This chapter explain the fields on the General Ledger Setup window. It also explains how set up Accounting Periods, and how to set up Trail Codes, Source Codes, and Reason Codes

This chapter explain the use of the Chart of Accounts and the elements of the Chart of Accounts and the G/L Account Card. 

 

It also explain the Budgets feature and the G/L Budgets page. It describes the process of setting up budgets manually, the additional budget processes, such as deleting budget entries, the process of creating budgets by using the Copy Budget function and the process of creating budgets by using the Export Budget and Import Budget functions.

This chapter explain the General Journal entry and posting system. It describes how to create and post General Journal entries. 

 

It also describe Recurring Journals, including the fields and allocations to recurring journals and it demonstrate how to use Recurring Journals with allocations and how to record accruals. It also explain the process of reversing and correcting journal entries.

This chapter describe the Bank Account Card. It demonstrate the process for entering and posting payments received from customers and the process for entering and posting payments to vendors.

 

This chapter explain and demonstrate the process of financially voiding a check. It also describe the Bank Account Reconciliation window, the options for populating the bank reconciliation lines and demonstrate how to process a bank reconciliation.

This chapter describes the Payments FastTab on the Customer Card. 

 

It explains the Cash Receipt Journal, which is used to post payments received, the process of applying cash receipt payments and the process of unapplying entries to customer ledger entries. It also explain the process of reversing customer ledger entries.

 

This chapter explains how to use payment discounts and describes the transactions for various situations that benefit from payment discounts. 

 

It explains how to use payment tolerance and describes the transactions for various situations that benefit from using payment tolerance.

 

This chapter also explains why and when Reminders and Finance Charge Memos are used, it explain how to use reminders and the process of creating and issuing reminders.

 

It also explains how to use finance charge memos and the process of creating and issuing finance charge memos.

 

Finally it describes how to review the Customer Ledger Entries and Detailed Customer Ledger Entries.

This chapter describe the Payments FastTab on the Vendor Card window. It explain the Payment Journal, which is used to process payments. It also explain the Apply Vendor Entries window, used to apply payments to vendor ledger entries.

 

This chapter explain the process of entering and posting manual checks. it decribes the Suggest Vendor Payments batch job, which is used to generate open payables entries in the Payment Journal and how to create payments using the Suggest Vendor Payment batch job.

 

This chapter explain the process of printing and posting payments and explain the process of voiding printed but unposted payments.

 

It demonstrate how to apply payments to vendor ledger entries after posting, explain the process of unapplying vendor ledger entries and explain the process of reversing vendor ledger entries posted using journals.

 

It explains how to use payment discounts and describes the transactions for various situations that benefit from using payment discounts.

 

It explains how to use payment tolerance and the transactions for various situations that benefit from payment tolerance.

 

Finally it describes how to review Vendor Ledger Entries and Detailed Vendor Ledger Entries

This chapter explain the requirements for setting up prepayments and how to set up and assign prepayment General Ledger accounts, for sales and purchases, and how to set up default prepayment percentages on customers and vendors and Customer-Item and Vendor-Item combinations.

 

It describes how to set up prepayment posting verification for sales and purchases and explain the prepayment processing flows for sales and purchase orders. It also describe the prepayment-specific fields on sales and purchase orders and how to create sales and purchase orders with prepayment percents and amounts and prepayment invoices from sales and purchase orders.

 

This chapter explain the processes available to correct posted prepayment invoices.

This chapter explain the VAT settings on sales and purchase documents. It also explain the process of adjusting calculated VAT amounts in sales and purchase documents and journals.

 

This chapter demonstrate the process of recording Import VAT.

 

This chapter describe how to correct a posted VAT entry and print a VAT Statement. It explain and run the Calc. and Post VAT Settlement batch job.

 

This chapter explain the requirements of reporting Intrastat, how to set up Intrastat and the process of running and submitting Intrastat reports.

This chapter explain the setup requirements for currencies and exchange rates when using multiple currencies.

It also explains the setup requirements using multiple currencies with Customers, Vendors, and/or Bank Accounts and the additional functionality for using Purchase and Sales documents that have foreign currency.

 

This chapter describe the additional functionality when posting multicurrency transactions in the Cash Receipts Journal or the Payments Journal.

It describes the process of running the Adjust Exchange Rates batch job for Customers, Vendors, and/or Bank Accounts.

And It also explain the set up, viewing amounts, daily processing, and periodic processes when using an Additional Reporting Currency.

 

Finally this module explain the process of consolidations with companies using different currencies.

This chapter explains how to close the accounting periods for the fiscal year, run the Close Income Statement batch job process and complete the closing process by posting the General Journal.