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Knowledge Base

Accounting

Accounting

Setup & Config

Payment Gateways package

Defining Accounting Periods

Setting up the Chart of Accounts

Setting up Bank Accounts

Entering Opening Balances

What is an apply-to document?

Does it matter which account type I choose?

What does "used by billing" mean?

What is a terms code?

How are discount days used?

When should proximo terms be used?

What are due days?

What is the cut-off day?

If I don't manage inventory do I need cost categories—or item sites?

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Ledger/Financials

Can I switch from a calendar year to a fiscal year? Or vice versa?

Is there a way to reverse a posted bank rec if you find it has errors?

Transaction Accounting

Financial Reporting Engine — Part 1

Financial Reporting Engine — Part 2

Financial Reporting Engine — Part 3

Financial Reporting Engine — Part 4

Financial Reporting Engine — Part 5

Financial Reporting Engine — Part 6

Validating your ledger accounts

Closing Procedures

Why can't I view financial information for any date range?

My balance sheet and income statement don't show the same profit amount. Any idea why?

How do I enter my opening balances in the General Ledger?

How can we post transactions between two different companies?

How do I close the month?

My trial balance isn't forwarding. What do I do?

How can I learn more about project accounting?

Multi-Company Financial Consolidation

What is the goal of project accounting?

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Receivables

I applied cash to the wrong invoice. Can I undo that and start over?

What happens if I receive more cash than I can apply?

What happens when I post a receivable?

How do I handle deferred revenue?

Why can't I enter a credit card receipt?

Why do cash receipts have three different dates?

When do I use receivable debit and credit memos?

How do I reverse a receivable?

Where does the invoice number come from?

Can I create simple invoices?

What are receivable applications?

Do invoices flow from sales orders?

How can I do a non-A/R cash receipt?

Why should I enable customer deposits?

What address do I enter in the billing configuration?

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Payables

Creating Miscellaneous Vouchers

Making Payments

Creating Regular Vouchers

Payables — Memos

ACH Payment Processing

Paying Vendors with Credit Cards

How do I handle Purchase Order Returns (i.e., rejects) in the vouchering process?

Why don't my non-inventory receipts show up on the Uninvoiced Receipts|Returns report?

How do I create a voucher for prepaid orders?

Why can't I choose my bank account when writing checks?

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Taxes

Why does Avalara not recognize my items as tax exempt?

Why is the CertCapture feature in Avalara not working with xTuple?

Do you integrate with tax services, like Avalara?

Tax Basics

1099 Information Package

How do I issue a tax credit to my customer?

What are tax assignments?

Why would you add multiple tax codes to a tax assignment?

Are tax assignments required?

Why am I not seeing taxes on my order?

What are tax authorities?

Why do tax authorities require a g/l account?

How do tax authorities relate to CRM?

When do I use tax classes?

In tax code setup, what is a group sequence?

How can I make items tax exempt?

How are tax zones used?

In the tax system, how is the calculation basis used?

What are tax types?

Why are some tax types system-defined?

Why does the tax code have a g/l account?

What are tax codes?

How are tax classes related to tax codes?

Do tax zones work the same for customers and vendors?

How do I handle customers who have multiple tax zones?

How do I set a default tax type?

How does the tax credit for discounts work?

Avalara Tax Service Integration

VAT/GST: Basic Setup and Usage

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Costing

How are work order labor costs calculated?

Landed Cost Overview

Standard Costing

Support for Landed Costs