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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

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

Creating Regular Vouchers

Making Payments

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

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

Landed Cost Overview

Standard Costing

Support for Landed Costs