1.) Create a Liability Account in GL Ex: 21001 = Accrued Liability – VISA Account or Credit Card Payable Account Class = CASHASSET Type = Liability Post Option = Detail If using multi-currency, assign the currency to the account 2.) Create a Cash Account for it in Cash Account window. Assign a Subaccount
Category: SSG BLOG
Reclassifying General Ledger Entries in Acumatica: The Reclassify Transactions Process in the Financial Module of Acumatica allows users to correct, reclass or edit a General Ledger transaction that has been released and posted. Users can reclassify a General Ledger transition if an amount has been posted to the wrong account number, subaccount or branch on… Read more »
To create a journal entry that automatically reverses in the next period, use Acumatica’s Auto-Reversing feature. By checking a GL Batch as ‘Auto Reversing’, the system will automatically create a reversing entry in the next period. The Transaction Date on reversing entry will be the first day of the reversing period, per your Company’s Financial… Read more »
By Devon Southall So you are in need of adding another company to your accounting system or foresee it happening as your company grows. This is something to keep in mind as you search for accounting and financial management software. You want a software product that can grow with you. This is one of… Read more »
By Adam Martin There is a little known feature in Dynamics GP that allows you to go a step beyond the basic security in GP and take it to a more granular level. This is known as Field Level Security. It is found in the GP2013 Starter Pack and all newer versions of Dynamics… Read more »
By Devon Southall What are you current Customer /Vendor IDs? Are they working for you? Each ERP system has particular structures that work better for that system. Microsoft Dynamics GP can support various types of ID – numeric, alpha-numeric, mixed and set or variable lengths up to 15 character. But which one is best?… Read more »
In Acumatica, you can reverse a GL Batch with a simple click. Pull up the Entry that you wish to reverse in the Journal Transaction window.
Once you’ve created a Generic Inquiry in Acumatica, you can easily copy that inquiry to another tenant – even to a completely different instance of Acumatica.
The Mid-Market ERP Dilemma SMB’s (Small & Medium- sized businesses) are facing an increased amount of challenges. Companies with 30-500 Employees are almost required to maintain the same degree of complexity as their larger competitors. Thinner margins, doing business internationally, multiple languages, time zones & entities, foreign currencies, managing a complex supply chain, pressure to… Read more »
Have you been thinking about adopting a new ERP system? The ERP space is bursting with vendors that most claim are a perfect fit for your business. How do you know what system will fit your business? Navigating the selection process can be overwhelming and confusing. This is where an experienced, local ERP consultant… Read more »