Accounting Overview

Although you are provided with a default set of master files, they are only a guide. Check the content of these files and manipulate them for your own needs. Refer to the applicable section for more information on what to do.

Configuration Files Required for Accounting

  • Company Setup Information
  • GL Chart of Accounts
  • Setup Accounting Period End Dates (Company Setup -> Tools -> Accounting Period Setup)
  • Customers/Suppliers setup
  • Term Codes to define default sales terms
  • Type Codes to define default GL numbers for transactions.
  • From Tools -> Options:
    • Whether Journal records are placed directly in the GL or Daily Journals are used
    • Default Order status (Sales Order or Invoice)
    • Print Pricing on PO's
    • Delete Input file after Posting Invoices
    • Show Invoice Due Date on Orders
    • What Order-Entry screen to use
    • Statement Format
    • HST percentage