Accolent ERP creates Vouchers to pay Vendor Invoices. Vouchers get the due date, and discount date from terms set on the Vendor master. These default terms may be overridden Voucher by Voucher but will not update the Vendor master. Once created, Vouchers are displayed on the List Vouchers screen. Managing AP Vouchers Go to Payables […]
Category: Adjust Vouchers
AR & AP Differences for Advantage Users
Accolent ERP works differently from Advantage in many areas. Two of these areas in which the Accolent ERP functionality differs from that of Advantage are in Accounts Receivable and Accounts Payable. There are several specific areas of difference to be aware of. Important AR Differences There are some important AR areas of difference between Advantage […]
Deleting Vouchers
Accolent ERP allows vouchers that have been created, but not yet paid, to be deleted. Unpaid vouchers can always be adjusted using Voucher Adjustments. In some cases, it may be easier to delete and recreate an unpaid voucher to correct errors or to link to a different PO and/or PO Receipts rather than use a […]
Backdating Manual Checks
Accolent ERP allows for backdating manual checks, or computer checks. Create the manual check and specify which voucher or vouchers are to be paid by this check. The Check Date (which prints on the check) may be backdated, this is true for computer checks too. Note that the Check Date cannot be earlier than the […]
Using Manual Checks
Accolent ERP allows for the use of manual checks or computer checks. Manual checks can be used to pay existing Vouchers. First create Vouchers or select existing Vouchers to be paid, then create the Manual Check. Any available early payment discounts based on the date of the Manual Check, the date of the Vouchers being […]
General Ledger Postings – Voucher Adjustments Journal
Accolent ERP posts transactions to the General Ledger (GL) through the following Accounting Journals: Sales Journal (SJ), Payment Receipts Journal Journal (PR), PO Receipts Journal (PO), Accounts Payable Journal (AP), Voucher Adjustments Journal (VA), Cash Disbursements Journal (CD) and the General Journal (GJ). The Accounting Journals are automatically posted to the GL immediately. If the […]
Vendor Default GL Posting Allocations
Accolent ERP allows entry of GL Posting Allocations for a Vendor that will automatically default the GL Accounts and allocations into a voucher created for the Vendor. For GL Posting purposes there are two types of vendors: Inventory Vendors and Non-Inventory Vendors, and each of these are posted to the General Ledger differently. Inventory Vendor […]
Decimal Places and Rounding
Accolent ERP does all internal calculations to 5 decimal places by default. When the system multiplies a unit price or a unit cost by quantity to calculate an extended dollar value, the result is rounded to 2 decimal places and the additional digits are dropped. Subsequent calculations such as to calculate sales tax are performed […]
Taking Voucher Discounts
Accolent ERP creates a voucher for a Vendor’s Invoice using by default, the terms negotiated and agreed with the Vendor. The default Vendor terms may be overridden for that voucher, if desired, without changing the terms on the Vendor. If the terms selected provide for an early payment discount, the discount is not entered on […]
Voiding Completed Checks
Accolent ERP provides a simple process to void either a computer or a manual check that has already been created. For a computer check that means that the check was previously completed and confirmed on the print checks screen. Either a computer check or a manual check that hasn’t been completed can just be deleted. […]