Accolent ERP has embedded AWS Quick (“Quick”), which is AWS’ Agentic AI offering. Quick is an AI solution that offers chat agents, workflows and dashboards and visualizations using LLMs (Large Language Models) running in AWS Bedrock and called from a customer workspace. The customer workspace can access various data sources, such as your Accolent ERP […]
Category: Create Checks
AI-Bots for Financial Statement Tie-Outs
Accolent ERP users should have a financial close process every month-end to tie-out the financial statements to the supporting files for Accounts Receivable, Accounts Payable and Inventory Valuation. There are many possible reasons for these balances to go out of sync including things like manual adjustments, GL Adjustments, using the bulk imports while in live […]
Accolent ERP Optional Modules
Accolent ERP is a full-featured ERP system including functionality for Order Management, Order Processing, Rebates Management, Complex Pricing Methods, Product Cost Management, Inventory Management, Inventory Tracking and Control, Bill of Materials and Kitting, Purchasing Management, Warehouse Management System, Multicarrier Shipping, Sales and Use Tax, Comprehensive GAAP-compliant General Ledger, Accounts Payable, AP Automation, Accounts Receivable, and […]
Allocating Vouchers to Multiple Departments
Accolent ERP allows the allocation of Vendor Invoices, referred to as Vouchers, to multiple expense GL Accounts. A voucher can have multiple expense lines each of which may be allocated to its own department. Once all expense lines on the voucher are assigned to departments, the voucher can be posted. The GL posting of the […]
Using VAT Canada
Accolent ERP supports VAT for Canada (and other non-US jurisdictions). To use first go to the Configuration screen and enable VAT Canada, then setup the Canadian tax jurisdictions. Then set the voucher allocations on vendors to include the Provincial Sales Tax (PST) and the Canadian Goods & Services Tax (GST). Once done, all sales transactions […]
Onboarding Vendors to Tipalti
Accolent ERP supports automated AP payments through Tipalti, a leading AP Automation platform. To use the Tipalti AP Automation, your Vendors must be set up in Tipalti. To accomplish this, all Vendors can initially be exported from Accolent ERP and Uploaded to Tipalti in a “Not Payable” status. Vendors will then be contacted and asked […]
Using AP Automation
Accolent ERP supports automated AP payments through Tipalti, a leading AP Automation platform. In Accolent ERP, users create Vouchers then select Vouchers to be paid and select the bank as ePayable Bank. When the user clicks Create Checks, if the bank is ePayable Bank, Accolent ERP will call the Tipalti API to upload the whole […]
Prepaying a Purchase Order
The typical PO flow in Accolent ERP is to create and submit a PO, receive the PO, then create a voucher tied to the PO and PO receipt(s) and then to pay the vendor. Sometimes, this flow could be reversed. For example, a PO could be shipped FOB with the recipient taking ownership prior to […]
Creating a Negative AP Balance on a Voucher
Accolent ERP allows the user to create a negative Accounts Payable (“AP”) balance in a vendor’s account, if necessary. This can be done by creating a manual check to either (1) overpay an existing voucher or (2) to create and pay a zero voucher. Either of these approaches will create the desired negative AP balance. […]
Using Preprinted Check Stock
Accolent ERP can work with any preprinted check stock. The Accolent ERP check form is editable and can be modified by end-users to move fields up or down, to change fonts, etc., to suit the preprinted check stock selected. Any Check Stock Will Work Any preprinted check stock from a recognized check printer should work. […]