GL Ratio Report – Accolent ERP Help Documentation

Using Accolent ERP Agentic AI

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 […]

Analyzing Financial Statement Lines

Accolent ERP allows users to drill down into any Balance Sheet or Income Statement (“Financial Statements) line to analyze the detailed transactions that comprise that line item. Each Financial Statement line item can consist of multiple Account Groups and each Account Group can contain multiple GL Accounts. Each GL Account in the system has a […]

Entering Other Deposits and Bank Charges

Accolent ERP allows users to enter Bank Deposits and Bank Charges. On the Bank Deposits and Bank Charges screens, the GL Account for Cash in Bank and the amount are defaulted respectively as a debit or credit. The user can select one or more offsetting GL Accounts to post too. Both screens work the same […]

General Ledger Differences for Advantage Users

Accolent ERP works differently from Advantage in many areas. One of the main differences is that Accolent ERP’s General Ledger is completely GAAP-compliant and so has constraints that were not present in Advantage. Another major difference is that the General Ledger posts transactions in real-time immediately as they are completed, so there are no daily […]

Setting Up Financial Statements

Setting up the Financial Statements in Accolent ERP requires several steps. First, map out the general structure of the financial statements using three levels of categorization: Account Type (e.g., Asset), Account Sub-Type (e.g., Current Assets) and Account Group (e.g., Cash). Then review the printed format of the financial statements that were set up and revise […]

Summary of General Ledger Postings

Accolent ERP posts transactions to the General Ledger (GL) through the following Accounting Journals: Sales Journal (SJ), Payment Receipts Journal (PR), PO Receipts/Manual Inventory Adjustments 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 upon […]

General Ledger Postings – Payment Receipts Journal

General Ledger Postings – Cash Disbursements Journal

General Ledger Postings – Accounts Payable Journal

Warehouse GL Defaults

Accolent ERP requires a set of default GL Accounts on the Warehouse master. These Warehouse GL Defaults represent the minimum number of GL Accounts that need to be provided in order for the system to post GL transactions. You must set these warehouse GL defaults prior to entering transactions into Accolent ERP. Once these warehouse […]