When getting ready to go-live on Accolent ERP, there are several critical steps that must have been completed to ensure your launch is successful. These include (1) reviewing the pre-live testing spreadsheet that lists all the things that should have been tested and confirmed (2) completing the Incremental Import into the production database, (3) setting […]
Category: General Ledger
Budgets
Chart of Accounts
GL Ratio Report
Manage General Ledger
Financial Statement Set-Up
Manage Bank Accounts
Recording Payroll Expenses
Accolent ERP works with any in-house or outsourced Payroll/HR system whether on-premises or in the Cloud. After processing the payroll for any pay period through the Payroll/HR system, enter the consolidated payroll into Accolent ERP as a Voucher. The Voucher can then be paid in Accolent ERP through a single manual check. The consolidated payroll […]
Internal Bank Transfers
In Accolent ERP, each warehouse is a separate entity for financial statement purposes. So, in order to accommodate transfers from one warehouse to another, Accolent ERP uses a dummy Internal Bank Transfer account. A transfer of cash from one Bank Account to another specifies both the source Warehouse and Bank Account as well as the […]
Integrated Payments: Creating Voids or Refunds
Accolent ERP is integrated with Fiserv, one of the largest payment processors globally. As part of the Accolent ERP integration with Fiserv, payment transactions may be voided or refunded to the credit card that was originally charged. If the original charged transaction has not yet been settled, the refund request will direct the user to […]
Creating Checks for Multiple Warehouses
Accolent ERP allows vouchers for multiple warehouses to be paid with a single check. If there are multiple warehouses on a check, the amount of the check will be split between the warehouses. Create Vouchers Create voucher ZZ11636 for $120 for Vendor Staples for Warehouse 1. Create ZZ11637 for $260 for the same vendor for […]
Recording a Vendor Refund
Accolent ERP offers several ways in which a vendor refund may be recorded. If the refund is in the form of a Credit Memo, then create a negative voucher for the amount of the refund and select the negative voucher together with other positive vouchers to reduce the amount paid to the vendor in the […]
Using Integrated Payments
Accolent ERP is integrated with Fiserv, one of the largest payment processors globally. By automatically processing Level 2 and Level 3 data, Fiserv optimizes interchange charges on credit card payments ensuring the lowest possible rate on every transaction. The Accolent ERP integrated payments allows for acceptance of payments through Fiserv for multiple payment methods: (i) […]
Accolent ERP/Fiserv Integrated Payments
Accolent ERP now offers integrated payment acceptance through Fiserv, one of the largest global payment processors, and one of FORTUNE Magazine World’s Most Admired Companies. Fiserv is an award-winning credit card payment integration for SMBs, large enterprises and everything in between. Fiserv processes more than $26 billion in transactions each year for more than 195,000 […]
Understanding General Ledger Postings and Balances
Accolent ERP is built on a General Ledger (“GL”) which organizes all your financial reporting by GL Accounts. The GL Accounts are used to record all the transaction data that will appear in your financial reports. Each GL Account stores transaction data by Warehouse by Department by Month/Year and is reported on through the financial […]
Using Product Costs
Accolent ERP records up to four different costs for each product in each warehouse. The four product costs are referred to as: Standard Cost, Alternate Cost, Special Cost and Average Cost and are used for different purposes. Standard Cost is typically used for recording the overhead-burdened business cost of a product. Alternate Cost is typically […]