Accolent ERP is delivered with a standard General Ledger Chart of Accounts using a pre-defined format for the GL Account numbers. The standard delivered GL Chart of Accounts is a simple account structure that can easily be modified as needed to add or delete accounts and to configure how the accounts roll-up to the financial […]
Category: General Ledger
Budgets
Chart of Accounts
GL Ratio Report
Manage General Ledger
Financial Statement Set-Up
Manage Bank Accounts
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 […]
Using the General Ledger Chart of Accounts
The General Ledger Chart of Accounts is the core of the Accolent ERP accounting system. Understanding how the GL Chart of Accounts works and how to set it up should be one of the first steps taken in setting up Accolent ERP. GL Chart of Accounts To see the GL Chart of Accounts go to […]
Evaluating General Ledger Transactions
Accolent ERP includes the ability to look up any transaction by Accounting Journal to see how it was posted to the General Ledger (GL). This is helpful when trying to confirm a specific GL Posting and/or for auditing purposes. All transactions are posted to the GL through the following Accounting Journals: Sales Journal (SJ), Payment […]
Viewing General Ledger Transaction Details
Accolent ERP posts transactions to specific GL Accounts by warehouse, by department and by transaction date. To view the posting of specific transactions, go to General Ledger > Chart of Accounts > GL Transaction Details to see all the transactions posted to the selected GL Account in the date range selected. GL Transaction Details Go […]
General Ledger Postings – General Journal
Accolent ERP posts transactions to the General Ledger (GL) through the following Accounting Journals: Sales Journal (SJ), Payment Receipts 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. General Journal The […]
Entering Voucher Allocations
Accolent ERP allows for creating default GL Posting allocations for Vendors. 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 transactions are posted through the PO Receipts Accounting Journal while Non-Inventory Vendor transactions are posted through […]
Entering Vendor Invoices (“Vouchers”)
Accolent ERP uses “Vouchers” to record vendor invoices to be paid. For a vendor’s invoice to be paid, a voucher is first created which includes information such as the vendor, the amount to be paid, description, the PO No and Receipt No being paid, the General Ledger (“GL”) account to be booked to, etc. When […]
Receiving AR Payments
Accolent ERP’s Accounts Receivable (AR) module tracks payment receipts and collections. The system allows users to record payments against Customers’ AR accounts. Customer’s AR shows Invoice amounts due which automatically reflect prior payments made, calculate interest on overdue accounts, calculate any early-payment discounts available, and allow any write-offs desired. Payments received from Customers can be […]