Financial Statement Set-Up – Page 2 – Accolent ERP Help Documentation

General Ledger Postings – Cash Disbursements Journal

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 – Accounts Payable Journal

General Ledger Postings – PO Receipts Journal

General Ledger Postings – Sales Journal

General Ledger Accounting Journals

Income Statement Set Up

Accolent ERP allows users maximum flexibility in setting up the Income Statement. Setting up the Income Statement correctly is critical in order to perform meaningful analyses of the results of operations, results of marketing plans, cost controls, and advanced budgeting. Income Statement Set Up To set up the Income Statement, go to GL > Financial […]

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 […]

Balance Sheet Set Up

Accolent ERP allows you to define the sections for the Balance Sheet. Getting the Balance Sheet right is one of the main objectives of good accounting practice. The process for setting up the Balance Sheet uses Account Types (Asset, Liability, Capital) and Account Sub-Types (e.g., Current Assets, Other Current Assets, PP&E) which all have positional […]

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 […]