General Ledger A business maintains numbered accounts to keep track of its financial transactions to ensure propriety of the accounting process. General ledger helps in extracting a Trial Balance, preparing Profit & Loss Account , Finalizing Balance ...
Accounting Accounting Setup Adding / Modifying Chart of Accounts. Setup and Organization. Division setup and maintenance Setup for Vendors and Customers. Managing Ship to/Remit To General Ledger GL Overview GL account posting inquiries Creating a ...
Freight Types PD-Prepaid- The Cost is inclusive of the Material & Freight. Hence, freight cost is not accrued separately. PA-Prepaid ADD-The freight cost is invoiced separately by the Vendor for the material supplied from their location to ours. ...
Scenarios for receipt of material Straight material purchase of one or more coil(s) shipped to any location. Create purchase order for the material. Receive the material from your purchase order. (Do not put in a freight cost when receiving) Create a ...
FAQs (Frequently Asked Questions) Q = Question A = Answer Monies Q - We are buying material and the vendor is requiring money up front (aka pre-pay). How do we handle this? A - Refer: Payables-Prepay Q - We are selling material and we are requiring ...