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Manex uses the accrual accounting method, income and expenses are recorded as they occur, regardless of whether or not cash has actually changed hands. An excellent example is a sale on credit. The sale is entered into the books when the invoice is generated rather than when the cash is collected. Likewise, an expense occurs when materials are ordered, not when the check is actually written.
In order for the ManEx General Ledger module to work correctly, it is very important that the Accounting and System setup screens are completed correctly.
Accounting Prerequistes
Training is REQUIRED for the Accounting Modules. If you decide not to take the training required by ManEx for the Accounting modules, then any data fixes required that could have been prevented from training will be an additional charge.
Users MUST have full rights to the "Accounting Setup Screens" in Accounting Security . Users with “Accounting Security Supervisor” rights will automatically have access.
Accounting Pre-Installation
Accounting Pre-Installation allows you to plan all information relating to company fiscal year, chart of accounts, and other standard defaults. These tables are put together by preparing tables and planning system defaults. To view the GL Account defaults go to Article #5262 .
Accounting System section covers: Sales Accounts, Purchase Accounts, Inventory Accounts, Bank Accounts, Chart of Accounts, and other standard defaults.
Determine how each section is going to be designed. |