Accounting Setup

Overview

The Accounting Setup is used to configure the values in the drop-down lists for the fields within the many Profile Pages in the Accounting Module.

Navigating to the accounting setup page:

1. Open the Modules Menu and select Accounting

2. On the Accounting Overview, click the Accounting Setup Page link.

   in netFORUM 2014Intacct is integrated with netFORUM by default. It is strongly suggested that you visit the Intacct site and set up your Intacct accounting objects before proceeding with netFORUM Accounting Setup. Objects must exist in Intacct before they can be imported into netFORUM. Please view the Intacct Software Integration help topic for more information.

Deleting Values

Deleting a value from a drop-down list:

1. On the Accounting Setup page, on the appropriate child form, find the record you would like to delete and click the Delete button.

2. A warning message will appear. Click OK to delete the item from the child form.

  NOTE: Once a drop-down list item is used, you can no longer permanently delete the item. However, the record can be disabled so that it does not appear in the list. To disable the record, check the hide/disable record? check box.

Editing Values

All Edit pages contain the same fields as their respective Add pages.

Hiding/Disabling Values

Hiding/disabling a value from a drop-down list:

1. On the Accounting Setup page, locate the desired child form.

2. Find the record you wish to hide and click edit.

3. Select the hide/disable record? check box and click Save. This removes the value from all of the drop-down lists.

  NOTE: There is no show option to reverse the hide option. If you need the value again, it must be re-added.

G/L Account Types

The G/L (General Ledger) Account Types categorize accounting transactions. A G/L Account needs to be labeled and set up for every type of these transaction.

Examples of G/L Account Types:

  • Accounts Receivable (A/R)
  • Assets
  • Cash
  • Cost of Goods Sold (COGS)
  • Credits
  • Debits
  • Liabilities
  • Revenue
  • Deferred Revenue
  • Refunds
  • Inventory
  • Returns
  • Write-Offs
 

Setting up a G/L account type:

1. Navigate to the Accounting Setup page.

2. On the gl account child form, click the Add button.

3. In the Add—GL Account Type window, enter a gl account type.

4. Click Save.

Picture48.gif

You will select the GL account types when you set up the GL accounts from the Business Unit Profile.

System Options: Default Account Types

Main Article: GL Account Type

Busines Unit Default Key

Main Article: BusinessUnitDefaultKey

The BusinessUnitDefaultKey is a critical system option that is typically set during implementation. This option determines your main Business Unit.

Credit Reasons

The Credit Reason drop-down list contains reasons for returning money or crediting a purchase.

Examples of Credit Reasons: a credit may be issued for a damaged item, over payment, or a cancelled meeting etc.

Coupons are also considered a credit and need a "credit reason."

To Set Up Credit Reasons:

1. Go to the Accounting Setup page.

2. On the credit reason child form, click the Add.

3. In the Add - Credit Reason window, enter a credit reason.

4. Enter a credit reason description.

5. Select the pending check box, if appropriate.

6. Click Save.

Picture49.gif

 

Source Codes

Main Article: Source Code


source code is used to track the source of an invoice or payment.

To Set Up Source Codes:

1. Go to the Accounting Setup page.

2. On the source code child form, click Add. The Add - Source Code window displays.

3. Enter a source code.

4. Select Invoice or Payment.

5. Enter start and end dates, if applicable.

6. Enter eweb code, if applicable.

7. Click Save.

Picture50.gif

 

Media Codes

Main Article: Media Code

A media code represents the method used to send, receive, or process media types. Media types include invoices, payments, and credits.

Examples of an invoice media code: mail, e-mail, fax

Examples of a credit media code: check, account credit

Examples of a payment media code: check, credit card, purchase order

To Set Up Media Codes:

1. Go to the Accounting Setup page.

2. On the media code child form, click Add.

3. In the Add Media Code window, select a media type (invoice, credit, or payment).

4. Enter a media code.

5. Click Save.

Picture51.gif

 

Collection Status

Collection Status is the reason for a collection procedure (effort to obtain payment).

Examples of Collection Status reasons: disputed charge, bounced or returned check, sent to collections, etc..

To Set Up Collection Status:

1. Go to the Accounting Setup page.

2. On the collection status child form, click Add.

3. In the Add - Collection Status window, enter a collection status.

4. Enter the description.

5. Click Save.

Picture52.gif

 

Invoice Messages

An Invoice Message can be added to an invoice to advise a customer of a refund policy, payment condition, or other relevant information.

To Set Up an Invoice Message:

1. Go to the Accounting Setup page.

2. On the invoice message child form, click Add.

3. In the Add - Invoice Message window, enter a message code.

4. Enter message text.

5. Click Save.

Picture53.gif

 

Credit Card Gateways

Main Article: Credit Card Gateway

Price Override Reason

The Price Override Reason gives you the ability to track the reasons for a price change. For example, a price may be overridden for a Past President or Board Member (See Editing an Order in COE)

Note: To enable a use to enter a price override reason, set the AllowPriceOverride system option to Yes. To require the user to enter a price override reason, set the PriceOverrideReasonRequired system option to Yes.

To Set Up Price Override Reasons:

1. Go to the Accounting Setup page.

2. On the price override reason child form, click Add. The Add - Price Override Reason window displays.

3. Enter the reason for the override and click Save. The reason will show up in the price edit window, in the override reason drop-down list.

Picture54.jpg

 

Currency Codes

Main Article: Currency Codes Setup

Setting up Currency Codes is integrated into the setup of the Multi-Currency functionality.

Remittance Address

 in netFORUM 2013

The Remittance Address child form now appears on the Accounting Setup screen. Any address added on this child form is able to be selected to appear on generated invoices from the Report functionality. This child form provides access to a portion of what is available on the Client page.

Picture55.png

Accounting Setup--Remittance Address child form

Intacct Integrated Data

 in netFORUM 2014 netFORUM integrates with Intacct by default.

Integrating with Intacct provides access to the following child forms in Accounting Setup:

  • classes
  • departments
  • locations
  • segments

Intacct users can import data from Intacct to classesdepartmentslocations, and segments child forms by clicking the Import from Intacct button in the desired child form. All data in these child forms is imported from Intacct and cannot be added or deleted via netFORUM.

See Intacct Software Integration for additional information.

If you are using a different accounting software integration, then these child forms will not appear in your site.

 

Was this article helpful?
0 out of 0 found this helpful