If you don’t track aging periods on your transactions set up the 30-60-90 day aging period by default, just in case. The selection you make here will affect the way information is displayed in your Analyze Receivables and Analyze Payables windows, on statements and on the following reports: Aged Receivables, Aged Payables, Receivables Reconciliation and Payables Reconciliation. You can choose to use daily aging periods (example: 30-60-90 days) or monthly aging periods (January, February, etc.). Selecting these options will enable you to view a record of the transactions you make and the log entries you create in one window however, your company file’s size can increase significantly over time if you record a high volume of transactions.Īging Options: You can choose how you would like to age the account balances of customers and vendors. The log entry contains basic information about the transaction, such as the invoice number, check number, and the amount. You can tell AccountEdge to automatically create a log entry each time you record a sale, purchase, or banking transaction. Reminder Log: The Reminder Log is where you can view notes, transactions, and reminders. You should not select this option if you conduct all your business in your local currency. NOTE: Once you turn multi-currency “on” and start recording transactions, you cannot turn it off. Multiple Currencies: If you select this option, you will be able to record sales, purchases and other transactions in foreign currencies, and track your gains and losses on the exchange rate. Record Selection: Choose how you want to select accounts, items and cards by their name or number (or ID, for contact cards). Expandable Data Entry will help display long item descriptions on sales and purchases. You can have AccountEdge Easy-Fill, or auto-fill, your accounts, items or cards when you start to type text into certain fields. The Customize Easy Setup Assistant will help you personalize AccountEdge.ĭata Entry: In this step, choose which of the data entry options you want to use. There are 5 different sections to the Easy Setup Assistant: You can always get back to this in the future by going to Setup > Easy Setup Assistant from the menu bar at the top of the screen. NOTE: You do not NEED to set these preferences now, but we recommend you do, spending a few minutes choosing key preferences in AccountEdge will save you hours in the future. You can also access this by going to Setup on the top menu bar and selecting Easy Setup Assistant from the drop-down. The Easy Setup Assistant will launch automatically after completing the New Company File Assistant. It will go over the key preferences for the five main areas of AccountEdge: Accounts, Sales, Purchases, Payroll and your company file Preferences. The Easy Setup Assistant will walk you through the process of choosing your AccountEdge system and company file preferences. Setting up your preferences now will make your work flow easier and more efficient when you enter transactions later. Easy Setup AssistantĪfter completing the New Company File Assistant, it’s time to set up your new AccountEdge company file to suit your business. For example, you can choose to automatically print invoices after recording them, or prevent users from editing transactions. You can set preferences to customize the way AccountEdge operates. Preferences are settings that enable you to tailor AccountEdge to your business requirements and processes.
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