Accounting Rules
Beginning at the main screen, click on Accounting. This will launch the Accounting menu.
Select Accounting Rules
Create accounting rule
Click on +Add Rule
As illustrated in above image, you need to provide details & click on Submit button.
Multiple entries:
In case, If you want to do multiple entries you need to create debit and credit Account Tags, and then assign the tags to expense and asset accounts. The tagged accounts can then be used to create an Accounting Rule.
For example: To create a payroll posting rule, create a debit Account Tag, “Payroll,” and assign it to each Expense Account you want available for payroll debits. Then, create a credit Account Tag, “Cash,” and assign it to each Asset Account you want available for credits.
To tag an account to be debited, do the following:
- Create a debit Account Tag:
- On the finflux toolbar, click Admin, and then click System to open the System menu.
- On the System menu, click Manage Codes to open the Manage Codes dialog.
- In Code Name list, select ExpenseAccountTags.
- In the ExpenseAccountTag dialog, click +Add Code Value.
- In the Code value box, enter a name for your debit Account Tag code value, and then click +Add.
NOTE: To edit the code value, click the Edit Code Value button. To delete the code value, click the Delete Code Value button.
- On the finflux toolbar, click Admin, and then click System to open the System menu.
Assign Expense Account Tags to accounts you want available for debits using your Accounting Rule.
- On the finflux toolbar, click Accounting to open the Accounting menu.
- On the Accounting menu, click Chart of Accounts.
- In the Chart of Accounts list, click the account you want to tag.
NOTE: For debits, select from accounts with an Account Type EXPENSE. - Click Edit.
- In the Edit GL Account dialog, in the Tag list, select the expense account tag you want to assign to the account, and then click Submit.
Repeat for each Expense Account you want your Accounting Rule to make available for debits.
- On the finflux toolbar, click Accounting to open the Accounting menu.
To tag an account to be credited, do the following:
- Create a credit Account Tag.
- On the finflux toolbar, click Admin, and then click System to open the System menu.
- On the System menu, click Manage Codes to open the Manage Codes dialog.
- In Code Name list, select AssetAccountTags.
- In the AssetAccountTag dialog, click +Add Code Value
- In the Code value box, enter a name for your debit account tag code value, and then click +Add.
NOTE: To edit the code value, click the Edit Code Value button. To delete the code value, click the Delete Code Value button.
- On the finflux toolbar, click Admin, and then click System to open the System menu.
- Assign Asset Account Tags to accounts you want available for credits using your Accounting Rule
- On the finflux toolbar, click Accounting to open the Accounting menu.
- On the Accounting menu, click Chart of Accounts.
- In the Chart of Accounts list, click the account you want to tag.
NOTE: For credits, select from accounts with an Account Type ASSET. - Click Edit.
- In the Edit GL Account dialog, in the Tag list, select the asset account tag you want to assign to the account, and then click Submit.
Repeat for each Asset Account you want your Accounting Rule to make available for credits.
- On the finflux toolbar, click Accounting to open the Accounting menu.
Go to Accounting>>Accounting rules:-
- On the finflux toolbar, click Accounting to open the Accounting menu.
- On the Accounting menu, click Accounting Rules to open the Accounting Rules dialog.
- Click +Add Rule to open the Add Rule dialog.
- In the Accounting rule name box, enter a name your new accounting rule.
- In the Office list, select an office.
- In the Description box, enter an optional description.
Under Affected GL entries, set the Credit and Debit rules.
- To set the Debit rules:
- Under Debit Account Details, select List of Accounts.
- Select an account from the Available debit tag list, and then click the right arrow (>>) button to add the account to the Selected debit taglist.
NOTE: To allow multiple debit entries select Allow multiple debit entries.
- Under Debit Account Details, select List of Accounts.
- To set the Credit rules:
- Under Credit Account Details, select List of Accounts.
- Select an account from the Available credit tag list, and then click the right arrow (>>) button to add the account to the Selected credit tag list.
NOTE: To allow multiple debit entries select Allow multiple credit entries.
- Under Credit Account Details, select List of Accounts.
- To set the Debit rules:
Click Submit to post your new accounting rule.
View Accounting rule
Edit or Delete Accounting rule
To Edit
Click on Edit button, then modify necessary changes and click on Submit.
To Delete
Click on Delete button, then click on confirm.
To apply an Accounting Rule:
Go to Frequent Postings
Key Error Messages
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