Account Transactions

About this course

Use this on-demand training guide to understand:

• Account Journal Entries & General Journals
  • Learn about Adding Journal Entries from the Account Transactions location in Accounting. 
  • Learn the process of Unposting or Duplicating a Journal Entry.
  • Understand General Journals and the filters to analyze financial transactions.
• Client Journal Entries
  • Walk through accessing the Client Journal Entry screen. 
  • Understand the appropriate transaction types between Client, GL Account, or Invoice/Bal/Charges.
  • Learn to Add Client Journal Entries including:
    • Transferring a Client Ledger balance to another Client Ledger
    • Applying Transfer Credit to an Invoice
    • Writing off a Client balance to a GL Account
    • Applying Credits to Debits on the Client Ledger
  • Learn how to open an Journal Entry and how to Edit or Delete Entries.
• Inactivating Bank and General Ledger Accounts
  
  • Inactivate Bank Accounts.
  • Inactivate and reactivate generate ledger accounts. 
  • Learn to unlock an account in the Chart of Accounts. 
• Processing Month-end or Year-end Closing
  
  • Walk through steps to close a month following processes such as assessing finance charges, month-end journal entries, and month-end reports.
  • Learn how to open a month that has been closed and when you cannot reopen closed months. 
  • Walk through steps to close a year including year-end adjusting journal entries, computing retained earnings, and changing unused accounts to inactive. 
  • Ensure accuracy in finance reports by matching current earnings and net income, learn the importance of year-end closing, understand permanent account balances, and read through troubleshooting steps. 

• Interactive Sessions: Self-guided learning, featuring try-it demos to simulate hands-on experience.
• Microlearnings: Viewing experience. Workflows are demoed to answer specific questions.
• Support Articles: Designed to answer workflow questions by providing step-by-step instructions.