Accounting Setup

About this course

Use this on-demand training guide to understand:

• Accounting Tools Setup:
  • Accounting Periods - Define your agency's fiscal year and close all months prior to the agency's initial month. 
  • General Defaults Setup - Setup preferences and defaults for your system including General Ledger Banking, Account Current Expenses, GL Payable Accounts and Check Defaults, Invoice/Statement Printing, Client Ledger Defaults, Enabling the Default Commission Term Option, Enabling the Auto-Assign Next Invoice Number Option.
  • Sales Setup - Setup specific periods, general ledger defaults and finance charges. 
  • Financials - Define how you recognize income and reconcile producers including your Direct Bill income, Agency Bill and Account Current, Reconciliation Options and Vendor Payables. 
  • Automated Entries - Add Automated Entries for reoccurring journal entries. Auto create the entry in the month that is being closed.
  • General Ledger (GL) Beginning Balances - Enter beginning balances for accounts and transaction dates. 
• Chart of Accounts Setup: 
  • Account Transactions - Setup the General Ledger Accounts, View or Add an account in Chart of Account transactions/balances, set up a budget, view and add Journal Entries, view the General Journals and perform month end and year end closings. 
• Transaction Parties Setup:
  • Company - Add commission defaults or copy/paste company commissions for all lines of business and transaction types. 
  • Bank Account Access Permissions (Admins) - Manage employees' access to bank account sections within Partner Platform. 
  • Vendors - Add a vendor, allocate vendor payments across accounts, and add a bill after a template has been created. 
  • Employee - Add employee commissions and setup a producer/employee commission schedule to automatically have the producer commissions calculate the transactions within accounting and process payroll templates/checks. Enable the default commission term option. 
  • Employee Payroll Template and Checks - Learn to setup employee payroll templates, setup check withholdings and issue an employee check.
• Checks setup:
  • Prepare to print checks and choose from template options. Check formats and margin adjustments and walkthrough any troubleshooting you may need.
• Invoices and Billing Address Setup:
  • Learn how to add additional invoice transactions, print branch addresses on invoices, set a billing address to print on a payment stub and setting the billing address to print as the default in your system.

• 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.