Accounting Setup
Use this section to configure specific sections within the Accounting component of Partner Platform.
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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.