Question. How do I write checks for items purchased?.
Answer: Checks can be generated and written for 2
categories of expenses, (1) Items purchased with a Purchase Order and
(2) Items entered through the AP Expense
Entry module. Below is a brief explanation
of the differences:
(1) Items purchased with a Purchase Order - Whenever
a new purchase order CLOSED, either directly
from the Purchase Order module or from the Accounts Receivables module,
an Accounts Payable Invoice is created. The accounts
payable invoice is an official business Accounts
Payable liability (debt). After the Accounts Payable
Invoice (API) is created you
must process the API from within the
Accounts Payable Management Module. The Accounts Payable Management
Module can be accessed by clicking #19 Accounts Payable Sub-Menu, adn
then selecting with the #44 Accounts Payable Management. Retrieve and
pay the API by clicking the #1
"Lookup By PO" combo selection box (blue background selection box).
Choose the Accounts Payable Invoice (API)
to process. Next Enter the Payment Amount. The invoice can be paid
in full or a partial payment may be entered. Finally, click the #3 Pay
the Invoice button to create the vendors Check Print record.
After the check print record has been created, you
can retrieve (#1) the check print record from within the Single Check Print
module, #2 Enter the Check Number of the Check and (3) Print the check.
After the check has printed successfully,
#4 retrieve the check and #5 Post it to the Check Print register to clear
it from this module.
Question.
How do I Track what products vendors carry and their cost for comparison.
Answer. The best way to track do this is to
record the best know price for the product
from within the Inventory Management module and
enter new product purchases with a PO to maintain the Average Unit Cost.
We will discuss this with you further on
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Question.
How do I make a sale to a customer and print the invoice immediately. I
would like to be able to record payment the immediately and/or record
payments that are received through the mail.
Answer - Enter the order initially from within the Sales Order
module. To record the payment immediately
click the "QUICK PAY and CLOSE"
button. Enter the payment method, amount, and close date, in the
spaces provided on the dialog screen.
Question. How do I Pay bills (to vendors, for office
materials, for freight charges, tools, health ins., vehicle maintenance,
utilities, etc.)
Answer. To pay Utility bills, Vendor direct pay
bills, or to record other simple expense purchases, enter a manual AP
Expense Payment from within the AP Manual
Expense Entry module. To do this select Accounts Payable
Sub-Menu from the Main Menu. Next select #43 AP
Manual Expense Entry module. #1 Retrieve the vendor name that you
wish to make the payment to (I.e. Sams Florist).
If the vendor name is not listed here, click the EDIT button and add the new
vendor. All persons that receive payments are considered vendors.
Utility company is considered a vendor. Phone company is considered a
vendor, etc. #2 Enter the Payment Amount. #3 Select the GL
Expense Account that most accurately
reflects the payment type. For example for utilities choose #22
Utilities. For Miscellaneous
purchases choose Misc Expense, etc.
The total amount for all detail expenses added must
match the total amount paid in step #2. After all the detail items have
been entered, click the #4 Save AP
Invoice button. Next, #5 Retrieve the AP
Invoice and #6 Post the API record to the
Accounts Payable Management module. Finally, retrieve and pay the API
from within the API Management module using
teh steps as listed above.
Question - How do I Record income from sales.
Answer - Income from sales is automatically recorded
whenever an Invoice is closed. The income information can be viewed from
within the Income Statement module located under the #1 Company Admin
Submenu.
Question - How do I run reports that show income
received and what has been paid and to whom and for what.
Answer - Run the Income Statement Detail Report using
steps in Answer 5 above.
Additionally, custom reports can be created to provide enhancements to your
management style and preferred reporting methods.