Manual:General Ledger: Difference between revisions

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[[Category:Applications]]
==Screens==
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==Configuration==
==Utilities==
==Reports==
==General Ledger==
=== Chart of Accounts ===
=== Chart of Accounts ===
'''Menu Location:''' General Ledger / Chart of Accounts<br>
{{EpiphanyHelpText|Screen|5}}
'''Important Fields:'''<br>
: 1. Account Number
::* Example:  03.750.4311
::**03 = Facility/Site
::** 750 = Department
::** 4311 = Detail
: 2. Balance<br>
: 3. Account Name<br>
: 4. Account Type – displays Account Type and Code <br>
::* A = Asset
::* Q = Equity
::* E = Expense
::* L = Liability
::* R = Revenue
: 5. Detailed Type – displays Detailed Account Type<br>
::* Asset
::* Equity
::* Expense
::* Liability
::* Revenue
: 6. Default Acct For<br>
::*{{EpiphanyHelpText|Detail|834}}
: 7. Bank Info<br>
::*{{EpiphanyHelpText|Detail|9804}}
: 8. Summary Account Information<br>
::* Summarizes all accounts by Detail (i.e. 4311)<br>
: 9. Sub-Accounts – displays all sub-accounts of GL Account Number<br>
: 10. Facility – displays Facilities GL Account Number is linked to<br>
: 11. Department – displays Departments GL Account Number is linked to<br>
'''Adding an Account Number'''<br>
:'''Menu Location:''' General Ledger / Chart of Accounts<br>
:1. Click [[File:Add.png]]
:2. Enter new Account Number
:3. Select Account Type
:4. Select Detailed Type
:5. Select Default Acct For, if applicable
:6. Enter Bank Info, if applicable
:7. Enter Balance, if applicable
:8. If Summary Account, check the Summary Account box
:::Summary Accounts are "Virtual" accounts used in Epiphany to show the combined value of several accounts (i.e Cost of Sales may have Sub-Accounts of Purchases, Change of Inventory, etc.). Summary Accounts can be used in Custom GL Reports. They cannot be posted to directly in Journal Entries.
:9. Account Groupings
::a. Facility
:::Facility is only populated when using Summary Accounts. The Facility Code is normally prepended to the start of the standard GL Account in the format [Facility Code].[Department Code].[Account Number].
::b. Depatment
:::Department is only populated when using Summary Accounts. The Cepartment Code is normally prepended to the start of the standard GL Account in the format [Facility Code].[Department Code].[Account Number]
::c. Update Accounts button
:::• This button will automatically create and remove GL Accounts as necessary for every combination of Facility and Department defined under Account Groups.
=== Journal Entry ===
'''Menu Location:'''  General Ledger / Journal Entry<br>
# Enter date if different from current date
# Enter Journal Desc (description of Journal Entry)
# Ledger Entries
:a. Add Account Number to be Debited
:b. Add Account Number(s) to be Credited
::*Note:  after entering the amount use the Up or Down keys to toggle between DB and CR
'''Recurring Journal Entry'''<br>
:'''Menu Location:'''  General Ledger / Journal Entry<br>
# Recurring Qty:  Enter number of months to recur
# Click Recur Monthly button
::* Example:  Enter 11 in Recurring Qty field and click Recur Monthly button
:::[[File:GL_RecurringJE.png]]
::* If correct, click Yes; otherwise, click No to clear dialog box and return to Journal Entry and change Recurring Qty.
::* Upon clicking Yes, a separate Journal Entry for each month is added to the Journal Entries.
::* Dollars can be divided over allotted number of months to reflect income more accurately for work done throughout the year.
'''Reverse Journal Entry'''
:'''Menu Location:'''  General Ledger / Journal Entry<br>
# Enter Date to reverse the Journal Entry
# Click Reverse button
::• Example:  Reversing Date entered is 1/1/2020
:::[[File:GL_ReverseJE.png]]
::• If correct, click Yes, otherwise, click No to clear dialog box and return to Journal Entry to change Reversing Date.
::• Upon clicking Yes, a separate Journal Entry is entered for the date specified and indicates Reversing entry in parentheses:
:::[[File:GL_SuccessfulReverseJE.png]]
<br>
'''Journal Entry Templates'''
:'''Menu Location:'''  General Ledger / Journal Templates<br>
# Enter Template Desc
# Enter Account Numbers to be debited and credited
'''Apply Journal Entry Template'''
:'''Menu Location:'''  General Ledger / Journal Entry<br>
# Click Apply Template button
# Select appropriate Template
::a. Edit Journal Date if needed
::b. Enter appropriate amounts for each account to be debited and credited
'''Journal Entry Report'''
:'''Menu Location:'''  General Ledger / Reports / General Journal Report<br>
::Report includes:
::* Journal ID
::* Journal Date
::* Journal Entry Description
::* Employee Number
::* Person Name (person that created Journal Entry)
::* Account Number
::* Account Name
::* Debit Amount
::* Credit Amount
=== Budget ===
'''Menu Location:'''  General Ledger / Budget<br>
# Enter Budget Year
# Enter Account Number to be impacted
# Enter dollar amounts in appropriate Months
=== Default Accounts ===
'''Menu Location:'''  General Ledger / Default Accounts<br>
Define default account for entries (once defined, accounts will be linked to Chart of Accounts)
# Click Add
# Enter Description
# Enter Account Number
=== Payment Types ===
'''Menu Location:'''  General Ledger / Payment Types<br>
# Enter Description
# Enter GL Account Number to Debit
::* Common Payment Types
::**Cash
::**Check
::**Credit Card
::**Pay Pal
::**Refund
::**Wire Transfer


- Menu Location: General / Chart of Accounts
=== Reports ===
* Standard Balance Sheet
* Standard Income Sheet
* Standard GL Detail
* Custom GL Reports
* Custom GL Report Maintenance
* Close Books
* Trial Balance
* See Insight Reporting for all General Ledger reports