I have ver 2.4.7
I am unable to modify a transaction 30 days before Today, they appear as "closed"
I am in the same fiscal year and closing GL date is the last day of the fiscal year.
How do I adjust this?
1 02/14/2021 07:03:44 am
Topic: Unable to post or update transactions 30 days back from Today (1 replies, posted in Banking and General Ledger)
2 12/04/2017 06:53:44 pm
Re: Defining Accrual or cash basis accounting method (8 replies, posted in Setup)
For apmuthu:
Yes, you have defined the method correctly. Some other accounting software allow you to choose the type of accounting and the reports are generated according to the chosen method. And you are correct, reports are needed for tax purposes. To obtain the information, at this time, I have to run several reports and then filter information in order to achieve my need.
3 11/06/2017 05:45:05 am
Re: Defining Accrual or cash basis accounting method (8 replies, posted in Setup)
Can you give an easier explanation?
In my case, I provide 30 days to customers. Particularly, Invoices issued in December are paid in January (on the following year). What do you mean by creating the invoice and payment accordingly? In my case the invoice is issued in a different year than the payment voucher.
Better yet, which report can give me the total revenue as only paid invoices?
4 04/10/2017 02:56:44 pm
Topic: Defining Accrual or cash basis accounting method (8 replies, posted in Setup)
Is there a way to define the type of accounting method to be used with FA?. I already have the environment running, and it looks it is in accrual method. In that case, is it possible to change the method?
Thank you.
5 05/17/2016 01:56:08 pm
Re: Simple Date Check (2 replies, posted in Wish List)
if you go to Customer Transactions you can only view. Is there some switch that needs to be set in order to be able to edit?
6 01/25/2016 10:30:27 pm
Re: New Fiscal Year (3 replies, posted in Banking and General Ledger)
If I try to enter an invoice with a date on the new fiscal Year, I am not allowed:
"The entered date is not in fiscal year"
Is there something else I should do?
UPDATE: Need to change the current fiscal year in order to submit the transaction. It works,
7 10/24/2015 04:20:32 am
Topic: Bank charges in Payments to Suppliers (1 replies, posted in Accounts Payable)
I don't know if I am not doing the correct thing. This is what I have done to pay an invoice from a vendor:
- Went to Payments to Suppliers
- Since this was done via a Wire Transfer and there was a Bank Fee, I filled the field "Bank Charge" with $40 for the charge
- Paid the full amount of the invoice in the corresponding field
- Posted
I was expecting to have the $40 to go into an expense account (Bank fees)
I see a credit in the bank account for the amount of the invoice + $40 and
I see a debit in the bank account for $40
Is this correct? I was expecting:
- Credit the bank account with the invoice cost + $40
- Debit accounts payable
- Debit expense for $40
8 10/15/2015 09:39:57 pm
Re: All FA version's having issue on Customer Payments (3 replies, posted in Accounts Receivable)
If you receive money before invoicing, that is called an advance payment and has to go into a "temporary" account. You take that money "back" to pay the invoice once you have created it.
However, in FA I have "prepaid" and then invoiced. Later you allocate that payment to the corresponding invoice.
For payments larger than invoice, the temporary account would work.