activant acclaim - epicordetermines if master, regular, or both types of accounts are included this...
TRANSCRIPT
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Activant Acclaim
General Ledger Reporting and Closing Procedures
General Ledger Suite: course 4 of 4
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This class is designed for…
Acclaim users responsible for maintaining the general ledger accounts and/or managing the finances of your company
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Objectives
View historical posting dataReview the various reports and journals available in the Ledger modulePerform the procedures used to close a fiscal period and a fiscal year
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This course will NOT cover…
Getting Started with the General Ledger Preparing BudgetsPosting Batch Options Financial Reporting
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Reporting Menu
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Financial Reports
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Chart of Accounts List
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Chart of Accounts List Parameters
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Account # Mask
Establishes a selected set of records by only specifying some of the characters of
the record name
Establishes a selected set of records by only specifying some of the characters of
the record name
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Masking Example
08-450-100@@-450-@@@
08 – 440 – 12308 – 440 – 234 08 – 450 – 46802 – 440 –12302 – 440 – 23402 – 450 – 46203 – 440 – 12303 – 440 – 23403 – 450 – 465
08 – 450 – 10008 – 450 – 46802 – 450 – 46203 – 450 – 465
08 – 450 – 10008 – 450 – 46802 – 450 – 46203 – 450 – 465
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Starting/Ending Account #
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Type
ASSET, LIABILITY, INCOME, or EXPENSE
ASSET, LIABILITY, INCOME, or EXPENSE
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Status
Active, Inactive, or BothActive, Inactive, or Both
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Accounts
Determines if MASTER, REGULAR, or BOTH types of accounts are included
This field defaults to BOTH
Determines if MASTER, REGULAR, or BOTH types of accounts are included
This field defaults to BOTH
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Chart of Accounts List Sample
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Sub-Account Distribution List
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Sub-Account Distribution List Parameters
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Page Format
FULL or MULTIPLEFULL or MULTIPLE
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Sub-Account Distribution List Sample
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Account Reference List
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Account Reference List Parameters
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Account Reference List Sample
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Trial Balance Report
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Trial Balance Report Parameters
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Activity
Determines whether the net activity for the period
is displayed in a single column or displayed in
separate debit and credit columns
Determines whether the net activity for the period
is displayed in a single column or displayed in
separate debit and credit columns
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Negative
Lead
Trail
Parentheses
Bracket
CR
Lead
Trail
Parentheses
Bracket
CR
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Credits
Used in conjunction with the Negative field
Determines how negative amounts are shown when they appear in a credits -
only print position
Used in conjunction with the Negative field
Determines how negative amounts are shown when they appear in a credits -
only print position
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Show 0.00 Accounts
Determines whether accounts with 0.00
amounts in all printing columns are to be
reported
Determines whether accounts with 0.00
amounts in all printing columns are to be
reported
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Show Details?
Determines whether or not you will see detail about this account value
Determines whether or not you will see detail about this account value
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Totaling Options
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Trial Balance Report SampleShow Details = Yes
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Trial Balance Report SampleShow Details = No
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Worksheet for Trial Balance Report
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Worksheet for Trial Balance Report Parameters
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Worksheet for Trial Balance Report Sample
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Posting Journal
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Posting Journal Parameters
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Start/End Batch Number
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Source
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Posting Journal Sample
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History of Posting Transactions
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History of Posting Transactions Parameters
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Source Summary
Determines whether transactions for all accounts are summarized by posting
source and period
Determines whether transactions for all accounts are summarized by posting
source and period
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History of Posting Transactions
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Raw Balance Sheet
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Raw Balance Sheet Parameters
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Raw Balance Sheet Sample
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Raw Income Statement
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Raw Income Statement Parameters
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Raw Income Statement Sample
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Closing
General Ledger Closing Options allow you to terminate, or close, recording of account activity for that period of time
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View/Reconcile Control Log
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Control Log
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Print Control Log
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Year-End Closing
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Fiscal Year Close Parameters
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Fiscal Year
Determines the fiscal year to be closedDetermines the fiscal year to be closed
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Post Retained Earnings?
Indicates whether the retained earnings (if any) batch is
automatically posted
Indicates whether the retained earnings (if any) batch is
automatically posted
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Recalculate Budget?
Determines whether budgets are automatically recalculated to show any
changes from original forecasted amounts and actual amounts
Determines whether budgets are automatically recalculated to show any
changes from original forecasted amounts and actual amounts
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Print Control Log?
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Delete Summary/Details Prior to:
Determines which fiscal year history summary and detail information will be deleted
Information prior to the specified years are cleared
Determines which fiscal year history summary and detail information will be deleted
Information prior to the specified years are cleared
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Delete Control Log Prior to:
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Closing a Fiscal Year - Notes
Closing a fiscal year is primarily a means of posting retained earnings
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Closing a Fiscal Year - Notes
Closing a fiscal year is primarily a means of posting retained earningsDoes not:
Limit further activity in any wayPrevent the closing of a fiscal year due to unposted batchesPrevent posting (or any other activity) in a closed year
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Closing a Fiscal Year - Notes
Closing a fiscal year is primarily a means of posting retained earningsDoes not:
Limit further activity in any wayPrevent the closing of a fiscal year due to unposted batchesPrevent posting (or any other activity) in a closed year
Posting in a closed year could result in the creation of a new retained earnings batch,
Would require another closing of the year
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Summary
View historical posting dataReview the various reports and journals available in the Ledger modulePerform the procedures used to close a fiscal period and a fiscal year
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For More Information…
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