Implementing GoldFinch Accounting Overview

Accounting Setup

• Configure GL Accounts
• Configure Account Posting Setup
• Configure Accounting Variables
• Create Accounting Periods
• Configure Multi-Ledgers
• Configure Multi-Currency

Accounting Object Maps

• Accounting Object Maps

Inventory Costing

• Costing Method Considerations
• Accounting Posting with FIFO Costing Method
• Trace and Understand COGS from Sales Invoices

Accounts Receivable

• Accounts Receivable Setup
• Creating Customer Receipts
• Applying Customer Receipts
• Applying Sales Credit Memo
• Managing Bank Deposits
• Customer AR Aging Report
• Customer Activity Statement Report
• Customer Outstanding Statement Report

Accounts Payable

• Accounts Payable Setup
• Creating Vendor Payments
• Applying Vendor Payments
• Applying Purchase Credit Memo
• Printing Checks and Remittances
• Posting Vendor Payments and Applications
• Vendor AP Aging Report

Process General Journal

• Process General Journals

Recurring Transactions

• Recurring Transactions

Bank Reconciliation

• Bank Reconciliations

Fixed Asset Management

• Fixed Asset Management

Financial Reporting

• Financial Report Setup
• Financial Reports
• Cash Flow Statement
• GL Inquiry
• Working with GL Budgets

Financial Consolidation

• Consolidation Setup
• Process Intercompany Transactions
• Consolidation Period End Closing

Month-End Closing

• Month-End Closing
• Daily Adjust Cost Routine
• Inventory Analysis

Year-End Closing

• Year End Closing