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IntroductionInstead of a process, this is a concept. There are basically two kinds of accounting methods; a) accrual, and b) cash. The Advantos Enterprise application adhers to Generally Accepted Accounting Principals; that being accrual basis accounting. However, management companies can configure Advantos Enterprise to operate in a cash-basis environment. In order to configure Advantos Enterprise as a cash-basis application, one has to accomplish several tasks:
The A/R mapping file will not be used if the A/P accounting method, in the client file, is defined as "accrual". Remember this! This allows a user to run a cash basis accounting system and have a few clients run an accrual accounting system. |