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The Finance module in Aqxolt ERP Mark 7 provides real-time insight into the overall financial status of the organisation. It provides, automates and streamlines the entire financial management process, as well as simplifies user adoption and processes by its seamless integration. Aqxolt ERP Mark 7 provides a complete suite of components involved in financial processes like General Accounting, Accounts Receivable, Accounts Payable, Commission Accounting and Reconciliation with bank feeds. It has
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Posting of invoices ensures that the transaction has been recorded in the Finance general ledger of the company. If the organisation operates on a cash basis or on an accrual basis, the invoices and payment can be posted at any given time. Whenever invoices are posted, accounts receivable and sales-related ledger entries are created in the system. Similarly, when payments are posted, payment-related debit and credit ledger entries are created in the system automatically. One must ensure
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Navigate to setup and find “Custom Settings” in the quick find box.
Find “Module” custom setting and click the “Manage” button.
Click the ‘New’ button and create a record by name “Finance”, make sure the Run checkbox is selected, this controls the Activation/Deactivation of Finance Module.
Fiscal Year Setup
Navigate to setup and find “Fiscal Year” in the quick find box.
Select “standard Fiscal Year”
Select the fiscal year start