wat is auto accounting

wat is auto accounting..

Answer / dv

AutoAccounting is a powerful, flexible, and time saving
feature that automatically creates your general ledger
Accounting Flexfields. You can set up AutoAccounting to
create Accounting Flexfields that meet your business needs.

When you run AutoAccounting, Receivables

Assigns valid Accounting Flexfields to your invoices and
credit memos.

Automatically generates valid Accounting Flexfields for your
Freight, Receivable, Revenue, AutoInvoice Clearing, Tax,
Unbilled Receivable, and Unearned Revenue Accounts.

Controls how your Accounting Flexfields are created and

Receivables automatically creates default Accounting
Flexfields for your revenue, freight, receivable, and tax
accounts for each invoice and credit memo. AutoAccounting
also creates the proper unearned revenue or unbilled
receivable accounting entries you need when you use
invoicing and accounting rules. You can quickly enter your
invoices and credit memos without worrying about entering
the correct account.

Is This Answer Correct ?    4 Yes 0 No

Post New Answer

More Accounting General Interview Questions

How the Entry passed for Loss of Payment

0 Answers  

Different ways to Query the Invoices

0 Answers   Accenture,

what is minority interest

3 Answers   Capital IQ,

accounting concepts

7 Answers   Capital IQ,

Can u please send me a set of accounting base questoin with answer,genraly ask by interviewer?

0 Answers   Wipro,

What is Tax Audit ? Please Explain.

1 Answers  

what is credit card and what is debit card

2 Answers  

if we have received the bill of telephone and electricity for the period 16th march to 15 april ,what will be the entry for the year ended 31st march '10?will there be any provision entry for this

3 Answers  

Briefly explain the difference between receipt & payment and income & expenditure account.

3 Answers  

What is the Rate of VAT applicable on Electronic & Electrical goods?

6 Answers  

what are examples of non- marketable securities ?

1 Answers  

What is mean by acquired income?

3 Answers