wat is auto accounting

Answer Posted / 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
defined.

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       View All Answers


Please Help Members By Posting Answers For Below Questions

Our is a banking Activity, one person is supplying printing advertisement sheet of our product, whether he is liable to deducte TDS @ 1%

1395


India me ,suppose that hmare pass 190000 Rs hai,to kitna tax lgega,or kis heshab se lgega,

1672


Is it possible contra entry in SAP FICO

1768


What is the meaning of scrap value in accounting?

703


What qualifications have you achieved?

625






Mention what are things will not be included in a bank reconciliation statement?

662


what is addition of Opening Balance and net profit transfered from profit and loss account called

1514


my interview is on tuesday so i just want to know everything about the interview like which type of question they will ask me as i completed m.com . please helm me plz plz

892


what is miscellaneous expenditure??

4931


What is liabilities and what all does include in current liabilities?

611


how intangible assets are entered in B/s. plz send me the answer of this question in my e-mailid-prabhatsingh873@gmail.com

1604


How can pass reverse entry to close the account. If the Asset sides is greater then liabilities side and vice versa, then what can I do.

1392


My question is.. I Received the amount from party through the bank. example. 1. Actual received from party $1000 @ 32.70 = 32,700 baht(service charge included ) 2. Bank Charge 500 baht 3. Given the credit to pary $ 1000 @ 32.50 = 32,500 baht 4. and bank charge 500 debit on party account also. .... For the First three transacion on account bank account dr 32200 bank charge dr 500 party cr 32,500 ex. fluxation cr 200 how can treate the 4th transaction. thanks in advance

1407


WHAT IS THE VAT/CST RATE FOR PURCHASING COMPUTER/PHERIPHERALS FROM GUJARAT AGAINST C FORM, FOR DIU (UNION TERRITORY) AND WHAT RATE OF VAT/CST I HAVE TO PAY IN DIU FOR SALE.

2914


How Many Accounting Principale

1328