Automation Types
- Automation types with * alongside their name have not yet been finished.
Accruals
- An accrual is a recognition of money that will be owed in the future and what it will be spent on. There are three types available: accrual purchase order, accrual GRN and Purchase Invoices. The process for running each type is the same.
Contact Number Reset *
Deferred Income *
Disbursements
- Disbursements are your expenses that you charge out to your customers
Elimination *
FX Realised
Foreign exchange (FX) realised documents are used to enter a correction on fully allocated purchase or sales documents where the currency outstanding balance is 0 but the base currency is not.
A FX gain or loss occurs due to exchange rates fluctuating between the document date and the cashbook date.
Interco: Journal
Interco: Purchase
- There are 3 Interco purchase to sale types: credit note, invoice and write off. All three types have the same process to run and share identical parameters.
Interco: Sale *
- There are 3 Interco sale to purchase types: credit note, invoice and write off. All three types have the same process to run and share identical parameters.
Interco Tax
- This automation will create the manual journals to reflect the intercompany postings.
Multi-Co Purchases
- An example of when this would be used is a Multi-academy Trust (Legal Entity A) which has multiple Academies (Legal Entity A & Legal Entity B). Imagine a Lift Maintenance Supplier has serviced the lifts at many of the Academies but only sends one invoice which relates to the work at the various Academies.
- Using the above example, the Supplier purchase invoice is entered against Legal Entity A and each line of the invoice identifies the work at another Academy (Legal Entity B).
- If the Interco attribute is on the posting line (optional) and the following setup is complete, Multi-Co Purchase manual journals will be automatically created upon posting of the Purchase Invoice.
Penny Corrections
- There are 2 penny correction types: purchase and sale. Both types have the same process to run and share identical parameters.