Project "Madeira" includes a standard configuration of most financial processes, but you can change the configuration to suit your business.
Also, if you chose not to apply the standard configuration, you must add your own configuration. For more information, see Setup.
The default configuration includes a chart of accounts and standard posting groups that make the process of assigning default general ledger posting accounts to customers, vendors, and items more efficient.
The following table describes a sequence of tasks, with links to the topics that describe them.
| To | See |
|---|---|
| Apply incoming payments, reconcile bank accounts during payment application, and collect outstanding balances. | Manage Receivables |
| Make payments, apply outgoing payments, and handle work with checks. | Manage Payables |
| Reconcile bank accounts and transfer funds between bank accounts. | Manage Bank Accounts |
| Understand the general ledger and the chart of accounts. | The General Ledger and the Chart of Accounts |
| Add dimensions for richer business intelligence. | Dimensions |
| Use account schedules to get detailed insights into your financial data. | Account Schedules |
| Recognize revenues and expenses in other periods than when the transactions were posted. | How to: Defer Revenues and Expenses |
| Import salary transactions from your payroll provider into the general ledger. | How to: Import Payroll Transactions |
| Open a fiscal year. | How to: Open a New Fiscal Year |
| Prepare to close a fiscal year or period. | Close Years and Periods |
Set Up Core Financial Processes
Sales
Purchasing
Close Fiscal Periods
Work with General Journals
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