Accounting

Use the Accounting application to track your firm’s day-to-day financial activity. You can also generate reports that help you assess project and firm-wide financial performance.

Use Accounting Settings to set up your chart of accounts, which you use when you enter and track your accounting transactions.

Related Topics:

  • Accounts Payable
    Use the Accounts Payable application to process vendor payments as checks or electronic fund transfers, and to process 1099 forms.
  • AP Invoice Approvals
    In AP Invoice Approvals, you upload accounts payable invoices that you receive from vendors, submit the invoices for approval, and approve or reject the invoices.
  • Employee Expenses
    Use Employee Expenses to reimburse employee expenses, pay employee advances, and set up direct deposit transactions for employee expense reimbursements.
  • Voiding Payments
    You can void a paper check or electronic funds transfer payment.
  • Accounts Receivable
    In the Accounts Receivable application, you review invoices and define aging columns. You also review existing comments about accounts receivable or add new comments. This application is available only if your enterprise uses Billing.
  • Budgeting
    You can budget labor and expense costs for projects and enter corporate (general ledger) budgets. If your firm has multiple companies, you can also work with consolidated GL budgets.
  • Cost and Pay Rate Tables
    The date on which a rate change will occur is the "effective date" of the change. Cost/pay rate tables apply in accounting, billing, and payroll.
  • Consultant Accruals
    Budget consultant expenses, post accruals for those consultants, and then generate a report.
  • Labor Cross Charge
    Labor cross charging is the transfer of labor expense and associated revenue between different organizations within your enterprise. Use labor cross charges when an employee from one organization works on a project from another organization. The cross charge (transfer) allows each organization to match cost with revenue and fairly assess profitability.
  • Intercompany Billing
    If you use multiple companies, you can share employees among companies and maintain accounting for both labor and expense charges associated with shared work efforts.
  • Overhead Allocation
    Overhead allocation is the practice of distributing indirect costs to revenue producing contracts.
  • Adjust Salaried Job Costing
    Use the Adjust Salaried Job Costing (ASJC) feature to create an adjusted hourly job cost rate for each salaried employee for each pay period (timesheet posting).
  • Bank Reconciliation
    Use Bank Reconciliation to import bank transactions into a statement and to review and reconcile your general ledger activity for a specified bank code.
  • Credit Cards
    Use the Credit Cards application to reconcile credit card statements and review credit card charge information.
  • Payment Review
    Use Payment Review to view payments for vendors or employee expenses. Payment details include voucher details for the vouchers included in the payment, along with a link to a report of the employee expenses paid. Details about tax payments are also included.
  • Project Review
    Use Project Review to see an overview of a project's numbers without running a report.
  • Gains and Losses
    If you use multiple currencies, you can calculate and post currency exchange gains and losses. Deltek automatically posts realized gains and losses from foreign currency transactions when you settle the transactions. To calculate and post other currency exchange gains and losses, use the Gains/Losses and Revaluations process.
  • Consolidations
    If you use multiple companies, you can generate consolidated versions of the General Ledger reports to show financial data for a group of companies in your enterprise or for the enterprise as a whole.
  • Tax File Generation
    Use Tax File Generation to produce files that contain tax reporting information.
  • FEC File Generation
    Periodically, companies doing business in France must submit the Fichier d'Ecritures Comptables (FEC) to the taxing authorities.
  • Revenue Generation
    Because Deltek is an accrual-based system, you can use the revenue generation process to recognize project revenue as it is earned (rather than when payment is received) and match it to expenses as they are incurred (rather than when expenses are paid).
  • Approvals Review
    In the Approvals Review application, you can view a list of approval workflow records.
Parent Topic: Deltek for Professional Services® Help