Accounting Transactions and the Transaction Center
Use the Transaction Center to record daily accounting activity.
Use the Transaction Center to enter and post various accounting transactions. Accounting data from posted transactions automatically flows to the chart of accounts, the appropriate subsidiary ledgers, and project records and reports.
- Related Topics:
- Transaction Types
Many transaction processing types are available in the Transaction Center. Each transaction type generates postings to the general ledger. - Transaction Type Codes
When you post a transaction file, Vantagepoint assigns a transaction type code to every transaction in the posted file. The codes help you identify transactions and offer a more secure audit trail. - Journal Entries
Use journal entry transactions to enter payroll, withholding, and absence accrual data, if you are not using the Vantagepoint Payroll application. - Units and Accounting Transactions
Units are goods or services, such as lab tests or survey crews, billed at a flat rate per item. Use a unit if, for example, you charge $90 per hour for a two-person survey crew, no matter who the two surveyors are and how much their labor costs. - Transaction Entry and Posting
Use the Transaction Center to enter and post accounting transactions. - Access to Transactions
In Role Security, you specify the types of transactions that each role can access, as well as the functions that the role can perform for each transaction type.
Parent Topic: General Accounting Concepts