Deltek Vantagepoint Help

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Accounting

Use the Vantagepoint Accounting application to manage the day-to-day financial activity of your enterprise. You can also generate reports that help you assess project and enterprise-wide financial performance.

The general ledger is the core of Vantagepoint Accounting. The Accounting application also includes a number of subsidiary ledgers (called subledgers) for items such as accounts receivable, employee advances and expenses, and accounts payable. All entries that are posted to these subledgers also affect the general ledger. For example, when an invoice posted in the accounts receivable subledger turns into cash when it is paid, the transaction is posted to the appropriate general ledger accounts as well as to the accounts receivable subledgers.

The Accounting application includes a chart of accounts, which you use when you enter and track your accounting transactions. The Accounting application is integrated with other Vantagepoint applications so that you can budget, manage, and monitor all of your critical financial data, including revenue, expenses, and overhead.

Accounting data from posted transactions automatically flows to your project records and reports, allowing you to assess the financial impact of your transactions on project budgets and performance.