Accounting Overview
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 the Accounting Info Center to set up your chart of accounts, which you use when you enter and track your accounting transactions.
Related Topics
- Accounts Payable Overview
Use the Accounts Payable application to process vendor payments as checks or electronic funds transfers, and to process 1099 forms. - Employee Expenses Overview
Use Employee Expenses to reimburse employee expenses, pay employee advances, and set up direct deposit transactions for employee expense reimbursements. - Voiding Checks
Use the Void Check feature of Accounts Payable to void a paper check or electronic funds transfer payment. - Accounts Receivable Overview
In Accounts Receivable, you review invoices and define aging columns. You can also review existing comments about accounts receivable or add new comments. - Budgeting Overview
In Vision you can budget labor and expense costs for projects and enter corporate (general ledger) budgets. If you use the Multicompany feature, you can also work with consolidated GL budgets. - Cost/Pay Rate Tables (Effective Dates) Overview
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 Overview
Consultant Accruals allows you to budget consultant expenses, post accruals for those consultants, and then generate a report. - Labor Cross Charge Overview
Labor cross charging is the transfer of labor expense and associated revenue between different organizations within your firm. 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 Overview
If your firm uses the Multicompany feature, you can share employees among companies and maintain accounting for both labor and expense charges associated with shared work efforts. - Overhead Allocation Overview
Overhead Allocation is the practice of distributing indirect costs to revenue producing contracts. - Adjust Salaried Job Costing Overview
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 Overview
Use Bank Reconciliation to review and reconcile your General Ledger activity such as accounts payable checks, payroll checks, cash disbursement checks, accounts payable disbursement checks, cash receipts, employee advance and expense checks, and employee repayments for a specified bank code. - Check Review Overview
Use Check 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 Overview
Use Project Review to see an overview of a project's numbers without running a report. - Gains and Losses Overview
If you use Multicurrency, you can set up Vision to calculate and post currency exchange gains and losses. Vision 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 Overview
If you use the Multicompany feature, you can generate consolidated versions of the General Ledger reports to show financial data for a group of companies within your firm or for the firm as a whole. - Tax File Generation Overview
Use Tax File Generation to produce files that contain tax reporting information. - Revenue Generation Overview
Because Vision is an accrual-based system, you can use Vision's Revenue Generation 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).
Parent topic: Welcome to the Deltek Vision Help System