Transaction Center Overview

Use the Transaction Center to enter and maintain data for transactions such as disbursements, expenses, invoices, and vouchers.

The availability of each transaction type depends on the access rights assigned to your user role in Vision Security.

The Transaction Center provides checks and balances that prevent you from entering invalid or inappropriate data, and that help ensure the integrity of the data in your system. After you enter transaction information, you can review and, if necessary, revise your transactions. When you are satisfied that the data is accurate, you can post the transactions to make the data available for processing and reports.

If your firm uses the Multicompany feature, you can process transactions within a single company or set up Vision to support transactions across companies.

If your firm uses the Multicurrency feature, you can enter and process transactions using any currency set up for your company. You establish exchange rates and dates in General Configuration.

Webservice APIs are available for transaction entries of different types. These APIs provide functionality similar to the Webservice APIs available in the Info Centers. See the document Deltek VisionXtend Web Services and APIs for Deltek Vision for more information. This document is available on the Deltek Customer Care Connect site.

Related Topics:

  • Checklist: Entering and Posting Transactions
    Before you use the Transaction Center, you may find it helpful to review a checklist for an overview of the transaction process.
  • Transaction Types and Automatic Postings
    The Transaction Center has two types of entries that can occur as either debit or credit entries, implicit and explicit entries.
  • Setting Up Recurring Transactions
    If you have transactions that occur each accounting period with little or no difference in content (such as journal entries for depreciation, utility bills, or payroll entries), you can create recurring transaction files to help speed your transaction entry for these items each month.
  • Automatic Numbering for Transactions
    Use the Transaction Auto Numbering feature to have Vision automatically assign check, reference, and voucher numbers when you enter transactions and process payments.
  • Transaction Date Validation
    For companies operating in some countries, transaction dates must fall within the currently active accounting period. You can set Vision up to enforce this requirement, either for the fiscal year or for the fiscal period.
  • Approval Process for the Transaction Center
    Transaction files that you enter in Transaction Entry require approval before they are posted only if you configured Vision to require transaction entry approvals.
  • Security and Vision Transactions
    Your system administrator uses Role Security to specify the types of transactions that a role can access, as well as the functions that the role can perform for each transaction type.
  • Transactions and Employee Multicompany
    If you are using the Multicompany feature and an employee is associated with multiple companies, the employee's timesheet and expense report transactions are only processed for the record that belongs to the active company.
  • Transaction Entry Overview
    In Transaction Entry, you create transaction files and the records within them, modify the contents of existing transaction files, set control totals, and establish recurring transactions. You can also delete transaction files, if needed, and unlock locked transaction files.
  • Transaction Lists Overview
    Transaction lists are printouts of the transaction files that you create in transaction entry. To reduce the chances of posting inaccurate data, review transaction lists before you post data to the database.
  • Transaction Posting Overview
    When you post the transaction files in Vision, you make the data a permanent part of your database. Posting updates your general ledger, subsidiary ledgers, and project files; it also allows you to generate up-to-date reports.
  • Posting Logs Overview
    Use a posting log to view all posted information for a batch of transactions. Vision produces a posting log each time that you post a transaction file.
  • Posting Review Report
    The Posting Review Report provides a list of all transaction entry files that were posted for a specified period.
Parent Topic: Welcome to the Deltek Vision Help System