Accounting Transactions and the Transaction Center

The Transaction Center provides you with tools and forms to record daily accounting activity.

Use the Transaction Center to enter and post various accounting transactions. 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.

Related Topics:

  • Transaction Types
    Many transaction processing types are available in the Vision Transaction Center.
  • Transaction Type Codes
    When you post a transaction file, Vision 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 benefit accrual data, if you are not using the Vision 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. 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.
  • 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.
Parent Topic: General Accounting Concepts