Summary of Accounting Configuration Settings

If you are new to Vision, you may find it helpful to review the configuration settings related to Accounting.

Configuration Area	Description
Accounting System Settings	Set up the following accounting options that apply to all the companies of in your enterprise: Timesheets Posting Reporting Invoices Detailed subledgers for intercompany billing Account status messages Default account group tables Labor Categories Project Budgeting
Accounting Company Settings	Set up the following accounting options that apply to a specific company in your enterprise: Expense payments Revenue Generation Company and intercompany accounts Posting Organizations Timesheets Job costing Payroll interface (ADP, Paychex, or Ceridian Powerpay) Cross Charge Tax Auditing Gains and Losses Transaction Center Approvals
Intercompany Billing	If you use the Multicompany feature, you can share employees among companies while you maintain accounting for both labor and expense charges associated with shared work efforts. For example, an employee from one company can charge time or expenses to another company through timesheets and expense reports. Intercompany Billing makes it possible to track these charges. You can also enable the Detailed Subledgers feature to facilitate creation of intercompany invoices and Accounts Payable vouchers. Intercompany invoices and Accounts Payable vouchers do not affect the General Ledger; they are designed to help you track intercompany transactions. The final versions of the intercompany invoices and intercompany Accounts Payable vouchers that you create are available to post in the Transaction Center.
Employee Types	Set up employee types and assign those types to accounts.
Time Analysis and Benefit Accrual	Set up the following: Time Analysis report headings Projects to include on the Time Analysis report Benefit Accrual codes
Accrual Schedule	Specify the number of accrual hours that an employee earns over various time frames.
Tax Codes	Set up tax codes and apply the codes to the appropriate billing category.
Banks	Set up bank codes to use when you enter cash-related transactions in Vision. You also can set up: Bank entries for miscellaneous fees and bank charges Settings for the import file when importing bank transactions into Vision Information for processing payroll and employee expense direct deposits (NACHA electronic funds transfers). Export to text file format information (for accounts payable and employee expense payments).
AP System Settings	Set up the following accounts payable options that apply to all the companies of in your enterprise: Voucher numbers Payment payee Project level options Vendor types Expense codes
AP Company Settings	Set up the following accounts payable options that apply to a specific company in your enterprise: Default payment terms Voucher numbers Payment templates Liability codes Vendor codes Discount codes
Accounts Receivable	Set up ledger headings and to map invoice and accounts receivable accounts.
Overhead Allocation	Determine how overhead expenses are allocated.
Labor Codes	Set up labor codes to classify the types of work that your employees perform. Employees post time to labor codes.
Cash Flow Statement	Set up the headings and accounts for a GAAP Statement of Cash Flows. In Vision, this report is known as the Cash Flow Statement.