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You may find it helpful to review background information about topics such as transaction center approvals, labor cross charge setup, tax regions, and tax auditing.

Related Topics:

  • Transaction Center Approvals
    Use the Transaction Center approval feature if you want employees to submit transaction center entry files for approval before the files are posted.
  • 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.
  • Special Projects for Labor Cross Charge
    As part of Labor Cross Charge configuration, you must create one or more projects to use with Labor Cross Charge, and reference them with each organization that uses Labor Cross Charge.
  • Billing Terms and Labor Cross Charge
    If you select Calculate from > Billing Terms in the Rate Method field on the Cross Charge tab of Accounting Company Settings, each project/phase/task's billing terms is used to calculate the journal entry amount to transfer a labor or other amount.
  • General Ledger Accounts for Journal Entries
    If your firm uses an approach that transfers any amount other than labor cost, you must decide which general ledger accounts to use for journal entries.
  • Originating Vendors
    For line items that you enter for employee expense reports, accounts payable vouchers, and accounts payable disbursements, you can enter an originating vendor (if appropriate), in addition to the actual employee or vendor who is getting directly paid.
  • Tax Regions Overview
    Tax regions allow you to configure Vision to include only the appropriate tax codes for a vendor or client in the Tax Code drop-down list in AP voucher entry, AP disbursement entry, and invoice billing terms.
  • Tax Auditing Overview
    Use the Tax Auditing feature to enter certain input taxes in Vision and to report on taxes from billing invoices and purchase orders.
Parent Topic: Accounting Company Settings Overview