Related Topics Use this section to view special topics related to General Ledger. Related Topics:Reference Numbers The reference number feature enhances the size and flexibility of the Costpoint account/organization structure. You can use reference numbers for two distinct purposes: Intercompany Receivables Intercompany receivables occur when one of your company's organizations incurs a payable or receivable on behalf of another organization. Organizational Security Organizational security gives you the option to set up security at the organizational level. Balance Sheet Revaluation If you use Costpoint Multicurrency and process transactions in currencies other than your firm’s functional currency, Costpoint provides the features you need to comply with Generally Accepted Accounting Principles (GAAP) standards for the United States for the following: Closing The Accounting Period You should always close an accounting period on a timely basis using a standard set of procedures. Closing The Fiscal Year Fiscal year-end procedures are basically the same as those for closing an accounting period, except for some additional steps. Value Added Tax This topic describes how to set up Costpoint to process value added tax (VAT) and how to print data for lines 2, 8, and 9 on the Value Added Tax Report (Print Manage Sales or Value Added Taxes Report screen). Interim And Final Rates Interim rates are claimed indirect pool rates negotiated with the government, but are not yet audited by the Defense Contract Audit Agency (DCAA). Parent Topic: General Ledger HomeAccountingGeneral LedgerRelated Topics
Related Topics Use this section to view special topics related to General Ledger. Related Topics:Reference Numbers The reference number feature enhances the size and flexibility of the Costpoint account/organization structure. You can use reference numbers for two distinct purposes: Intercompany Receivables Intercompany receivables occur when one of your company's organizations incurs a payable or receivable on behalf of another organization. Organizational Security Organizational security gives you the option to set up security at the organizational level. Balance Sheet Revaluation If you use Costpoint Multicurrency and process transactions in currencies other than your firm’s functional currency, Costpoint provides the features you need to comply with Generally Accepted Accounting Principles (GAAP) standards for the United States for the following: Closing The Accounting Period You should always close an accounting period on a timely basis using a standard set of procedures. Closing The Fiscal Year Fiscal year-end procedures are basically the same as those for closing an accounting period, except for some additional steps. Value Added Tax This topic describes how to set up Costpoint to process value added tax (VAT) and how to print data for lines 2, 8, and 9 on the Value Added Tax Report (Print Manage Sales or Value Added Taxes Report screen). Interim And Final Rates Interim rates are claimed indirect pool rates negotiated with the government, but are not yet audited by the Defense Contract Audit Agency (DCAA). Parent Topic: General Ledger HomeAccountingGeneral LedgerRelated Topics