Software > Accounting > 103.1 - Finance-Accounting Master File
We use a "Finance-Accounting Master File" for storing basic accounting related information.
Most people are currently storing this kind of data in the software with their General Ledger. Technically this could be included in that file, but we have it in a separate file because we start a new General Ledger file each year, and because it just seems to be less crowded in this file by itself.
Most people are currently storing this kind of data in the software with their General Ledger. Technically this could be included in that file, but we have it in a separate file because we start a new General Ledger file each year, and because it just seems to be less crowded in this file by itself.
Autopays
Tracking auto pays is critical for those times when your credit card company says "hey, for your security, here's a new card!"... Ugh. right? Sure, you can scan your General Ledger or memorized transactions for those items, but you're giong to need to them make a list of them so you can track the updates made... and if that's the case, why not just keep the list handy to start with? Likewise, a list helps catch quarterly and annual items that are not as easy to identify on a quick scan of a GL.
Checking Details
This tab is used to track all checking account information. We also use a unique system for "monthly monitoring" of transactions and a log of visual inspection of the statements is kept for reference. This simple system enables business owners to very quickly monthly habit to keep a much better pulse on their cash flow and business at a glance and without having to assign transactions categories to each transaction prior to getting this glimpse at their financial world.
The hiding of rows like between 8 and 21 enables the user to use this for many years but they can hide past info that is of less relevance. Having all this information on a single page is very, very handy for cash flow management. This is a report format you don't get with normal accounting packages and it provides a user with a feeling of control at a glance. This enables management by anomaly and exception much easier.
The hiding of rows like between 8 and 21 enables the user to use this for many years but they can hide past info that is of less relevance. Having all this information on a single page is very, very handy for cash flow management. This is a report format you don't get with normal accounting packages and it provides a user with a feeling of control at a glance. This enables management by anomaly and exception much easier.
Credit Card Details
This is the same as the Checking Details but for Credit Cards
Other
We have an other tab for miscellaneous information.