Accounting

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To understand and appropriately assign User Security Access associated with the setup of the Accounting function

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To correctly setup the accounting function within the ICE Business System prior to the initial activation of the database.

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To understand and appropriately apply the preferred methodology when processing transactions relating to the accounting function

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To understand and correctly interpret the available reports within the Accounting function of the ICE Business System.

Instructions

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ICE V2.30 Update

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General Ledger Accrual Journals

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Accrual entry functionality is available for:

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Journals

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General Ledger Recurring Transactions

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Recurring entry functionality is available for:

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Journals

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Receipts

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Payments

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General Ledger Transaction Reversals

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GL Reversal functionality is available for:

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Journals

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Receipts

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Payments

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Only updated transactions can be reversed.

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When the  reversal process is performed the newly created record will have:

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Date – same as source

(Date can be brought forward)

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Type – same as source

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Reference – same as source with suffix of REV added

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Comment – system generated comment will be “Reversal of ”

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Line Values (Amount) – will have opposite values to the original of the original transaction

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Tax % – same as source

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GST – will have opposite values to the original of the original transaction

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BAS Codes – same as source

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ICE has automatically put the reverse transaction through to the Bank Reconciliation program.

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Next step is to process these adjustments at the Bank Reconciliation level

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ICE V2.25 Update

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General Ledger Drill Down

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GL Enquiry and GL Master forms:

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These forms now offer a drill down facility by double clicking the transactions.

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If the user has the required rights, the appropriate form will open (contained within the current form), to show the entry or entries responsible for the transaction.