Overview:
The Chart of Accounts window lets you add new general ledger accounts by establishing a unique name and account number for each account and entering information about the account's status, classification, and type. If your organization is a Multi-Currency user of PENTA, you can also indicate the currency in which the account is denominated. After entering this information, you can validate the account for all or select organizational units. This window also allows you to query and modify existing accounts, including inactivating accounts that are no longer used.
Benefits:
- Provides an accurate record of all financial transactions
- Aids in compiling key financial statements
- Provides the ability to authorize general ledger accounts for one, some, or all organizational units
- Provides subledger requirements and ensures the ledger is always in balance with the subledger details
Roles:
- Accounting Manager
- CFO
Additional Content
- Add additional content here as needed
- Example: Video may not cover the details of on us information in the bank account information window. A link to a KCS article should be listed that contains that detailed information that is relevant to this topic
Location:
- Financial & Accounting > Setup > Accounts > Chart of Accounts
Video:Employee Fringe Benefit Authorization window allows you to record authorization to process fringes that require employee level authorization. You can record authorizations by employee or by payroll class. Fringes with the “Req. Emp. Authorization” field set to Y in the Payroll Classes window require authorization in the Employee Fringe Benefit Authorization window to be processed on payroll checks.
Benefits:
- Allows for exclusion of fringe benefit for most or some employees
- Enables the setup and utilization of Fringes that only apply to certain members of a pay class
- Assists in setting up unique fringes that would otherwise require additional pay rates/pay classes to set up.
- Allows for the setup of voluntary fringes
Roles:
- Payroll Manager
- Payroll Clerk
Additional Content
Location:
Payroll> Employee> Employee Fringe Benefit Authorization
Video:
<iframe src="https://player.vimeo.com/video/322024179?title=0&byline=0&portrait=0" width="640" height="360" frameborder="0" allow="autoplay; fullscreen" allowfullscreen></iframe> <p><a href="https://vimeo.com/322024179">Employee Fringe Benefit Authorization</a> from <a href="https://vimeo.com/user90233464">PENTA Academy</a> on <a href="https://vimeo.com">Vimeo</a>.</p>