This guide introduces the main aspects of the aACE accounting functionality. It is intended for general users.
This module is where you choose system settings that define functionality and behavior throughout the Accounting system.
This module is the source of the Balance Sheet and Income Statement reports. It stores the Chart of Accounts.
This module is a tool that allows you create and store working budgets. You can budget by office or by department and cover any period of time needed.
The General Journal is used to move funds between accounts, correct errors, account for indirect expenses, reconcile costs and labor, etc.
The General Ledger contains one record for every transaction that impacts accounting regardless of the source journal (e.g., Invoices, Purchases, Receipts, Disbursements, or General Journal).
The Check Register is in the familiar register format with “Deposits” (debits) and “Withdrawals” (credits) organized left to right. It also shows additional bank statement reconciliation detail.
The Bank Statement Reconciliation module is used to reconcile book balances with bank balances.
Tax Profiles are used to mange sales tax rates and exceptions.
The Commission Statements module is used to track and approve commission payments to your sales staff. It gives you the flexibility to make manual adjustments and to approve partial payments. In the event you need to split payments, the system automatically tracks any unpaid balance.
The Recurring Transactions module stores records of transactions that are set to automatically recur, such as monthly rent.