Effect of Accounting Type

During property set up, you select a default entity on the General Tab. The entity has an associated accounting type, Cash or Accrual, that is set up on the Entities General tab. Refer to Accounting Type for more information.

During company set up on the General Tab, you select an accounting type for the company: Cash or Accrual. Refer to Accounting Type for more information. 2

For Accrual

Standard Setup - When adding a Property, after you save it, (and give yourself security access to it), the tab Exp. Codes is available for adding expense codes to use with posting rules.

Simplified Setup- When adding a Company, after you save it, (and give yourself security access to it), a tab Accounts & Expense Codes is available for adding GL Accounts, AP Codes,and AR Codes to use with posting rules.

Refer to Posting Rules by Transaction Type for specific information about posting rules for Accrual accounting. This information is provided by transaction type.

For Cash

Refer to Posting Rules by Transaction Type for specific information about posting rules for Cash accounting. This information is provided by transaction type.

Caution

Without setting up posting rules specific to your organization, the system cannot post transactions properly. Setting up posting rules is required.