by Ascent ERP | Aug 12, 2022 | Financial Management
Item Groups serve many purposes in Ascent. First of all, it is a mandatory field on the item master. You cannot create an item master record until there’s an item group referenced in that field. However, there’s an Admin Setting that will allow you to circumvent...
by Ascent ERP | Aug 12, 2022 | Financial Management
Overview This document will serve to illustrate the process of applying multiple payments/credits against a specific invoice. Definition: Pay on the Sales Invoice screen allows you to apply cash entries and credits. Ascent can create the following records, depending...
by Ascent ERP | Aug 10, 2022 | Financial Management
Overview This document will serve to illustrate the receipt of payment against a specific invoice. Definition: Receiving Payment on the Sales Invoice screen creates cash entries, as well as applied cash receipts records. Cash Entries consist of a single record, which...
by Ascent ERP | Aug 10, 2022 | Financial Management
Overview General Ledger accounts are required in Ascent if you wish to create journal entries for each translation that has financial implications. Of course, you would need to have AFP (Ascent Financial Platform) installed first. To create a general ledger account,...
by Ascent ERP | Aug 10, 2022 | Financial Management
Overview This document will serve as an overview of the cash entry functionality available to record a cash receipt, whether it be cash, check, or some other payment method, but not against a specific sales invoice. Definition: Cash Entries are objects/records in...