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      Reasons - Overview

      Accounting reasons are used to capture the specific reason why an adjustment that will affect the general ledger is being recorded. You will create a customized list of accounting reasons that include the following:

      • Stock Adjustment Reasons: Stock adjustment reasons are used to explain why a stock adjustment is being done. Stock Adjustments are associated to specific General Ledger accounts so you can dictate where a stock adjustment will get posted based on the reason for the adjustment. You may also default the posting to the COGS account for the item.

      • Credit Memo Reasons: Determines which GL account is impacted.

      • Discount Reasons: Anytime you discount an item in any type of order or POS transaction you must select a discount reason. The application tracks and reports all discounts by reason and employee.

      • Statement Charge Reasons: Statement charge reasons are added to statement charge, and they determine which GL account the statement charge is posted to.

       

      Create a new stock adjustment reason

      1. Open the Stock Adjustment Reason tab on the Administration screen (Administration > Inventory > General Setup > Stock Adjustment Reasons).

      2. Click Add. The Stock Adjustment Reason screen appears.

       

      1. Reason: Enter a description of the reason. Remember, this is how users will select the stock adjustment reason.

      2. Select an accounting option.

      • Use the Items Cost of Goods Sold Account: Select this option if you want all stock adjustments with this reason to post to the default COGS account set up at the Product Line level.
      • GL Account (Expense): Select a specific GL account if you want all stock adjustments with this reason to post to a specific GL account.
      1. Click OK when complete to save the stock adjustment reason.
      • Merging duplicate inventory items automatically creates a new stock adjustment reason. When you merging duplicate inventory items, the system automatically creates a new stock adjustment reason. 

       

      Create a new credit memo reason

      1. Open the CR Memo Reason tab on the Accounting Setup screen (Administration > Accounting > General Setup > Credit Memo Reasons).

      2. Click Add.


       

      1. Enter a Description of the credit memo.

      2. Select a GL Account, or click Add Account to create a new GL account.

      3. Click OK when complete.

      • Now that the credit memo reason has been created, you can use the New Credit Memo screen to create a credit memo using the new credit memo reason
       

      Create a new discount reason

      1. Go to Administration > Sales > General Setup > Discount Reasons.

      2. Click Add.


       

      1. Type in the Discount name.

      2. Select the Discount GL Account from the pull-down menu.

      3. Click OK when complete to save the new discount reason.

       

      Create a new statement charge reason

      1. Open the Statement Charges tab on the Accounting Setup screen (Administration > Accounting > General Setup > Statement Charge Reasons).

      2. Click Add. The New Statement Charge Reason screen appears.

       

      1. Description: Enter a description of the reason, e.g.  NSF Fee, Statement Fee or Bounced Check.
      • The description prints on the customer statement.
      1. GL Revenue Account: Select the GL account that is credited when the statement charge is assessed.
      • Generally, this is a revenue account, but you can select any account
      • Add Account: Click Add Account to create a new account.

      1. Click OK when complete. The Reason is now available when adding new Statement Charges.

      • Once you have created a statement charge reason.
         

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