Introduction

Instead of a process, this is a concept. There are basically two kinds of accounting methods; a) accrual, and b) cash. The Advantos Enterprise application adhers to Generally Accepted Accounting Principals; that being accrual basis accounting. However, management companies can configure Advantos Enterprise to operate in a cash-basis environment.

In order to configure Advantos Enterprise as a cash-basis application, one has to accomplish several tasks:

• build a custom G/L chart of accounts
• assign the A/R account#s with an income class code
• consolidate these A/R account#s into their associated income account#s
• maintain the A/R Mapping configuration file
• set the A/P accounting method in the Client Maintenance form as cash-basis..

The A/R mapping file will not be used if the A/P accounting method, in the client file, is defined as "accrual". Remember this! This allows a user to run a cash basis accounting system and have a few clients run an accrual accounting system.