Tag: Setup
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Asset cards, depreciation books, acquisition posting, disposals, the asset register-to-GL reconciliation, and why the decisions made in FA setup determine whether your asset register and your balance sheet agree at year-end. The Fixed Asset Card — What Every Asset Needs Configured Every physical or intangible asset tracked in BC has a Fixed Asset Card — the master…
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Accounting periods, the close sequence, subledger reconciliations, year-end close, and the habits that separate a predictable two-day close from a month-end that feels different every cycle. How BC Manages Accounting Periods Before you can close anything, you need to understand how BC thinks about time. BC organizes the fiscal year into Accounting Periods — defined in the…
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What dimensions are, how to design them for your management reporting needs, how default dimensions automate the coding, and how Analysis by Dimensions turns your GL data into the answers your leadership is actually asking for. What a Dimension Actually Is A Dimension in BC is an additional classification tag you attach to a GL entry —…
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Bank account setup, the Payment Reconciliation Journal, Copilot bank matching, foreign currency cash, and the reconciliation habits that keep your book cash honest — every period, without the spreadsheet. Bank Account Setup — The Foundation That Reconciliation Depends On Every bank account in BC has a Bank Account Card — the record that connects the physical bank…
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Item cards, item groups, costing methods, locations, item tracking — and why the decisions made on the item card follow every transaction for the life of your system. Why the Item Card Is a Finance Document Operations thinks of the item card as a product record — the place where you define what something is…