Transaction Code Post Date Logic
When transaction codes are configured an Accounting Method is selected that will determine if general ledger entries are created at the time of invoicing and what post date is used when the entries are posted.
- Cash Basis - No G/L entries are created at the time of invoicing and an entry will be made to the Credit Account when cash is posted to the invoice
- Accrual Basis Post When Due - An entry to the Receivable Account will be made at the time of invoicing and the G/L post date will be the due date of the invoice
- Accural Basis Post When Invoiced - An entry to the Receivable Account will be made at the time of invoicing and the G/L post date will be the date the invoice batch was processed (current system date)
Standard Book Value Report - Calculations and Logic
See attachment for details. The attached document details the Book Value logic used on the Book Value report in the Dashboard Reports General Ledger folder. The document defines the Book Value logic for a Capital (Direct Finance) Lease, Operating ...
NEW FEATURE - Bulk Asset Processing - Tax Depreciation Code Update
To address potential issues that could arise from attempting to update tax depreciation codes from the Global Equipment Update from Equipment Work Queues, we have developed a new tool to specifically handle this process. Things to note: - Global ...
Prepaid Invoice Report Logic
The Prepaid Invoice report (in the Dashboard Reports - Invoicing folder) is limited to invoices where the payment Effective Date is less than the Due Date, the payment has been posted and not returned, and the invoice detail record OpenClosedOid is ...
See the attached document for complete information. The attached document goes through all the necessary setup for generating Delinquency in ASPIRE. Processing Delinquency Assessment is covered, as well as setting up reoccurring assessments through ...
Miscellaneous Billing Miscellaneous one-time charges can be billed to a contract by using the Miscellaneous Billing function in ASPIRE. Go to Tasks > Accounts Receivable > Miscellaneous Billing. This is a batch process that will allow the user to ...