Related Video Content: This video teaches you how to create an accounting period and steps to take in order to close an accounting period. Details: An accounting period is a time frame in which financial activity takes place. - Accounting periods can be created by year, quarter etc. rather than by month. - When considering how f...
Create Accounting Period
Reopen Accounting Period
Related Video Content: This video discusses how multiple stores or revenue centers can impact your general ledger.
Related Video Content: Details: In order to have any transaction in Evosus Enterprise recorded in the general ledger, you must complete a posting process. The general ledger is the basis of all financial reports so it must be kept current. You can manually or automatically post transactions, but you must post in order to compl...
Posting to GL
Posting Activity Report
Related Video Content: Details: 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 includes the following: - Stock Adjustment Reasons: Stock adjustment reasons are used to explain why a stock ...
Stock Adjustment Reasons
Credit Memo Reasons
Statement Charge Reasons
Related Video Content: Details: You can create recurring transactions for AP invoices, credit card transactions, and journal entries. To do this, create and save a transaction, and then select the transaction that you just created and click the 'Make Recurring' button on one of the following screens: #1 AP Invoice - New Bil...
Credit Card Charge
Search Recurring Transactions
Details: Retained earnings is an account on your income statement that holds your profit/loss from year to year. With each new year, the revenue and expenses must be cleared out to begin accruing for the new year - the balances are moved to retained earnings. In Evosus, retained earnings will automatically increase/decrease when the last accou...
Related Video Content: Why is it important to consider your product lines when building your chart of accounts? Why is it important to consider your stock sites, cash on hand accounts, and payroll accounts when building your chart of accounts? Details: The chart of accounts is a listing of all the accounts of the company. When you cr...
Chart of Accounts
Setting up Chart of Accounts
Update Chart of Accounts
Inactivate Chart of Accounts
Related Video Content: In this video, you learn how to setup statement messages. Statement messages are predefined text that automatically prints on customer statements based on the aging period of the oldest transaction.
Details: We don't provide instructions on year-end closing because each company has a unique year-end closing and should consult with their accountant. Proceed as usual with month end closings; but in consideration of the year end, avoid changing or manipulating any numbers. When you close the last month in the fiscal year, the revenue an...
Issue: You want to enter a budget top level only and not have it broken down by store or month. Can you change the parameters to do this? Resolution: When you run the Standard Income Statement, it rolls all the budgeted amounts from all stores into a single budget number anyway, so you can simply create a budget and put your total into on...
multiple store budget
Details: The Pending Held Posting Transactions displays a list of all transactions in Evosus currently “on hold” (Administration > Accounting > Accounting Desk > Pending Held Posting Transactions). These transactions will not post until they are manually taken off hold or activity occurs to take them off hold, such as negative quantit...
Pending Held Posting
Negative Inventory Hold
Physical Count Hold
Related Video Content: Use the Pay Methods tab on the Accounting Setup screen to create and maintain both outgoing payment methods and collections, e.g. vendor invoices, customer refunds, and customer payments. Step by Step: Create a payment method Step 1: Open the Pay Methods tab on the Accounting Setup screen (Administration > ...
Automatic Bank Deposits
Related Video Content: In this video we cover how to set up your Check Type and adjust where the check fields are located on your checks. Step by Step: Set up check writing - Non-MICR Step 1: Go to Administration > Accounting > General Setup > Check Writing Setup. Step 2: Check Type - Select the check type that you use. Th...
Related Video Content: Use the General Journal Entries screen to create manual journal entries. For example, you can create a manual journal entry to fix an incorrect posting, enter data that was not transacted in the system, or create month or year end adjustments. Step by Step: Step 1: Open the General Journal Entry Search screen. ...
Recurring Journal Entry
Step by Step: Use the Chart of Accounts Mapping Tool to import a chart of accounts from an MS Excel or OpenOffice spreadsheet. The imported GL accounts appear on the screen, and then you can drag and drop the GL accounts into the correct categories/subfolders. The imported GL accounts are not automatically assigned to a category, or subfolder....
Import Chart of Accounts
Chart of Accounts
Details: Use the Accounting Defaults screen to set up the defaults on Accounts Receivable, Accounts Payable, Inventory, Accounting, and Finance Charges (Administration > Accounting > General Setup > Accounting Defaults). Defaults include default posting accounts for the above areas, inventory costing methods, and the beginning month o...
Destination Based Tax
Related Video Content: Details: The Trial Balance summarizes account balances of the General Ledger as of a specific point in time (Administration > Accounting > Accounting Desk > Trial Balance). All active accounts that carry a balance will appear on the report in account order. Inactive accounts will also appear if they con...
Pre Posting Report
Related Video Content: Details: The Income Statement is the most frequently used financial statement (Administration > Accounting > Accounting Desk > Income Statement). This report summarizes the company's Revenues and Expenses according to functional classification and department. The Income Statement reflects key opera...
Related Video Content: Details: The Balance Sheet is a primary financial statement that presents the companies Assets, Liabilities, and Equity as of a specific date in time. - Assets: Items possessing service or use potential to an owner or business. - Liabilities: Claims against asset, debts, or obligations owed by one entity (...
Step by Step: Use the Budget Add screen to create a new budget. You must create a budget before you can enter budget numbers. When you create a new budget, it is automatically set up with an Active status. This means you can run comparisons on the Income Statement using this budget. Step 1: Open the Budget Add screen (Administration > Acc...
Details: Use the Edit Budget Numbers menu option to enter budget amounts for each store, accounting period, and GL account. Account analysis can also be done with this screen to determine accuracy of the budget. Copy budgets to save time and reduce data Rather than manually entering in the budgeted amounts, you can copy an existing budge...
Step by Step: Use the Search Budget screen to add new budgets, update budget numbers, update the name or status of an existing budget, mass adjust current budget numbers, copy an existing Budget or print a Budget report. Create a Budget For instructions on how to create a budget Click here. Update Name & Status Step 1: Click ...
Related Video Content: Details: Use store classes to group stores together for reporting purposes, e.g. sales, service, and construction. Financial statements can be grouped by store class for a comprehensive comparison. For example, assume that you operate three retail stores, one construction department, a service department ...
Add Store Class
Starting with version 6.7.301, Evosus is integrated with Zip-Tax to provide clients Destination Based Tax (DBT). This integration includes a web API real-time lookup of tax rates for customers in the United States only based on the customer's zip code in their Ship To address in Evosus. Important Note: - Destination Based Tax (DBT) i...
Sales Tax Due
Destination Based Tax
Ship to address