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Straight line depreciation is one of the most common methods used when depreciating assets. Have you ever wondered about the list of conventions, and what they mean, and what they do? I hope these explanations help you understand which depreciation convention...
Have you ever wanted a record, or a group of records just gone? I mean completely gone. This is something you can do in The Financial Edge. We call it purging records. Why would you want to purge records? There are a variety of reasons. You may need to...
So your organization just got a brand new vehicle or other asset and you want to record this in The Financial Edge. However, there is still some information that you do not have about the asset, such as how you want to handle the depreciation basis or...
Have you ever had a situation where you need to edit a whole list of records? There are many ways you can do this, from editing each record individually, to global change , to import . But what if what you are trying to accomplish can't be done with...
I am going to share with you one of my favorite tips for importing. It’s called the browse button. This button will give you examples of what the import will take for a particular field. On the Fields tab of the import parameter, highlight an import field...
Ever wonder, "How am I going to get a list of this information?" Oftentimes, you need to pull data from our system, but how can you? These are the times to look to a query. What is a query? Queries retrieve raw data and present it in a list...
A list of procedures and rules can improve your data's consistency and quality, and save you time and effort when entering data, preparing reports, and reconciling. I recommend compiling the procedures and rules to create a policies and procedures...
One of the most common query questions we get has to do with the static and dynamic format. Which should you choose? Let me tell you a story that will explain the difference. You have two file clerks in the office: Static and Dynamic. You ask them both...
Understanding your depreciation years is important to ensure accurate asset depreciation. When you create your Depreciation Year in Configuration , you define the time frame for the accounting cycle and the number of periods that make up the cycle for...
"Oh man, I didn’t mean to print that !" Have you ever said that when you validate or post and the report prints? Would you rather see it on your screen instead of wasting paper? Well, you can and it’s easy! Simply select Tools, Options from...
At some point we all need to perform the dreaded reconciliation process. It can go smoothly, especially if you reconcile on a regular basis, or can be a headache if you don't reconcile regularly and have inconsistent data entry. The Transaction Business...
Do you ever notice your workstation task manager shows The Financial Edge is not responding? Just because it shows not responding on your workstation doesn't mean that FE has stopped working. Many times the process is still running on the server....
Do you find yourself frequently running the same saved reports, such as Financial Statements or the Open Invoice Report? Did you know you can save time by adding a shortcut to saved reports on your Navigation Bar for quick access? Well, you can, and it...
Each month we keep track of the top questions you ask. This FAQs list includes GL, AP, AR, CR, FA, and general FE questions. To see the FAQs broken out by individual module, review The Financial Edge FAQs on our website. Here are the top FE questions...
Have you ever needed to distribute to multiple projects? This is something you can easily do in FE for projects, classes, transaction codes, or transaction attributes. I'm going to call these transaction characteristics. Here's how. On the GL...
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