Hey blog readers! I found a great post on The Book Bag that I wanted to share with you. If you've liked The Ledger time savers you must check out the Itty Bitty Timesavers post. It lists some great tips and tricks to save you a few seconds here and there. Remember, a few seconds saved on each task...

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 is right for your assets! Full Month Depreciation...

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 purge records to make corrections, such as needing...

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 depreciation amount. While I recommend having all...

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 global change or import and the task seems too...

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 line and then click the Browse button. It’s in...

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 format. It is a grouping tool, not a reporting tool...

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 manual , also known as a data entry guide. The manual...

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 to find accounts that use account code 5555. Static...

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 the life of the asset. Each depreciation year can...