How to Use Accounting Seed for AR/AP/GL
Overview
GoldFinch is used to manage inventory-related transactions. Accounting Seed is used to manage AR, AP, and GL. Accounting transactions created by GoldFinch are automatically passed to Accounting Seed.
Accounts Receivable
Sales Invoices
When a GoldFinch Sales Invoice is posted, an Accounting Seed Billing record will be automatically created and posted. The GoldFinch Sales Invoice and Accounting Seed Billing records are also linked and users can navigate between them with one click.
Billings
https://support.accountingseed.com/hc/en-us/articles/217018088-Create-or-Clone-a-Billing
Cash Receipts
https://support.accountingseed.com/hc/en-us/sections/203875877-Cash-Receipts
Deposits
https://support.accountingseed.com/hc/en-us/articles/217018798-Make-Bank-Deposits
Accounts Payable
Purchase Invoices
When a GoldFinch Purchase Invoice is posted, an Accounting Seed Payable record will be automatically created and posted. The GoldFinch Purchase Invoice and Accounting Seed Payable record are also linked and users can navigate between them with one click.
Payables
https://support.accountingseed.com/hc/en-us/articles/217023678-Create-or-Clone-a-Payable
Cash Disbursements
https://support.accountingseed.com/hc/en-us/sections/203878137-Creating-Cash-Disbursements
Journal Entries
GL Entries
GL Entries created by posting GoldFinch Sales Invoices and Purchase Invoices are automatically synced to Accounting Seed on Billing and Payable records.
GL Entries created by other GoldFinch functions are synced to Accounting Seed’s Journal Entries and are posted automatically.
These GL Entries and Journal Entries are also linked and users can navigate between them.
Journal Entries
Additional manual Journal Entries can be entered and posted.
https://support.accountingseed.com/hc/en-us/articles/217569767-Create-or-Clone-a-Journal-Entry
Financial Management
Bank Reconciliation
https://support.accountingseed.com/hc/en-us/sections/360011575894-Bank-Reconciliation
Financial Statements
https://support.accountingseed.com/hc/en-us/sections/4403021636499-Financial-Reporter
Setup
GL Accounts
https://support.accountingseed.com/hc/en-us/sections/203894298-Chart-of-Accounts-Setup
GL Variables
https://support.accountingseed.com/hc/en-us/articles/218914578-Create-a-New-GL-Accounting-Variable
Accounting Periods
https://support.accountingseed.com/hc/en-us/articles/217193168-Set-up-Accounting-Periods
Accounting Seed Integration