Accounts |
Top Previous Next |
|
Polygon Back Office includes features for managing a number of different account types including Client Accounts, Ledger Accounts and Bank Accounts. These account related features are accessible from the Accounts menu in Polygon Back Office. This chapter covers the following features which are accessible from the Accounts menu. Click on a link below to view additional information about this feature. •Chart of Accounts - Polygon Back Office complies with the standard double entry method of book keeping. The chart of accounts allows management of Revenue, Expense, Cost, Assets, Liability and Equity accounts; •Department Accounts File - Available for multi-department users only. Users with a multi-department license can group ledger accounts, POS terminals and stock item transactions into multiple departments; •Quotes File - Polygon Back Office allows generation of quotes which can be printed and provided to clients. Quotes can be applied to client invoices at a later time. The quotes file allows you to manage existing quotes or add new quotes to the system. •Virtual Safe Accounts - The Virtual Safe is an area within your system where all revenue and cash outlays are recorded. For example, all the monies paid by your Clients on credit, all the takings for the day, and any cash expense (such as petty cash expenses, wages paid in cash, supplier invoices paid in cash, etc.). It is called a “Virtual Safe” because its transactions and running balance do not necessarily match the transactions and balance of your physical till. So you need to picture this Virtual Safe as a holding pool for all revenue received and all cash outlays incurred. •Bank Accounts File - Polygon Back Office allows you to keep control of all bank transactions - payments, deposits, cheques, credit cards, loan accounts and investment accounts. •Reference Viewer - The Reference Viewer provides details of each individual transactions recorded in Polygon Back Office;
See Also: Getting Started with Polygon Back Office
|