Accounting Basics/Entries
I am Assets, Liabilities, and Owners Equity accounts that show the worth of the dealership.
What are Balance Sheet Accounts?
I use controls to track details of unreconciled balances for things like vehicle inventory, holdback, and CIT.
What is a schedule?
I am found in Cash Receipts, and I match money taken in by the dealership, usually from RO's, Parts Sales and Deals.
What is Bank Deposit?
I AM the AP Schedule.
What is AP Aging Report?
I am where the system stores which accounts to use in Auto Posting.
What is GLAM?
I am Sales, Cost of Sales, Expenses and Income accounts that show the dealership's profitability.
What is an Income Statement?
I am a report that is required when more than $600 is paid to a vendor and is run once a year.
What is a 1099?
I am the process that matches Tekion with your Bank Statement.
What is Bank Reconciliation?
I can be mailed and/or emailed to the customer for payment.
What are AR Statements?
I am the control that should be used for the WIP account for WIP Reconcilation.
What is RO number?
Use this if no control type is needed for an Account (without Control Mandatory)
What is Custom Control?
I am a report that shows ALL Accounts in a list view with the monthly beginning and ending balances.
What is General Ledger Report?
I am the report that needs to be run to do the Bank Deposit.
What is Day Collection?
I allow multiple Vendors to be paid.
What is a Batch Payment?
I am information the OEM requires on the FS but is not generated from GL postings.
What is a Memo Account or Statistical Data?
I allow repeated transactions like Rent to be generrated by number of occurrences, by a specific date, or indefinitely.
What are Recurring Schedules? (Standard Recurring Entries)
I may resemble the FS but can be customized for the DP and be broken out by department.
What is a DOC - Daily Operating Control?
I am a file that can be sent to the bank to prevent check fraud.
What is Positive Pay?
I am ________ setups and also where PO and Bank setups are found.
What is AP Setups?
I allow DPs with multiple locations to post transactions between stores.
What is Inter-Franchise?
I allow Journal Entries to be made for closed months of the current year. This is a feature that support must activate.
What are Prior Period Entries?
The "Bulk" download or print option must be used to generate ALL of these TRANSACTION storing reports. Otherwise just one is shown at a time
What is a Journal Report?
I am NOT Cash, Check or Credit Cards done via Cashiering, but still need to be matched during Bank Deposit.
What are Other GL Postings?
I am where Payment Terms are setup for AP and AR.
What is Vendor Setups?
I allow for Accounting searches from any accounting screen.
What is Control + /?