🧮 Money Moves & Power Grooves
This Tekion feature lets you see every payment issued by the dealership for any selected time frame.
What is the Payment Register?
The report that shows all payments processed and matched for an accounting period.
What is the Payment Register report?
Before anyone can log in, this must be set up to control their access and approvals.
What is User Setup (or Roles)?
When you want to shore up/ double-check money movement from receipts and payments, you perform this important daily, weekly or monthly process.
What is Bank Reconciliation?
Before parts are received for a repair, this document starts the buying process.
What is a Purchase Order?
When a customer pays in cash, this must be created to officially bring money into the dealership.
What is a Cash Receipt?
This is the backbone list of numbers and descriptions for tracking dealership finances.
What is the Chart of Accounts?
To find any customer, vehicle, or deal quickly, sales reps should use this powerful search feature located in the top navigation.
What is Global Search/Universal Search?
This tool lets you pay multiple vendor bills at once, like dealing a round of payments at the poker table.
What are Batch Payments?
This type of purchase order lets you pay a sublet company for towing or glass work.
What is a Sublet Purchase Order?
After collecting several payments, this function totals them for one trip to the bank.
What is a Bank Deposit?
This tool lets you quickly hunt down a transaction using just a keyword or partial number.
What is Accounting Quick Search? or back slash
This module contains detailed info about all entities/ customers/ businesses that buy from the dealership.
What is Customer Management?
This report replaces the traditional schedule and shows which customers have past due balances and for how long
What is the AR Aging Report?
These bills are generated inside Tekion whenever you charge a customer for goods/services.
What are AR Invoices?
This module tracks all the money the dealership owes to others.
What is Accounts Payable?
These are supporting ledgers that back up the balances of control accounts such as deposits or prepaid expenses.
What are Schedules?
This module is the very first step to create a vendor
What is Vendor Management?
What action must be completed to push a deal to accounting?
What is booked?
The vendor sends this, and it’s matched to your PO before payment can be issued.
What is a Vendor Invoice?
What are the 9 dots in the left corner called
what is the application grid/ application launch tile?
If you make a correction that doesn’t come from a purchase or payment, you use this accounting entry type.
What is a Manual Journal Entry?
This control field is commonly used to track lenders on lien payoff schedules, however is not used to recon schedules in Tekion
What is Control 2?
what form must be completed when a customer gives cash over $10,000.01
What is the 8300 report
This occurs when you electronically staple the purchase order to the invoice
What is pre-invoicing