Dear AccountMate Clients;
The 2006 Payroll Updates have just been made available from AccountMate for download. If you placed an order for the 2006 Tax Subscription, look for a follow-up email from us with download details and instructions.
The download includes installation instructions. However, about 75% of our clients prefer to have NexLAN handle the process.
If you’re not feeling “geek,” please contact us and we’ll schedule time to implement the updates in your system.
Remember: The update must be installed after the last payroll run of 2005, and after performing the month- and year-end closing, but before the first payroll run of 2006!
If you’re going to handle the update on your own, be sure to read the Payroll Subscription Program Download and Installation Guide (Readme) that comes with the download file before installing.
Finally, since AccountMate doesn’t maintain transactional payroll detail for the prior year, we recommend creating an additional “company” specifically to hold your 2005 payroll data. By copying data into this “dummy” company, you can close the year in your actual company without losing access to the details of your prior year’s payroll.
Year-End Closing Whether this is your first year-end closing or if you’ve been through this process before, remember that NexLAN is never more than a phone call away! Also, we’re happy to provide you with written procedures for month- and year-end closing. Just hit <reply> to request our latest information.
Regards,
Kevin E. Stroud
NexLAN, LLC
https://nexlan.com
NexLAN Holiday Hours
On behalf of everyone at NexLAN, we wish you a happy holiday season and a prosperous 2006.
During the next few weeks, we will continue to maintain regular office hours: Monday through Friday, 8am to 5pm. We plan to be closed on Monday, December 26 and Friday, December 30, 2005. Please email us if you do not have a recent copy of our emergency contact sheet.
Tech Notes
There are times when it is necessary to post journal entries (JEs) with prior fiscal year transaction dates. Previous JE batches may require correction; the fiscal year may have been closed before all the year-end JEs were posted; or you may need to post fixed assets depreciation. In addition, it may be necessary to correct issues found during audit. This week’s TechNote explains how to use the AccountMate General Ledger module to facilitate posting JEs to suit various requirements.
Article 1200: Posting Journal Entries Dated in the Prior Fiscal Year
Perhaps more than any other time of the year, the holiday season sees an increase in expenditures. Mostly due to the time-honored tradition of spreading goodwill by giving gifts to clients, vendors and employees, companies will see an upswing in credit and cash purchases. It is therefore more imperative than ever to plan for and properly control your cash flow to meet your financial obligations, prevent cash shortages and preserve your good credit. This Technical Note provides tips on how to use AccountMate to help effectively manage your cash flow.
Article 1201: Managing Your Cash Flow With AccountMate
Technical Tips
Version: AM6.5 for SQL and MSDE
AM6.5 for LAN
VAM/LAN Version 5
Module: PO, AR, SO, IC, MI
Q: I need to make a negative quantity adjustment and adjust the cost for an inventory item. AccountMate does not allow me to access the Unit Cost field. What did I miss?
A: AccountMate does not allow you to both adjust the unit cost and make a negative quantity adjustment for an inventory item in a single transaction. You must first save the negative quantity adjustment transaction; then, in a separate inventory adjustment transaction, enter the item number that requires adjustment and change the unit cost.
Version: AM6.5 for SQL and MSDE
AM6.5 for LAN
VAM/LAN Version 5
Module: MI
Q: I want to be able to print a routing slip and production slip immediately after saving a work order; however, these options are not available. How can I enable them?
A: Access the Printing tab in the MI Module Setup function. In the Print During WO Creation section, mark the Routing Slips and Production Slips checkboxes.
