Company Settings - Accounting Options
Accounting Tab:
COGS-Well can export invoices to Accounts Payable, inventory adjustments to General Ledger, and transfer adjustments to General Ledger. Please click this link to the Accounting Integration FAQ for more information.
The Accounting Tab will always display on the company settings options. However, integration with your accounting system needs to be set up by COGS-Well support. When the integration is set up, the support team will also configure the Accounting Tab option in Company Settings for you. We recommend that you do not change the accounting options without first contacting support.
If you select the Accounting Tab in Company Settings, and if an Accounting System has been entered, then a display like the one below will be shown:
Accounting Tab - Accounting System Settings:
Accounting System Type: Use the drop-down to select from the Accounting Systems that COGS-Well has interfaces for.
GL Account Code Export Format: This field is configured by COGS-Well support and cannot be modified.
Accounting System Online Site Map Type: It is best to let COGS-Well Support configure this field.
Enable Receipts Export: A checkmark will indicate that you are exporting Receipts (invoices) to your Accounts Payable system. There is a sub-option to require Receipts to be approved before they can be exported. Please click this link if you would like more information on the Approve Receiving feature.
Enable Inventory Adjustments Export: A checkmark will indicate that you want to export ending inventory valuation adjustments to your General Ledger. There is a sub-option if you prefer to utilize reversing entries as your preferred accounting method. Adjusting entries.
Enable Transfers Export: A checkmark will indicate that you want to export Transfer adjustments to your General Ledger. There is a sub-option to include details on the Items that were transferred in the export.
Enable Production Exports: If you are using the Production feature, adding a checkmark to this box indicates that you want to export adjustments for production to your General Ledger.
Save or Exit:
Select save to save any additions or changes. Select exit to exit the function.