Glossary Term: Acumatica

A general ledger entity is an account which holds detailed record of transactions for a particular item. All accounts are in Chart of Accounts (COA).

A class is used to categorize a group of accounts that are basically related to each other. For example, you can create a class that contains accounts for long-term liabilities …

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Acumatica offers an ERP module that lets you manage your company’s purchases. The feature helps you speed up the purchasing process, lower costs, and increase efficiency.

A module of Acumatica ERP software that provides features for managing customers, and is used for goods and services sold by your company.

An adjustment period is a dummy period that you can add to a financial year. Adjustment periods allow you to later adjust the amounts in the financial year to account …

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Subaccounts can be used to build a hierarchical structure of budget articles. By using this structure, you can summarize data in various ways.

An aging schedule is a summary report, usually dated and ordered by days past due, that indicates the status of receivables and payables.

A group of settings, saved as a whole, used in to help you automate allocations.

A document that includes information about the vendor, location, and currency used for the transaction. For each tax that applies to the document, you can choose whether to calculate tax …

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A payment document to pay a bill or bills. If you do not have enough available funds to cover the amount of the check, you will need to create an …

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