Today I went through pages 69-117 in the F100 Hands-On Financials (V4.0) course. This section covered setting up the AP and AR modules. Lots of features to read through. I found myself using a couple of the keyboard shortcuts to save information and quickly transition to the next task. Here are a few things that stood out to me:
- Payment Lead Time – This is an AP feature that allows you to define the average number of days that a payment takes to reach a vendor. I assume that the Aging report will factor this when generating an aging. I haven’t seen this kind of feature before, although I’m not sure I would use it because lead times could vary greatly by vendor. We’ll see, maybe I will be able to override it at the vendor level.
- Default general ledger subaccounts – You have the ability to default GL accounts based on a combination of factors (4 bullets listed below). For example, if my subaccount structure was XX-YYY where XX is region (01 West, 02 Midwest, 03 South, 04 East) and YYY is department (000 General, 100 Sales, 200 Operations, 300 IT, 400 Finance, etc.), then I could put in a code of LL-200 to get the region from the customer/vendor and hardcode department 200 Operations. Or, I could put something like 03-EEE to hardcode region 03 South and get the department from the employee. I imagine that you could even put something like LE-LLE, although that wouldn’t make much sense. But, it’s nice that you can combine things.
- C – Expense account associated with branch
- E – Subaccount associated with employee
- I – Subaccount associated with non-stock item
- L – Subaccount associated with customer/vendor location
- Wiki help – I’m still very enthusiastic about this. In fact, it looks like the overview sections in the hands on exercises are captured directly from the Wiki help system. This is a good efficient use of the existing help. I’ve always been confused by software companies that create separate training material that walks you through each of the settings using different language than the help system. Hats off to Acumatica for not duplicating their effort here. I also tried making some modifications to the standard Wiki help and discovered (as expected) that is very easy to create custom tailored instructions. I can make slight modifications, remove entire sections, or insert blocks of customized help language. As I’ve said before, THIS IS A BIG DEAL.