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- Chart of Accounts - Reviewing the standard chart of accounts.
This involves setting up the main and extra bank accounts. Readysell leaves you with with the chart of accounts to review/modify/add accounts etc Creating/ Modifying a general ledger account.
Please have available all Bank Account details - Tenders - once the mandatory general ledger bank accounts are set up in the chart of accounts, the tenders table is reviewed and linked to the appropriate bank accounts. Extra tenders may also need to be created if you have more than one bank account. Creating a type of Bank Account and linking a Tender Getting started with tenders
- Bank Reconciliations - A discussion is had to determine what is required and how the starting position is inserted into Readysell for the closing of each bank account reconciled in your old system. Setting up for Bank Reconciliations Go Live Performing your first bank reconciliation just to bring in the opening balances for bank reconciliations
Also, if you wish to use the Importing of the Bank Statement lines, we will need to ensure that you can export a bank statement and import into readysell in the right format. - Supplier Payment Runs and ABA - A system reference needs to be set up if you wish to use the ABA file extract when doing a supplier payment run. There will also be a very brief training session on what is needed to get a supplier payment run going.
Not available Lite Stores unless you go with Pro
Please have available your ABA settings. Setting up automatic generation of ABA files for supplier payments - GST - Accrual or Cash Basis. - Set up of the system reference to define if you are Accrual or Cash Basis. Brief review of the GST items and Batch run.
Please find out if you are Accrual or Cash Basis
GST Batch run not available for Lite Stores unless you go Pro - The Process of Implementation of Financials Data - Readysell does not import any financial data. Starting positions are entered into Readysell to stand for closing positions in your old system in certain financial area. See link to document Setting up of General Ledger Financials Go Live
- Customer Payment processes - Readysell will touch on customer payments briefly if no training has been conducted in this area. If you have had no training you may wish to schedule in some. Customer Payments Training Guide
- End of month procedures - There will be no training on the end of month process just a brief discussion. When you get close to the End of Month you can read the document and/or book a time for Readysell help by submitting a ticket . See link to document Customers End Of Month Procedure Suppliers End Of Month Procedure
- Financial Reports - Readysell will touch briefly on the Financial Reports available. Key Form Reports Overview
- Cash Counts/End Shifts/workstation sets- The requirements and set up will be actioned in this session if not already done so. Normally training on cash counts and end of shifts would have been completed. Readysell will touch on Cash Counts/End Shift briefly in this session. Readysell will set up workstation sets if need be. Shifts
- Product Categories - Explanation on how product category works in respect to breaking up your postings to the general ledger focusing more on Non Stock Products. You are then left to tidy up the Product categories to suit your companies needs. Product Categories
- Payroll - Brief discussion and left with the link to the document so that you can start your set up. Payroll
- You are shown two Statement of Accounts layouts. One of them is to be set up as the mandatory one.
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- You will need to budget on a substantial investment in financials implementation asssitance. Don't expect to be able to bring financials on line on your own, you will need quite a bit of implementation assistance from Readysell. We will do the work for you in respect of the first bank rec, suggestions about setting up the chart etc. There is a lot of work to managing and performing the financials conversion, avoid suprises by planning a substantial investment in assistance from Readysell
- Greg Payne Readysell will be contacting you after the financials implementation plan is agreed
- A ticket is created for each financial module and each ticket incurs a charge.
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