Drake Accounting®: When setting up receivables, is there a recommended order to set up information?
Yes there is. In the menu at the left of the screen, select Receivables. Set up the information in the following order:
- Receivables Options
- Sales Tax Setup
- GL Account Setup
- Invoice Item Setup
- Customer Setup
Setting up the Customer section last ensures that appropriate Sales Tax and Invoice Items are in place that may be applied to individual customers.
Note: Transaction Types within GL Account Setup determine the availability of certain Payments screen items. (E.g. PN - Penalty must be included within the Transaction Types and associated with accounts before an amount can be entered within the Payments screen Penalty line.)