General Ledger Setup Checklist (Part 4 - Budgets, BAS, Reporting Codes and Cash Flow Statement)
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1 | Load Budgets. Finance > General Ledger > Account & Journal Info > Budget Upload . | Refer to TASS knowledge base for preparing load file for your budgets. |
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2 | Set up BAS Parameters and Tax Code mappings. Finance > General Ledger > BAS Processing > BAS Parameters . | This involves mapping the tax codes that were set up in GL Setup Checklist (Part 1 – Initial Setup) Step 8 to G* labels on the BAS form. |
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3 | Allocate Reporting Codes to your GL Accounts. Finance > General Ledger > Account & Journal info > Accounts Grid Entry . Select the 'Reporting Codes Grid' option. Refer to the following guides: How to Set up Reporting Code 2 to Use for Separation on the Balance Sheet. How to Set Up Reporting Code 3 Used for Grouping/Consolidating in the Income Statement. | This involves mapping the reporting codes that were set up in GL Setup Checklist (Part 1 – Initial Setup) Step 5 to your GL Accounts. It is recommended that at least Reporting Codes 2 and 3 are mapped initially. |
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4 | Setup for Cash Flow Statement. Finance > General Ledger > Listing & reports > Cash Flow Statement. Refer to the following guides: | This involves using Reporting Codes 7, 8 and 9 to set up your cash flow statement. |
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