If you are setting up ESC Accounting for the first time, you'll want to head to the Getting Started guide and begin with Step 1. The process below is to be performed after you have setup your Chart of Accounts and System Accounts within ESC.
If you are following the Getting Started guide and are on Step 8, follow the directions below.
Go to Company → System Setup → Accounting.
Setup Cash Flow Accounts – Entering these accounts are only necessary if you want to run Cash Flow Reports and can be set up at a later time.
Create Year - You will be asked to enter a date for the start of your fiscal year. If your year runs from January 1 to December 31 enter 1/1/YYYY. If your year runs from April 1 to March 31 enter 4/1/YYYY. The program will automatically create five years back. For example if you enter 1/1/10 as your fiscal year start; 1/1/05 through 12/31/10 will be created.
Select Backload Period – This is used to make backloading and balancing quicker and easier. If you are “going live” on May 1 then April would be your Backload Period. Any item entered in this period and earlier will have no financial effect EXCEPT journal entries that have NO jobs or departments on them. This way you can enter your open receivables, payables, job costing and un-cleared checks without any effect on financials making it easier to enter your total balances.