Task - Confirm Accounting Configuration
(Admin – Accounting Configuration)
If you are implementing a secondary DBA company, select the accounting configuration that meets your implementation objectives.
If your main company is using the Financial Transfer configuration
If your main company is using the Financial Transfer configuration, the secondary company should also use the Financial Transfer configuration.
If the secondary company will be updating your main company
If the secondary DBA company will be updating your main company’s accounting system, regardless whether you are using the DBA financial modules or an outside accounting system, use the Financial Transfer configuration, which is designed for that purpose.
If the secondary company will have its own accounting system
If the secondary DBA company will have its own accounting system, we recommend using the Financial Transfer configuration with a mainstream small business accounting package so that you get the benefits of payroll integration, online banking, comparative financial statements, and the many other modern features that will benefit the financial side of your business.
If your main company is still using the DBA financial modules (AR, AP, Banking) and you are not ready to convert to a mainstream small business accounting package at this time, select the Legacy Financials accounting configuration.
Submit a support ticket for guidance
If you do not fully understand how to set up a secondary company for interaction with your main company, submit a support ticket and we will help you.
