Accounting and Ledger Entries
Sumac and QuickBooks: Setting Up Your Integration
Setting Things Up Sumac can integrate directly with Quickbooks to send General Ledger Entries from Sumac to Quickbooks for financially significant types of data. Before data can be transferred directly from the Sumac database to your accounting ...
Sumac and QuickBooks: an Introduction
Sumac can integrate directly with QuickBooks to send General Ledger Entries from Sumac to QuickBooks for financially significant types of data. This feature is included with every Sumac license. What versions of QuickBooks can Sumac integrate with? ...
How-to Video: Ledger Entries 6 – Preferences (2:58)
Script: https://sumac.com/assetswp/training-docs/Ledger%20Entries%206%20-%20Preferences.pdf
How-to Video: Ledger Entries 5 – How to Assign Credit Accounts (2:32)
Script: https://sumac.com/assetswp/training-docs/Ledger%20Entries%205%20-%20How%20to%20Assign%20Credit%20Accounts.pdf
How-to Video: Ledger Entries 4 – How to Define Credit Accounts (2:45)
This video shows you how to define Credit Accounts to facilitate using Ledger Entries in Sumac. Script: https://sumac.com/assetswp/training-docs/Ledger%20Entries%204%20-%20How%20to%20Define%20Credit%20Accounts.pdf
How-to Video: Ledger Entries 3 – How to Assign Debit Accounts (2:32)How-to Video:
This video shows you how to assign the Debit Accounts you have set up in your Sumac database. Script: https://sumac.com/assetswp/training-docs/Ledger%20Entries%203%20-%20How%20to%20Assign%20Debit%20Accounts.pdf
How-to Video: Ledger Entries 2 – How to Define Debit Accounts (2:56)
This video shows you how to define Debit Accounts to facilitate using Ledger Entries in Sumac. Script: https://sumac.com/assetswp/training-docs/Ledger%20Entries%202%20-%20How%20to%20Define%20Debit%20Accounts.pdf
How-to Video: Ledger Entries 1 – Overview (2:26)
This video gives an overview of using Ledger Entries in Sumac. Script: https://sumac.com/assetswp/training-docs/Ledger%20Entries%201%20-%20Overview.pdf
How does Sumac integrate with accounting software?
There are several ways that Sumac can integrate with accounting software: a. You can instantly get a total of donations in any time period, so if you just need to put a "total donations" figure into the accounting software, you can do this as often ...
What happens if there are errors in the data Sumac exports to QuickBooks?
Before sending records to QuickBooks, Sumac retrieves QuickBooks account IDs by sending account codes from Sumac and receiving the corresponding IDs from QuickBooks. If this process fails, the entire export operation is terminated, preventing any ...
How does Sumac handle Penny Rounding Accounts?
Some countries have eliminated very small denominations coins. For example, Canada used to have one-cent coins (pennies), but now its smallest denomination coin is five cents. As a result, cash transactions are rounded up or down to the nearest five ...
Importing Sumac Ledger Entries into Simply/Sage
To import into Simply accounting, do the following In Sumac, go to the Ledger Entries list. Search for the date range of entries you're interested in to find the list of entries to export. Under "Reports" click "Simply (Sage 50) Accounting" to run ...