Setup Topics for Accountants

Setting up and customizing these files will personalize how Studio Designer works for you, save you and your employees time, and help to ensure some of the following:

  • Clients, Items and Activities are taxed correctly
  • Income and Expenses post to the correct accounts
  • Client and Vendor deposits default correctly

All of the files that need to be reviewed are located in the Settings tab. Studio Designer is preinstalled with standard information in most of the Settings. You can edit the records from any of the tabs to customize Studio Designer for your needs. You can also come back and update these fields at any time. When you're ready to start thinking about customizing and setting up more defaults to make more happen automatically, move on to Advanced Topics for Accountants which covers the following: 

 

TAX LOCATIONS: Tax Locations contain sales tax rates and taxability for each combined rate charged within your taxing area and are assigned to each client and project.

CHART OF ACCOUNTS: Add to or modify our default Chart of Accounts to fit your unique accounting requirements.

SALES CODES: Sales Codes are assigned to each item and define where income and expenses are posted as well as taxability.  The Chart of Accounts should be set up first.

OTHER COSTS: Setup frequently used "Other Costs" for things like freight, delivery, rush charges, etc.

ACTIVITIES: Add to or modify our default list of activities used for time billing and calendar entries.

TERMS: Payment terms are assigned to each client and vendor to define required deposits, due dates, and final invoicing options.

BEGINING BALANCES: Follow our accounting conversion guides to enter your beginning balances and setup outstanding client and vendor balances.  This does NOT need to be completed before using Studio Designer.

FROM STUDIO DESIGNER: We have created a conversion guide specifically for users converting from our desktop versions of Studio Designer.

 

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