It is immensely important for accurate balances and consistency in data entry in the Sage 300 Construction Accounts Payable module. The Accounts Payable function involves nearly all of a company’s payments outside of payroll and is one of the most vital tasks a business can do to ensure accurate financial reporting. Accurate listings of open invoices helps to manage cashflow and to ensure all vendors are properly and promptly paid.
UrbanCore Construction is a development and construction firm focusing on residential and commercial properties. After struggling with duplicate data entry, slowed workflow, and delayed reporting, they decided it was time to integrate their Sage 100 Contractor system for accounting with Procore for project management. Here’s what happened when they did.
This article discusses some common issues that might cause discrepancies between the CM and AR sub-ledgers and the corresponding general ledger control accounts in Sage 300 Construction and Real Estate (CRE). It assumes that all transactions are posted and there are no transactions that remain in the new transaction files, which will also cause discrepancies between the sub-ledger and GL. After posting the new file in all modules, review the journal report, correct any rejected transactions, and repeat these steps until there are no transactions remaining in the new file.
