Set up General Ledger Projects
A project can refer to a special event, a one-time outreach program, a building project, or anything for which you want to track expenses and revenues for a period of time.
Projects help you to keep a record of the revenues and expenses charged to multiple accounts for special reporting purposes.
Once you have added your projects, enter the project code when entering transactions. ACS tracks the amounts charged to the revenue and expense accounts for each project code. Projects allow you to group accounts together for reports even if the accounts belong to different sets of books.
You can add a project at any time, and you can add as many project codes as you want to meet the needs of your organization.
- Under Advanced Tools, click on the Define Lists tab.
- In the list, select General Ledger and click Go
.
- Select Projects, then click Add.
- Enter the Project Code, Project Description, Projected Revenues, and Projected Expenses.
- To add additional projects, select Add Another.
- Click OK.