Postings are commonplace! Or are they? The “Extra GL” feature in ActivityHD is anything but common. It is a magical solution to many familiar problems.
Do you need to alter the expense distribution on an Accounts Payable invoice after being merged (posted)? Of course, you can post manual entries directly in General Ledger, but then your AP ledger will be out of sync with your General Ledger. Also, there is no automated cross-referencing between the original posting and the corrected posting.
Another example is the prepaid expense. You need to distribute expenses on an AP invoice over future accounting periods even after the invoice has been paid. ActivityHD provides a solution to these predicaments. Extra GL preserves an audit trail and associates the correction with the original transaction. And ditto for an AR invoice and revenue recognition!
Attend this webinar to comprehensively discuss the Extra GL feature and its application to familiar problems.