Big Business simplifies your accounting by letting you choose Categories as defaults to be used automatically for your Customers, Items, Vendors, Banking, or Stores.

For example, you can have Sales Income for products you sell and Service Income for your services. Or, have Retail Income or Wholesale Income, determined by customer.

You must have defaults, to start, and you can simply use these along with reporting by customer or by item, to see where you stand and keep flexibility as you grow.

Posting Button shows you accounting information for transaction on which it appears.

Accounting Toolbar shows the Account, Category, and Posting tools and searches.

Categories are the accounts you select for separating income and expense for reporting.

Accounts are all accounts including Categories and other accounts used for accounting, including Automatic Categories, Balance Sheet accounts, Banking accounts, and more.

Use the Account Card tool to enter information for new or existing accounts.

The Account Card can access all accounts, including:
- Accounts Receivable, Accounts Payable - for posting Customer or Vendor balances.
- Bank Accounts - record Bank Transactions to reconcile and Postings for accounting
- Categories - used to organize Income and Expense and other postings
- Inventory - for posting Total Costs for Inventoried Items
- Retained Earning, Current Year Earnings - calculated accounts for financial reporting

Use the Accounts tool to find and manage accounts.

Most Accounts have a time sensitive Balance that you would review on a financial report such as the Balance Sheet or Profit and Loss Statement to show accurate results.

Use the Journal tool to create new general journal entries.

Use the Journals tool to find and manage general journals.

Use the Category Card tool to manage accounts used as Categories.

Use the Categories tool to find and manage categories.

Use the Postings tool to find and manage postings.

Use the Category Prefs tool to set defaults for Categories.

Report Prefs, on Reporting toolbar, lets you set names for account types on reports.

These names appear as Category Type on Category and Account Type on Account.

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Big Business has built in Budgeting and Budget Reporting with the following features:

-Establish Budgets by Category by Period (Categories are all Accounts except Special Status Accounts: A/P, A/R, Bank Accounts, Inventory, Current Year Earnings, and Retained Earnings)

-Import Budgets

-Report Budgeted vs. Actual for a range of periods for a selection of Categories (3056)

Overview:
This document describes the process to adjust the balance for accounts after SetUp is complete.

Details:
The account balances entered during the SetUp are stored in a General Journal entry. This General Journal #0 will be given the data you specified during SetUp and is locked and cannot be adjusted once you have completed the SetUp Checklist. It is locked because of the complexity of the data contained inside. This journal will typically contain calculated amounts for the following accounts:

Accounts Receivable (the sum of your Customer balances)

Accounts Payable (the sum of all your Vendor balances)

Inventory (the sum all you Item Total Costs)

Current Year Earnings (all Income minus all Expenses for the Current Year)

Retained Earnings (Assets minus Liabilities minus other Equity)

Note: You should verify that the balances for these Accounts are correct before completing the SetUp process. (3122)