Successful Implementation Is An Ongoing Process

Implementing your software package is the next crucial phase following installation. This is where key accounting personnel within the organization have their greatest impact on all that is to follow.

The process begins with the general ledger and its structure. Since the ledger will be the final stop for all transactions, it is imperative that the proper structure be set up. The general ledger’s structure will be reflected in the structure of the financial statements produced after posting of all transactions.

Additionally, the company’s fiscal period and fiscal years, both open and historical should be setup. Finally, all default general ledger posting accounts should be assigned at this time. This process would be repeated for each company that will be tracked by the accounting program.