Posting Accounts Receivable, Accounts Payable & Commissions Receivable.
As you enter client information into Amsoft, you are automatically setting up accounts payable, accounts receivable and commissions receivable. There is nothing special you have to do to accomplish this.
However, at some time (usually once a month), you may want to bring those totals into your general ledger. To do this, simply click on the 'Post' button on the checkbook browse box. You will be asked for a date that you want to post through (it defaults to today) enter the desired ending date (and if you want to set additional selections indicate that as well) and click on 'Ok'. This will retrieve accounts receivable, accounts payable and commission receivable from the policy history files. Amsoft will display the totals on the screen, then write them to a file. Once the totals come up on the screen, click on 'Close.' The totals have now been posted. After posting is completed you can run your General Ledger by choosing 'Reports' from the menu bar, and totals for each of these accounts will be printed.