Accounting

This FAQ will go over how to write off AP balances using a journal entries. Journal Entry Start by creating...

This FAQ will go over the GL Recap button in the Paradigm. The GL recap button can be found in...

This FAQ will go over how to enable and use the “Track Discounts in General Ledger” option. When this is...

This FAQ will go over how to close a fiscal year. Closing a fiscal year is a process that is...

This FAQ will go over how to create GL accounts in Paradigm. Information on journal entries can be found here:...

This FAQ will go over the different costing methods for inventory items. Cost methods can be chosen by going to...

This FAQ will go over how to make a withdrawal or write a check in Paradigm. Withdrawal Withdrawals should be...

An item’s average cost is calculated as its [total value remaining in inventory] divided by the [total stock quantity]. Transactions...

GL departments are used to allocate postings into separate divisions within a single GL account, and are most commonly used...

This FAQ will go over how to mark items as taxable, nontaxable, and how to handle some special cases. Marking...