Advanced Accounting
Finance Book Setup and Usage
Overview In iVendNext, a Finance Book is a ledger used to record accounting entries. It helps manage multiple financial records for compliance, internal use, or reporting. For example, you might have one Finance Book for tax authorities that follows ...
Holiday List Management
Overview In iVendNext, the Holiday List lets you set official holidays to manage leave and mark departments as closed on those days. Most organizations have a standard Holiday List, but some may require different lists based on locations, ...
Cost Center Allocation
Overview iVendNext’s Cost Center Allocation lets you split GL entries across multiple Cost Centers using set percentages—ideal for sharing costs or revenues across departments or regions. For example, if your business has a shared marketing expense ...
Cost Center Management
Overview A Cost Center in iVendNext lets you track income and expenses by department, product line, or unit. It helps analyze profitability and supports smarter, data-driven decisions. For example, if your business has both walk-in sales and online ...
Understanding Accounting Dimensions
Overview iVendNext’s Accounting Dimensions let you tag transactions by Branch, Department, Project, or Cost Center. This improves financial tracking and reporting without cluttering your Chart of Accounts. For example, if your business operates in ...