INTRODUCTION: FINANCIAL SETUP IN HOMEBUILDER
Setting up your financials in HomeBuilder is the foundation of a properly configured ERP system. Start here:
Important
The HomeBuilder Financial Setup is to be completed after completing all setups described in the following articles:
- HomeBuilder Install and Subscribe.
- Introduction to the Implementation Section.
- HomeBuilder Base Setup. Otherwise, you will need to keep coming back to complete these sections as you progress, making your process inefficient.
Introduction to Financial Setup in HomeBuilder
Setting up your financials is the foundation of a properly configured ERP system. Information is divided into two main sections:
- Financial Setup - i.e., this Help File introducing the entire section - explains the preparatory steps required before you proceed. All articles should be reviewed and completed.
- Financial Operations, i.e., the next section in these Help Files, describes options that HomeBuilder provides. They do NOT have to be ALL implemented into your company's operations, but it is beneficial to be aware of the potential your HomeBuilder system offers.
In the current Help Files Section, most businesses should follow these steps in sequence:
- Cost Groups and Cost Details are not just for reporting; they assist with data entry and do not take long to put together. Do not miss out on this setup; it pays dividends in the end.
- Verify your financial configuration in the Checking Account Setup in Homebuilder article. The article describes the steps for configuring your payments using checks.
- Setting up Bank Deposits for Lot Installments explains how to complete the Bank Deposit Setup.
- Bank Rec Import and Co-Pilot AI contains instructions and video regarding Bank Reconciliation Import automation and, additionally, using the Co-Pilot AI to assist with it. Co-Pilot AI is particularly useful if you have over 100 transactions on your Bank Reconciliation.