This is homework. Supposelly, My company is doing an implementation to HR Payroll with a company called XYZ (sample). In order for them to implement to the GL setup they need the following questions answer. Any help would be appreciated. All I need is to somebody to give me example and/or explain the questions.
Thank you,
Lost-accounting
1. What is your current method of posting your General Ledger?
2. Do you currently use accruals with your General Ledger?
4. Does your GL vary by company?
5. Do you use organization levels/cost centers to segment the Account codes?
6. Please indicate the cost centers in your organization:
7. Do you segment accounts by employee?
8. Does your company use labor allocation?
9. What is the frequency of your General Ledger?
10. Do you require Billing items on the General Ledger?