When you Soft Close a Fiscal Period or Year, you can still reopen (i.e. Soft Open) it if needed.

This lesson will describe how you can add default expense accounts for Vendors. This is extremely handy if Purchases from a particular Vendor always are charged to the same expense account(s). Once established, the default accounts will be used for new Quick Check and Voucher entries.

When you receive your account statement from your bank you can use the Reconcile function to compare the Bank Statement (bank balance) with your checking account in AcctVantage (book balance) and update your records accordingly.