Accounting and Finance Tab
Everything you need to know about merchant accounts, managing payments, policies, and accounting.
Choose your Organization's Payment OptionsDefine your taxes, fees and which payment methods are accepted in your store.
How Sales Taxes are CalculatedLearn how we use 'Banker's Rounding' to determine how taxes are rounded.
Cancellation PoliciesAutomatically apply cancellation policy and credit calculations to a session activity based on the criteria you set.
Configure InstallmentsGive your clients the option to pay in post-dated installments.
The 10-Day Installment DelayYou can impose a minimum delay of 10 days between the date of purchase and the 1st future installment.
Order & Set up your Integrated Terminal(s)Instructions on how to obtain and connect your Pax A920 card reader.
The Action centerStay on top of failed payments, prompt clients to update expiring cards, and clean up account balances faster than ever.
Integrated Payment TerminalsServe clients efficiently with a WiFi terminal that automatically updates payment details in SmartRec.
Integrated Payment Terminals (Adyen)Here's everything you need to know on getting started with Adyen payment terminals in SmartRec. You’ll learn which models we support, how to place an order, terminal setup instructions, how…
What's Changing in Accounting?What to expect as we enhance SmartRec’s accounting features.
Chart of accountsManage your general ledger (GL) setup in the Accounting and finance > General ledger > Chart of accounts subtab.
System ledger accounts & their role in cash & accrual journal entriesLearn why a particular ledger account type is used in journal entries.
Ledger account Assignments (for accrual)The Assignments spreadsheet lets you map which ledger accounts to use in journal entries, for every transaction.
Cash accounting & journal entriesA quick cheat sheet on cash accounting and how cash-basis journal entries are generated in SmartRec.
Journal entries report (for accrual)Learn how to read and search for journal entries for accrual accounting.
Journal entry scenarios (for accrual)Accrual journal entry examples based on what is invoiced; and when revenue is recognized immediately or deferred.
How Revenue is Deferred and Recognized in SmartRecLearn how SmartRec defers revenue for each occurrence type on an accrual basis.
Merchant Account (Paysafe) Payouts (Adyen)
Information on Paysafe merchant account page and Adyen payouts page.
Get Ready for Tax Time and RL-24sLearn how to prepare yourself for the upcoming tax and RL-24 season!
RL-24s in 5 Easy StepsThe childcare expenses tax credit is for Quebec organizations that offer daytime childcare services, excluding extracurricular activities.
Email Template to Participants to Prepare for RL-24'sWe strongly encourage informing your clients of the details needed to issue RL-24's.