As an option, you can periodically post GLS journal entries for various Tabs3 balances thus providing the ability to print accrual basis financial statements. A posting program in GLS lets you post journal entries for accounts receivable balances, work-in-process balances and client funds balances. These journal entries can be firm wide or by primary timekeeper and are broken down by fees, expenses, advances, and finance charge. The same GLS posting program can also post journal entries for bank account balances from Tabs3 Trust Accounting Software.

Note: The Tabs3 and GLS integration is designed primarily for firms on a cash basis or modified cash basis of accounting. This Accrual Integration option simply provides the ability to post net change journal entries to accrual accounts that are not normally included on the Balance Sheet and Income Statement.

The following fields are available in the Accrual Integration section:

Allow posting of Accrual Balances in GLS Select this check box if you want to post GLS accrual journal entries for various Tabs3 balances. GLS accrual journal entries are posted using the Post Tabs3/TAS Accrual Balances program in GLS. If you select this check box, you will be able to configure the desired accrual items for which you want GLS journal entries posted by clicking the Accrual Accounts button.

Clear this check box if you do not want to post GLS accrual journal entries.

The Accrual Accounts button can be used to open a GLS Accounts Table for Accrual Posting window allowing you to map GLS Accounts. (Note: The Accrual Accounts button is only available when the Allow posting of Accrual Balances in GLS check box is selected.)

See also:   Accrual Integration Overview
  GLS Accounts Table for Accrual Posting
  How to Set Up GLS Accrual Accounts