Create Your Own General Accounting Units
- From the App Launcher ( ), search for and select General Accounting Units.
- Click New.
- Give your GAU a name. Important When creating GAUs, give them names that match the account names in your accounting...
- Make sure that Active is selected. Don't worry about entering anything in the Allocation Information or Allocation...
- Save your changes.
Full Answer
How do I create a general accounting unit in QuickBooks?
Set up a General Accounting Unit (GAU) Click the Appsicon and then, start entering the word “General” in the Lookup search textbox. Click General Accounting Units. To create a GAU, click New. The New General Accounting Unit dialog box displays. Complete the fields, as necessary.
How do I manage Gau allocations in Salesforce?
GAU allocations comes with a series of rollups that help you track the allocations you assign to your GAUs. You can find these GAU rollups by clicking the General Accounting Unit tab in Salesforce, and then selecting the GAU name. The rollups come with predefined settings that you can update as needed.
How do I assign General Accounting units (Gaus) to an opportunity?
Accounting Subledger automatically assigns the Default General Accounting Unit to any Opportunity (and its Payments) that doesn't have a specified Allocation. From the App Launcher ( ), search for and select General Accounting Units.
What is Salesforce nonprofit Cloud general accounting units and allocations?
Salesforce Nonprofit Cloud General Accounting Units and Allocations is a fantastic feature that allows nonprofits to designate their donations to one or more funds. This gives donors the ability to choose where their donation dollars are being spent and gives them a greater sense of the impact they’re making to your organization.
Create Your Own General Accounting Units
From the App Launcher ( ), search for and select General Accounting Units.
Update the Default General Accounting Unit
Set the Default General Accounting Unit to match the GAU that your org prefers to use.
Enable Payment Allocations
After you configure General Accounting Units, enable Payment Allocations.
What is accrual accounting?
Accrual accounting, meanwhile, records income or expenses when they’re agreed to or incurred. For example, you would record an entire pledge when a gift agreement is signed, then update that record as each payment is made. Accounting Subledger supports both.
When are ledger entries created?
Ledger entries are created when an opportunity or payment reaches a certain stage, and then every time those objects change. This can happen either immediately (triggered by the change) or in a batch process at a set time (like overnight after all data is entered for the day.)
How to do accounting from Salesforce
Tired of seeing inaccurate financial data? Wasting time inputting multiple entries into different systems? Do you wish your accounting systems could interact with your CRM? If you already have all of your sales and customer records in Salesforce CRM, don’t you want your accounting records on the same platform?
Better Together: FinancialForce Accounting and Salesforce
Because the FinancialForce Accounts shares the same account object as Salesforce CRM, your opportunity to cash process is efficient, accurate and optimizes cash flow. Invoices are created accurately the first time and posted in real-time where you have complete visibility to your customer’s standings in a single location.
Master customer record
Imagine everyone - sales, finance, service delivery, support, and beyond - inputting and having real-time access to all the customer information that matters most. Every conversation, every transaction, every request, and every documented customer interaction can be accessible from one place.
Superior customer service
With a single record, you see everything that’s happening across the customer journey in real-time. Customer-facing staff can answer any question and provide immediate, high-quality support.
Unparallelled efficiency and accuracy
With a master customer record, you can generate an invoice straight from a sales opportunity. You only have to manage one customer dataset, so reporting is easy and accurate. And with just one system of record, you’ll also simplify compliance processes and production of audit trails.
Anticipate customer needs
The more you know about your customers, the better you can anticipate what they’ll want from you next. This not only saves your business time, money, and resources, but it’s also a great way to develop new products and services to better serve your customers.
Assign general accounting units (GAUs) to Give Lively donations automatically
Instructions to automate the process for assigning GAUs to donations syncing from Give Lively to Salesforce.
Before You Get Started
Make sure you are a system administrator in a Salesforce org using GAUs.
Background
General accounting units (GAUs) are a feature included in the Salesforce Nonprofit Success Pack (NPSP). They allow nonprofits to allocate donations (or portions of donations) to specific funds. If your organization uses GAUs, you may wish to allocate opportunities representing Give Lively donations to specific funds.
