FAQ – Do I need to have the Accounting Setup finalized before we can begin online sales?
No. Many times an organization would like to launch online sales before their Treasurer has completed setting up the chart of accounts and the budget. There is a backfill utility that you can run to distribute sales to the correct income accounts.
The backfill utility only applies to income and liability accounts and will not impact your asset accounts. So we recommend setting up the configuration for your income accounts prior to launching your online sales.