FAQ - What needs to be setup to begin using the Accounting and Financial Tools?

To access the Administrator Tools for the accounting features you will need Administrator Access with the following settings:

  • Dashboard
  • Account Owner –access to settings and payment options
  • Financial Management – access to Finance Tools

If you have been using Membership Toolkit for online sales prior to using the Accounting Tools, it is important that you first assure there are no outstanding balances due or over-payments associated with previous orders BEFORE you begin using the Accounting Tools.

The following will need to be setup to begin:

1. Chart of Accounts

2. Set Fiscal Year Dates

3. Opening Balances

4. Budget

5. Assign budget accounts to items (SKUs)

6. Configuration settings