GEM-CAR FAQ

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Accounting

Configuring direct deposit

Before you can generate direct deposits from GEM-CAR, you must first configure your financial institution's settings. These settings will allow you to pay your suppliers directly by direct deposit, as well as your employees if you have the Employee Payroll…
47 viewsPosted 1 month agoby Nadine Toutant

How to create a new GL chart of accounts

In GEM-CAR, to create a new GL account chart, you can follow the steps below: Click on Accounting > Configurations> Configurations. Scroll down and go to “Choose the options you wish to activate”. Check the “Activate the concept of GIFI…
29 viewsPosted 1 month agoby Bianca da Silveira De Amorim

Reprinting a check

If you need to reprint a check, simply click on Accounting > Checks. If the check is not appearing in the list, remove the filter from the top right of the page and select “all”. This way, all checks will…
29 viewsPosted 1 month agoby Olivier Brunel

Closing an accounting period

Before closing a period, it is generally necessary to ensure that : your bank reconciliation is complete, your official accounts receivable age is correct, your official accounts payable age is correct, your balance sheet is correct, your income statement is…
19 viewsPosted 1 month agoby Olivier Brunel

Type of report account aging

In GEM-CAR, it is possible to generate different types of reports. In the Accounting > Reports > Accounts Aging tab, you can generate a report containing the following information: Account balance on Currency Type (Accounts to receive or Accounts payable)…
17 viewsPosted 1 month agoby Olivier Brunel

Configure an Accounting account so that taxes are automatically calculated on transactions

In order to configure your chart of accounts to determine the accounts on which your tax rules should be applied automatically, you must choose your taxable accounts. To configure it, click on Accounting > Chart of Accounts and select the…
16 viewsPosted 1 month agoby Olivier Brunel

Percentage of administration fees for unpaid invoices for 30 days old

You forgot an invoice among your office paperwork and now you receive an invoice from the company that provided you with services for an exorbitant amount! Looking more closely, you understand that this amount is due to an interest rate…
16 viewsPosted 1 month agoby Olivier Brunel

Setting up and printing checks

To generate and use/print checks for paying suppliers, follow the steps down below. 1. Check Configuration Before generating checks, you need to perform some initial configurations. Access Chart of Accounts: From the main menu on the left of the application,…
15 viewsPosted 1 month agoby Nadine Toutant

Accounts payable aging

An accounts payable aging report, also known as an aged payables report or creditor aging report, is a critical accounting document used by businesses to track outstanding bills owed to vendors (suppliers) and analyze how long those bills have been…
15 viewsPosted 1 month agoby Olivier Brunel

Personalize or modify your account charter

The account chart is in fact the list of accounting accounts for making transactions. When you look at your financial reports such as the balance sheet, income statement, and trial balance, you want to have a record of your income,…
14 viewsPosted 1 month agoby Olivier Brunel

Purchases to be entered manually in accounting

When purchases are made for the company, when it comes to registering them in the accounting system, you need to do this manually as a new transaction. To do this, go to the menu on the left, click on Accounting…
14 viewsPosted 1 month agoby Olivier Brunel

How to measure technicians or work bays performance

To measure technicians or work bays performance, follow the instructions below. Configure the work bays and assign them to technicians. If technicians don't use the Punch clock, assign jobs to technicians and enter the planned and real times in the…
13 viewsPosted 1 month agoby Olivier Brunel

Direct deposit management

View deposits and send them to your financial institution To view your pending direct deposits, click on the menu Accounting > Direct deposits. This list shows the history of direct deposit files that have previously been sent to your financial…
12 viewsPosted 1 month agoby Olivier Brunel

Tax report: automatic method of producing tax reports (recommended method)

In the menu Accounting > Government remittances. Report the amounts on the government website. Common error: If you do not do it at this step, you will have to make a manual entry. Otherwise, the next report will accumulate your…
12 viewsPosted 1 month agoby Olivier Brunel

Report on the aging of supplier debts

An accounts payable aging report, also known as an aged payables report or creditor aging report, is a critical accounting document used by businesses to track outstanding bills owed to vendors (suppliers) and analyze how long those bills have been…
11 viewsPosted 1 month agoby Olivier Brunel

How can I create a warranty invoice without affecting sales margin reports

The simplest method that won't distort your profit margin result is to : Issue a $0 invoice to your customer, Make a second invoice to your supplier in receivable, Customer invoice: Make the following invoice at $0: JR Replace Alternator…
11 viewsPosted 1 month agoby Olivier Brunel

Tax report: quick method

To use the quick tax calculation method, simply go the menu Configurations > Configurations > Currencies/Taxes. Set the tax calculation method field to be reset to Quick method. Then, during your tax reports or your government remittances, the amounts that…
11 viewsPosted 1 month agoby Olivier Brunel

Taxes report

Given the importance of the information and to avoid errors, we require you to close a period first. (You can always reopen it if necessary). Closing an accounting period Your taxes report being most likely quarterly, you can close each…
11 viewsPosted 1 month agoby Olivier Brunel

Deductions and contributions - payment report - Part III

Federal online deductions and contributions remittance: with Desjardins Here is the bottom of the Deductions and Contributions report, with the information for the federal Deductions and Contributions. Option 2: via detailed government remittances (other regions) Pull the report Proceed to…
10 viewsPosted 1 month agoby Olivier Brunel

Default GL configuration

It is important that the default GL configuration is done. To do this: Go to the "Accounting / Configuration" menu Click on the "Configurations" Add the ledger codes according to your chart Save Here is an example to guide you:…
9 viewsPosted 1 month agoby Olivier Brunel

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