Intro to Finance and Accounting, Part 2: The Financial Management System
How a financial management system works, why Rhythm acts as an accounts receivable sub-ledger, and how batches reach your books.
Explains financial management systems and their journals, why Rhythm records the detail while your accounting system holds the books, debits and credits, and how transactions move in batches to your accounting system.
What This Video Covers
- Financial Management Systems
- Sub-Ledgers and Journals
- Accounts Receivable in Rhythm
- Double Entry Accounting
- Debits and Credits
- Batches and Audit Trail
- Accounting System Integration