Sage University provides recorded training (for both U.S. and Canada Editions) to help you learn how to use Sage 100 Contractor. Visit these links to search for training:

U.S. Edition: www.SageU.com/Sage100Contractor

Canada Edition: www.SageU.com/Sage100ContractorCAD

Sage offers both complimentary and for-fee training. Contact [email protected] if you need help locating or registering for training.

One of the first tasks when creating a new company in Sage 100 Contractor is to set up the general ledger structure. When you select a pre-built ledger, Sage 100 Contractor creates the ledger accounts for you.

You can also set up the general ledger manually. If you choose to enter the account ranges, controlling accounts, and posting accounts manually, Sage 100 Contractor will not create the ledger accounts. You will then need to create each ledger account in the 1-7 General Ledger Accounts window.

Pre-built chart of accounts:

When you select the pre-built chart of accounts, Sage 100 Contractor automatically sets up the account ranges, controlling account numbers, posting account numbers, and then creates the ledger accounts. You can then modify the ledger setup to meet your particular needs. However, you will then need to edit the ledger accounts to match any changes made in the 1-8 General Ledger Setup window.

You can select from four different pre-built charts of accounts:

• General Contractor Accounts (Four-Digit or Five-Digit)
• Subcontractor Accounts (Four-Digit or Five-Digit)
• Home Builder Accounts
• Remodeler Accounts

After setting up the chart of accounts, you can edit account numbers, delete unnecessary accounts, and set up controlling accounts for subsidiary accounts or departments in the 1-7 Ledger Accounts window. If you change a controlling or posting account number in 1-8 General Ledger Setup, you must also change the ledger account number.

Caution! Once you have set up and saved a chart of accounts, you cannot delete it, and you cannot edit it after you have entered a transaction. Call Customer Support or your business partner if you need more information.

Selecting pre-built general ledger structure

When you create a new company in Sage 100 Contractor, you must set up a minimum number of items in addition to selecting a chart of accounts. You must also set program defaults for the following:

• Date for the Fiscal Year End.
• Set the Current Period, which is the program default posting period.
• Select an inventory Valuation Method (if you have the Inventory add-on module).

Important! When you create a new company and set up accounting, you must set the program default Current Period. After that initial setup, you can only change the Current Period using 1-6 Period/Fiscal Year Management > Change Period. How?

To select a pre-built general ledger structure:

1. Open 1-8 General Ledger Setup.
2. On the Options menu, select one of the four pre-built chart of accounts.
3. Modify the account ranges.

Important! You must make any changes to the account structure or to ledger accounts before posting transactions to the general ledger.