OVERVIEW

CoreBridge isn't a replacement for accounting software.  It is an extension of your accounting software that manages the A/R side of accounting. 

  • Order Management
  • Accounts Receivable


HOW DOES MY FINANCIAL ACTIVITY GET TO MY ACCOUNTING SOFTWARE?

  • After your system is live, a support agent will help you export your CoreBridge financial activity to supported accounting software.


IS COREBRIDGE ACCRUAL BASIS OR CASH BASIS?

  • CoreBridge is Accrual Basis only.
  • If your accounting software is set to Cash Basis, we recommend reaching out to your accountant for help on how to convert from accrual to cash.


DOES COREBRIDGE SUPPORT BACKDATING?

  • Accounting can only move forward in CoreBridge so backdating isn't available.
  • For revenue recognition purposes, the Completed Date in CoreBridge is considered the Invoice Date. That date is set when an order is moved to Completed Status. The date cannot be set manually or changed.


COREBRIDGE ROLES vs ACCOUNTING SOFTWARE ROLES

  • Your CoreBridge system is designed to handle many aspects of your business. To better understand the roles of your CoreBridge system and your accounting software, we've broken down what CoreBridge does and does not handle from an accounting perspective.

Your CoreBridge system handles:

  • Accounts Receivable
  • Customers & Contacts
  • Invoices, Statements & Payments
  • Customer-related Income, Expense, Liability and Asset Accounts 
  • Customer Communications & Workflow
  • Reporting
  • Daily Closeouts – Please review the following support article: Reconciliations - Completing, Viewing, Reporting
  • Exporting data to your accounting software


Your CoreBridge system does NOT handle:

  • Accounts Payable
  • Bills, Overhead, and Other Expenses
  • Payroll
  • Bank Deposits
  • Costs of Goods Solf

 


STAFF RESPONSIBILITIES

  • Since CoreBridge is a cloud-based application, you can take advantage of this flexibility by having some of your staff handle roles that may previously have been handled by your bookkeeper or accountant such as:
    • Entering payments
    • Posting refunds


RELATED SUPPORT ARTICLES

The following articles will help you become more familiar with the accounting functionality in CoreBridge.