Setup – Part 2 of 2

This is part two of the Accounting Preparation steps. Prior to completing the steps in this article, you must complete part one first.


STEP 4 – Sync Tax Agencies

In CoreBridge, navigate to Accounting Module > Accounting Export > Account Setup tab.

  1. Click the Sync Tax Agencies button.
    • This pulls in all tax agencies with non-zero rates from the Management Module so that they can be matched.



STEP 5 – Match Reconciliation Accounts

In CoreBridge, navigate to Accounting Module > Accounting Export > Account Setup tab.

  1. Carefully read the instructions on the page before continuing.
  2. OPTIONAL – Lump Tax Agencies 
    • If you have or expect to have more than one Tax Agency, selecting this option will generate a single line for Sales Tax on the journal entry. This option is typically selected when you remit a single payment to a tax entity.
    • If you have or expect to have more than one Tax Agency, not selecting this option will allow you to match each Tax Agency in CoreBridge to a unique account in Sage. The journal entry will contain a line for each Tax Agency that had activity on the Reconciliation. 
    • If you only have one Tax Agency, selecting this option will provide the same result as not selecting it. The single Tax Agency will be matched to a single account in Sage.
  3. OPTIONAL – Ignore non-completed orders
    • Selecting this option will suppress the following 3 accounts from posting to the journal entry in Sage. The accounts are still calculated on each Reconciliation but they won't appear on the journal entry. 
    • If you select this option to keep the journal entry cleaner, you can run reports to calculate WIP and BUILT numbers and you can also view each Reconciliation to see what the current value was at that point in time.
    • WIP (Asset)
    • Built (Asset)
    • Orders Not Complete (Liability)
  4. Under My Accounting Software Accounts, for each account, click edit, enter the corresponding G/L Code (Account Number) (if applicable) and Account Name to match to Sage. Click save when finished with an account before moving on to the next one.

    NOTE:  Accounts MUST MATCH EXACTLY including Name, G/L Code, Type, and Hierarchy (parent/child). 
  5. TAX accounts
    • Be sure to match any tax account to a specific account in Sage.
    • If you selected the Lump Tax Agencies option, the name "Lump Tax Agencies" will appear as an account name. If you don't edit that account to match to a tax account in Sage, you will need to create an account in Sage named "Lump Tax Agencies".
    • If you did not select the Lump Tax Agencies option, the name of each Tax Agency will appear as an account name. If you don't edit each account to match to a tax account in Sage, you will need to create an account in Sage for each Tax Agency name displayed.
  6. OPTIONAL – If you want to keep your CoreBridge accounts separate from existing accounts that have data from a different system, you can create new accounts in Sage and map them to CoreBridge. This can be helpful if you are in the process of closing out a previous POS system and don't want to commingle funds in a single account.
    Examples:
    • CB A/R (instead of Accounts Receivable)
    • CB Deposits (instead of Deposits)
    • CB Bad Debt (instead of Bad Debt)


For a detailed explanation of these CoreBridge Reconciliation accounts, please review the following support article:  Reconciliation Account Details




STEP 6 – Notify Support That All Setup Steps Have Been Completed

Once the entire setup has been completed, notify support by replying back to your "sync setup" ticket. 


The agent assigned to your ticket will review your system to ensure that you have a successful first import. If any issues are found during the review the agent will let you know what the issues are so that they can be fixed. Once the review is successful the agent will send a scheduling link that you will use to arrange your First Sync meeting. 


The 1st Import to QuickBooks Desktop will be performed with a CoreBridge Support specialist on the scheduled meeting.


We recommend not performing a first import on your own.


Meeting Requirements:

  • Create a backup of your company file (optional)
  • Join the meeting on the same computer that Sage is installed on.
  • Sage cannot have a closing date after your Go Live date.