Entry Un-Presented cheque for Last Year Account Below are guideline(s) on Entry Un-Presented Cheque for Last Year Account Step 1: Go to Bank Recon >> choose Bank Account >> click “Last Accounting Year Transactions” >> key in the Reference Number in “Ref. 1 No” column >> key in the un-presented cheque for last ye..
Category : 02. GL
A bank reconciliation statement (BRS) is a statement that a company prepares on a particular date to match the bank balance indicated in its cash book with the balance shown by the bank’s passbook. Step 1 : Click on side menu >> Financial >> Bank Reconciliation Step 2 : Choose “Bank ..
Bank reconciliation is the process that companies use to make sure that the cash balances they show on their books matches the actual cash they have in the bank. Step 1 : Click on side menu >> Financial >> Bank Reconciliation Step 2 : Choose “Bank name” which bank statement that you ..
A chart of accounts (COA) is a list of all the accounts you must use to record financial transactions in your general ledger. It helps you keep track of where money comes from and goes. A chart of accounts is integral to your bookkeeping, accounting, and financial reporting. Step 1 : Click on side ..
A journal entry is a record of a financial transaction, specifying the date, accounts involved, and amounts to be debited and credited, ensuring that debits always equal credits. Below are guideline(s) to create new journal entry: Step 1: Click on side menu>>Financial>>General Journal Step 2: a. Enter transaction date, document journal description b. Search your ..
Bank reconciliation is the process that companies use to make sure that the cash balances they show on their books matches the actual cash they have in the bank. “Reconcile to previous bank statement” Step 1 : Click on side menu >> Financial >> Bank Reconciliation Step 2 : Choose “Bank name” ..
During the creation of new account book, if you have selected ‘Chart of Account’, it will be displayed and you may just modify, add, delete or edit from existing chart of account list. Below are the steps for creating a new account code under an existing parent/ level account. Step 1: Click on side ..