1. Guideline(s) to key in Below are guideline(s) to Enter Branch Opening Balance for Accounting: 1a. Open the [Opening Balance] screen. You may go to menu >>> Financial >>> Opening Balance >>> 3 dots [Branch Opening Balance] 1b. Choose Branch code 1c. Key in the green colour column, the opening balance of each account for ..
Category : 06. Financial
SKYBIZ Tax module can handle for SST, GST, VAT, etc. Below are guideline(s) SST setup. 1) Tax module activation, please go to General setup > and follow below guide to do setting. 2) Make sure Tax maintenance have show tax code. 3) Item maintenance tax code setup. Here you choose and setup default tax ..
General Journal is a document that records business transactions in sequential order and refers to a book of original entries, in which accountants and bookkeepers record raw business transactions It is first place to record data enries for unique transactions not specified in other accouting journals, such as checks or commissions. Below are guideline(s) to ..
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 ..
* In accounting, a payment voucher is a document that records a business’s outgoing payments, ensuring proper authorization and providing a detailed record of transactions, which is crucial for accurate financial records and audits. Below guide you how to recreate Payment Voucher to Supplier: Go to ” Financial “ then ” Payment Voucher “ ..
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” ..
Below are guideline(s) to do Bank Reconciliation : Step 1 :Go to “Bank Recon” Step 2 :Choose Bank Name Step 3 :Adjust Bank Statement Date Step 4 :Fill Figure “New Statement Balance” Step 5 :Click “Untick All” then “Refresh” Step 6 :Click In Transaction which want do Recon Nb :To do recon. you have to ..
Basically a payment voucher entry is prepared when a form pays money in cash or cheque, demand draf, or any other means to a supplier, customer or to any other source. It can be used as a proof of payment made from an account. Below are guideline(s) to Create, Edit and Delete Payment Voucher : ..