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Purchase of Fixed Assets with Hire Purchase
Purchase of Fixed Assets with Hire Purchase: Purchase of Machine value S$80,000.00 with down payment of S$25,600.00 Hire Purchase principal S$60,000.00 Monthly instalment S$1,150.00 x 60 months Total Interest charge (base on 3% interest) S$1,800.00 ...
4.0. Chart Of Accounts Setup
Creating an Expense Account STEPS: Click SETUP activity Click ACCOUNTS Click CHART OF ACCOUNT module Click NEW CODE enter EXP3301 Enter EXP as it is an expense account, and a unique number CATEGORY select EXPENSE Select the appropriate category ...
4.0. Purchase Order
Purchase Order A Purchase order is the document that is issued to the supplier. The Purchase Order module does not create accounting entries for all item types, but it does allow imports from QO/PI/IV modules. STEPS: Click on PURCHASES > PURCHASE ...
6.0 AR/AP
Statement of Accounts STEPS: Click on REPORT > AR/AP > STATEMENT OF ACCOUNT Select appropriate FILTERS Click on REFRESH Double click on entry to view Original Document Click on REPORT to browse all statements. Click on EXPORT PDF to download all ...
Upload my customized document layout.
Customized document layout will come in a dot XML extension file. Step 1 Click Maintenance -> Updates -> Document Settings Import Step 2 Select the location where the layout is. then click on 'Get Document' a list of the customized layouts will ...