Opening
2.0. Opening GL
Opening GL As you have not started your business yesterday, you are already operating with balances in your accounts. These need to be brought forward to system. Note: Opening Entry does not have to be completed entirely in one sitting. Opening Entry ...
4.0. Opening Stock
Opening Stock This module is for entry of item details which currently make up the balance(s) in your Inventory/Stock account(s). At the simplest level, each Item that has Qty and Cost (as at Opening Date) will require an Opening Stock document. ...
3.0. Opening Invoice & Supplier Invoice
Opening Invoice & Supplier Invoice These 2 modules are for entry of Outstanding Documents—documents which are currently making up the balances in Trade Debtors and Trade Creditors accounts, respectively. Opening Invoice Assuming if your Trial Balance ...
7.0. Opening Adjustment Check
Opening Adjustment Check The Opening Adj. Check module is for checking that the Opening Entry has been completed correctly. Ensure that the following amounts match up: Opening Invoice total with Trade Debtors account(s) Opening Supplier Invoice total ...
1.0. Opening Entry Overview
Opening Entry Opening entries are essential for transitioning financial data into the new system accurately. They align general ledger balances, outstanding AR/AP documents, and inventory as of a chosen, audited date. This process ensures the ...
6.0. Opening Sales Credit Note
Opening Sales Credit Note STEPS: Click ADJUSTMENT activity Click OPENINGS Select OPENINGS INVOICE Select Date and Customer Enter value as a negative invoice display on the bottom right
5.0. Opening for Bank
STEPS: Click ADJUSTMENT activity Click OPENING GL module Click NEW Unpresented documents will be created 1 document per unpresented. Select Date and Account Code display on the top left module Enter value in Debit for Deposit Enter value in Credit ...