1.5.4: How to Record Cash Transactions and Reconcile Journal Entries.

1.5.4 Recording Transactions and Reconciling Journal Entries 

How to record cash transactions and reconcile journal entries.

Follow the following steps:

Step 1. On the accounting dashboard, click the (3dots) on the specific cash account in which you wish to record transactions as  shown below.

C:\Users\25470\Desktop\user guide for ucb\accounting\cash\Screenshot_1.png

Step 2. Click on the statement as shown below so as to create a cash statement as shown below.

C:\Users\25470\Desktop\user guide for ucb\accounting\cash\Screenshot_2.png

Step 3. On the page that opens up, click on the create button as shown below.

C:\Users\25470\Desktop\user guide for ucb\accounting\cash\Screenshot_3.png

Step 4. On the page that opens up, fill in the details as shown below. Fill in the reference for this record as you  fill in the details of that day's transactions as shown below. Remember to put a (-ve sign) if taking money out of that cash account as shown below.

Step 5. When done click on the save button as shown below.

C:\Users\25470\Desktop\user guide for ucb\accounting\cash\Screenshot_4.png

To reconcile journal entries follow the following steps:

Step 1. click the reconcile button as shown below.

C:\Users\25470\Desktop\user guide for ucb\accounting\cash\Screenshot_5.png

Step 2. For each transaction to be reconciled, choose a partner or a counterpart (account being reconciled against) as shown below.

Step 3. Click on the reconcile button to reconcile all entries.

C:\Users\25470\Desktop\user guide for ucb\accounting\cash\Screenshot_6.png

When you have reconciled all transactions, the following page will be displayed.

C:\Users\25470\Desktop\user guide for ucb\accounting\bank\Screenshot_7.png


Next:
How to view reports

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