1.3.1: How to Post Opening Balance of Customers.3 Views •
1.5.4: How to Record Cash Transactions and Reconcile Journal Entries.3 Views •
1.3.2: How to Post Opening Balances for Suppliers.3 Views •
1.5.3.How to Reconcile Journal Entries.2 Views •
1.4: How to Create Bank Account2 Views •
1.5: How to Create a Bank Statement.2 Views •
1.6.2: How to View Tax Report.2 Views •
1.5.2 How to Record Transactions and Reconcile Journal Entries.2 Views •
1.1: How to Create a Journal.1 Views •
1.5.1: How to Record Transactions in a Bank Statement.1 Views •
1.3: How to Create Journal Entries.1 Views •
1.2: How to Create a Chart of Accounts.1 Views •
Overview1 Views •
1.4.1: How to Create Bank Opening Balance.1 Views •
8.1: How to Generate a Pay Slip for a Single Employee.0 Views •
Overview0 Views •
4.2: How to Create a Sales Return.0 Views •
2.1: How to Create a Request for Quotation(RFQ).0 Views •
Overview0 Views •
3.9: Batch Picking0 Views •
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.
Step 2. Click on the statement as shown below so as to create a cash statement as shown below.
Step 3. On the page that opens up, click on the create button as shown below.
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.
To reconcile journal entries follow the following steps:
Step 1. click the reconcile button as shown below.
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.
When you have reconciled all transactions, the following page will be displayed.
Next: How to view reports