Chapter- 3. Voucher Entries

Save this PDF as:
Size: px
Start display at page:

Download "Chapter- 3. Voucher Entries"

Transcription

1 Chapter- 3 Voucher Entries In manual accounting, we record transactions through Journal Entries. In Computerized Accounting Systems (e.g. Tally), we do it through voucher entry. Normally, a transaction is supported by a Department, e.g. Supplier Bill, Copy of Sales Bill, counter foil record slip entry of Cheque Book, Pay-in-slip, Pay Register etc. for every transaction source document, you should, enter a voucher. A voucher contains details of the transaction. Ex.: Rs. 10, cash with drawn from Bank of India's OD A/ C, another 50, from current A/C on same day from same Bank. Although cash withdrawn from same bank but from 2 accounts, the transaction should' be entered in 2 separate vouchers as there are two separate source documents for 2 Banks A/C and they are two separate events. In a voucher, a transaction is recorded, some examples of a transaction that needs a voucher is given below: 1. Payment for wages to employees. 2. Withdrawal of cash from Bank A/C. 3. Provision of Depreciation for fixed Assets. 4. Appropriation of Profit to Partner's capital A/C. Voucher Entry Different types of vouchers are as under. If you create new vouchers under voucher types, those will also be available: F4: Contra F5 : Payment F6 : Receipt F7: Journal (also Debit note, Credit note, If activated) F8 : Sales F9: Purchase

2 F10: Memorandum (also Reversing Journal, if activated) Making a Voucher Entry If you maintain accounts only, buttons in the 3rd Group and As invoice will not appear while if you maintain inventory only, buttons shown in the 2nd Group and As invoice will not appear. F2: Chg. Date: To Change Date of Voucher or effective date. F3: Company: To Change the company you are working. F4 : Contra: To create contra voucher F5: Payment: To create payment voucher F6: To create Receipt voucher F7: Journal: To create Journal, Debit/Credit note voucher F8: Sales: To create sales voucher F9: Purchases: To create purchase voucher FIO: Memos: To create Memorandum or Reverse Journal Voucher FII Features: To activate Reverse Journal Set Yes to respective options. Accounts Voucher Printing Voucher F4: Contra Voucher: This voucher is for fund transfers between Cash & Bank Accounts. E.g. Cash Deposits into Banks, Cash with drawn from Banks, Fund transfers between two Bank Accounts or Cash Accounts. The entries in this voucher follow the rule shown below: Particulars Debit Credit Cr Source of Funds (Amount) Dr. Destination of funds (Amount) (Narration...) Printing of Contra Voucher Configuration You can configure printing of Contra Voucher by configuring Journal/Contra Voucher Printing setup (at Gateway).

3 F5: Payment Voucher The payment voucher is for all payments you make through cash or banks. These payments can be towards expenses, payment, to trade creditors. Follow the below procedure to create a payment voucher. Particulars Debit Credit Cr Ledger A/ c received from (Amount) Dr. Cash/Bank A/c (Amount) If configured, fund transferred entries can also be made In payment voucher as explained under contra voucher above. Printing of Payment voucher configuration you can configure printing of payment voucher by configuring payment voucher printing setup (at Gateway) as shown in Figure. F6: Receipt voucher Cr Dr. Ledger A/c received from Cash/Bank A/ c Printing of receipt Voucher Configuration You can configure printing of Receipt Voucher by configuring Receipt Voucher Printing setup (at category). The voucher is for all receipts into the cash/bank Account. The voucher is similarly to the payment voucher except that you debit cash or Bank A/c and credit the ledger from which you receive. F7: JournaIVoucher A Journal voucher is an Adjustment voucher. Pass a journal entry when you want to adjust amount between two or more. Ledger accounts, without affecting Cash or Bank A/c. If you activated the use of Debit & Credit Notes in the Fll: Features, you get a choice of 3 types of journals vouchers on pressing

4 Printing of Journal voucher configuration You can configure printing of Journal voucher by configuration Journal/Contra voucher printing setup (at Gateway) as shown in Figure Some uses of Memo vouchers Making suspense payments For example: You could enter a voucher for the Petty Cash advance, a voucher to record the actual expenditure details when they are known, and another voucher to record the return cash. However, a simpler way to enter Memo voucher when the cash is advanced and then alter it to payment voucher for the actual amount spent, when known.. Voucher not verified at the time of entry There may be occasions when you are unable to understand the details of a voucher you are entering. Enter it as a Memo voucher and alter it when you get the details. Items given on approval Normal practice is to enter voucher when confirmed sales takes

5 place. When you give few items to one of your friends you are not sure whether he will buy all these or will return a part of it. You may record such transactions in Memo voucher to track them with Memo vouchers and convert it into a proper sales voucher depending on the outcome. Reverse Journal vouchers It is similar to Journal voucher but is not included in regulate: accounts. To get mid-year Final Accounts, make entries in Reverse Journal & While viewing Reports ask to include it. Normally books of AI c closes at year end. So there is no need to reverse these entries at year end as the books are closed. However, in middle of Final year, if such entries are incorporated, they must be reversed on the next day. This means that these entries are valid for one day only to reflect the state of affairs for a specific date.

Lesson 5: Voucher Entry in Tally.ERP 9

Lesson 5: Voucher Entry in Tally.ERP 9 Lesson 5: Voucher Entry in Tally.ERP 9 Lesson Objectives On completion of this lesson, you will be able to Describe the purpose of the Tally.ERP 9 Accounting Vouchers Create and alter Accounting Vouchers

More information

TRAINING MATERIAL TALLY MODEL COMPANY

TRAINING MATERIAL TALLY MODEL COMPANY TRAINING MATERIAL & TALLY MODEL COMPANY INDEX SR NO. PARTICULARS PAGE NO. 1 Basic Principles of Accounting 2 4 2 Golden Rules of Accounting 5 5 3 First Screen 6 6 4 Select Company 7 7 5 Choose Company

More information

Creating a Company involves providing basic information about the company whose books of accounts are to be maintained in Tally.ERP 9.

Creating a Company involves providing basic information about the company whose books of accounts are to be maintained in Tally.ERP 9. Creating a Company Creating a Company involves providing basic information about the company whose books of accounts are to be maintained in Tally.ERP 9. Go to Gateway of Tally > (Alt+F3) Company Info.

More information

Settle multiple bills through Bill Settlement in Tally.ERP 9

Settle multiple bills through Bill Settlement in Tally.ERP 9 Settle multiple bills through Bill Settlement in Tally.ERP 9 Did you know that the Tally.ERP 9 system lets you settle several outstanding bills for a party at one go? Bills for which the actual transfer

More information

COMPUTERISED ACCOUNTING WITH TALLY

COMPUTERISED ACCOUNTING WITH TALLY UNIVERSITY OF CALICUT SCHOOL OF DISTANCE EDUCATION B Com (Specialization Computer applications) (2011 Admission Onwards) VI Semester COMPUTERISED ACCOUNTING WITH TALLY QUESTION BANK 1. Tally package is

More information

RECORDING OF TRANSACTIONS (JOURNAL ENTRIES, LEDGER AND TRIAL BALANCE)

RECORDING OF TRANSACTIONS (JOURNAL ENTRIES, LEDGER AND TRIAL BALANCE) Source Document : RECORDING OF TRANSACTIONS (JOURNAL ENTRIES, LEDGER AND TRIAL BALANCE) A document which provides evidence of the transactions is called the Source Document such as Cash memo, Invoice etc.

More information

Page 1 of 38 www.experttraining.in Youtube.com/ViralJadhav viral@experttraining.in +91 9558821174

Page 1 of 38 www.experttraining.in Youtube.com/ViralJadhav viral@experttraining.in +91 9558821174 Page 1 of 38 www.experttraining.in Youtube.com/ViralJadhav viral@experttraining.in +91 9558821174 Don t just learn Data Entry in Tally.. Learn Complete Accounting and Taxation System with Industry Experts.

More information

Section 2: The Bookkeeping Process (Module 3)

Section 2: The Bookkeeping Process (Module 3) Section 2: The Bookkeeping Process Dermott Crofton dcrofton@sd62.bc.ca 1 This Section of the Course Bookkeeping Process Double Entry Bookkeeping Rules of Debits and Credits The T-Account Representing transactions

More information

Manual Book-keeping Vs Computerized Accounting

Manual Book-keeping Vs Computerized Accounting Page 1 of 13 Further Inside At This Level Last Edit: 24-Jul-09 Abhinav Junior College Sub: - Information Technology Std: -XII 2002-2003 Manual Book-Keeping Manual Book-keeping Vs Computerized Accounting

More information

Page 1 of 55 www.vijayadarsh.com Youtube.com/c/StayLearningNewdelhi Contact@vijayAdarsh.com +919268373738

Page 1 of 55 www.vijayadarsh.com Youtube.com/c/StayLearningNewdelhi Contact@vijayAdarsh.com +919268373738 Page 1 of 55 www.vijayadarsh.com Youtube.com/c/StayLearningNewdelhi Contact@vijayAdarsh.com +919268373738 About StayLearning StayLearning (a Division of AASS) believes in educating their students with

More information

Tally.ERP 9 ABHINAV PUBLICATIONS. By Prof. Bhutada Mrs. Archana Joshi. www.abhinavpublications.com. Notes For Computer Course Tally.

Tally.ERP 9 ABHINAV PUBLICATIONS. By Prof. Bhutada Mrs. Archana Joshi. www.abhinavpublications.com. Notes For Computer Course Tally. TALLY.ERP 9 NOTE FOR COMPUTER COURSE Tally.ERP 9 By Prof. Bhutada Mrs. Archana Joshi ABHINAV PUBLICATIONS Mobile : 9850850003, Tel. : (07264) 242622 www.abhinavpublications.com Notes For Computer Course

More information

BIWP FINANCIAL POLICY AND PROCEDURES

BIWP FINANCIAL POLICY AND PROCEDURES BIWP FINANCIAL POLICY AND PROCEDURES Approved by the management committee on 17 th April 2015 1. Introduction 1. We have a management committee which is elected at the Annual General Meeting. 2. The management

More information

Chapter 5. Accounting for merchandising operations. Appendix 5A: Periodic inventory system

Chapter 5. Accounting for merchandising operations. Appendix 5A: Periodic inventory system 1 Chapter 5 Accounting for merchandising operations Appendix 5A: Periodic inventory system 2 Learning objectives 1. Record purchase and sales transactions under the periodic inventory system 2. Prepare

More information

Book of prime entry C H A P T E R. Chapter Introduction. Fundamentals of Financial Accounting

Book of prime entry C H A P T E R. Chapter Introduction. Fundamentals of Financial Accounting Fundamentals of Financial Accounting C H A P T E R 2 Books of Prime Entry Chapter Introduction The ledger accounts of a business are the main source of information used to prepare the financial statements.

More information

Volume 1 Volume 2 Volume 3. 8 Chapters 7 Chapters 4 Chapters 301 Pages 447 Pages 332 Pages

Volume 1 Volume 2 Volume 3. 8 Chapters 7 Chapters 4 Chapters 301 Pages 447 Pages 332 Pages LEARNING TALLY.ERP 9 The content of these books is developed by Tally Solutions (P) Ltd., and complies with the prescribed syllabus of Study Materials which is in three Volumes include 19 Chapters and

More information

Accounting II Second Semester Final

Accounting II Second Semester Final Name: Class: Date: Accounting II Second Semester Final Multiple Choice Identify the letter of the choice that best completes the statement or answers the question. 1. Profit is the difference between:

More information

Overview of Computerised Accounting System

Overview of Computerised Accounting System Chapter- 1 Overview of Computerised Accounting System Introduction A Computerized Accounting System is now a basic necessity and no longer a luxury among businesses of whatever orientation and size. In

More information

Great Aycliffe Town Council. Purchase Ordering and Payment for Goods and Services Policy

Great Aycliffe Town Council. Purchase Ordering and Payment for Goods and Services Policy Great Aycliffe Town Council Purchase Ordering and Payment for Goods and Services Policy Finance Section April 2013 1.0 Introduction 1.1 This policy sets out the Council s arrangements for ordering, receiving,

More information

Any business activity, be it manufacturing, servicing or trading, involves

Any business activity, be it manufacturing, servicing or trading, involves chp-12.qxd 10/18/05 12:45 PM Page 119 CHAPTER 12 Bookkeeping and Accounting and Financial Statements Any business activity, be it manufacturing, servicing or trading, involves monetary transactions. At

More information

Basic Concepts of Accounting Subsidiary Subsidiary Special Special Inform Infor a m tion Ledgers Ledger Journals Jour Systems

Basic Concepts of Accounting Subsidiary Subsidiary Special Special Inform Infor a m tion Ledgers Ledger Journals Jour Systems COMPUTERIZED ACCOUNTING SYSTEMS Basic Concepts of Accounting Information Systems Subsidiary Ledgers Special Journals Computerized accounting systems Manual accounting systems Example Advantages Sales journal

More information

Grade 10 Accounting Notes SET 2: Basics Cash Retail Business Cash Transactions. Name: JCansfield Page 1 of 27

Grade 10 Accounting Notes SET 2: Basics Cash Retail Business Cash Transactions. Name: JCansfield Page 1 of 27 Grade 10 Accounting Notes SET 2: Basics Cash Retail Business Cash Transactions Name: JCansfield Page 1 of 27 Accounting Cycle The Accounting cycle takes place over 12 months. We refer to this as the Financial

More information

Department of Management Studies

Department of Management Studies Department of Management Studies 1 BACHELOR OF MANAGEMENT STUDIES DEGREE PROGRAMME FINANCIAL & COST ACCOUNTING MCU 1206 DAY SCHOOL 01 15/08/2015 Content Unit Slides Time (hrs.) UNIT 01 INTRODUCTION TO

More information

Lesson 6: Advanced Accounting in Tally.ERP 9

Lesson 6: Advanced Accounting in Tally.ERP 9 Lesson 6: Advanced Accounting in Tally.ERP 9 Lesson Objectives On completion of this lesson, you will be able to Maintain Bill-wise Details Create and maintain Cost Centres Create and maintain Multiple

More information

Bookkeeping Proficiency

Bookkeeping Proficiency Bookkeeping Proficiency (Exam) Your AccountingCoach PRO membership includes lifetime access to all of our materials. Take a quick tour by visiting www.accountingcoach.com/quicktour. Table of Contents (click

More information

Tally 9 List of Shortcuts 1

Tally 9 List of Shortcuts 1 Tally 9 List of Shortcuts 1 Keys ALT + 2 ALT + A ALT + C Functions To Duplicate a voucher To Add a voucher / To Alter the column in columnar report To create a master at a voucher screen (if it has not

More information

Bank Over Draft Limit Management

Bank Over Draft Limit Management Bank Over Draft Limit Management (Version 1.0) IMPRESSIVE STAR SOFTWARES (P) LTD. {Tally Integration, Extension, Distribution, Training & Service Partner} {Tally Shoper Retail Solution Partner} F-3, Mayur

More information

Week 6 Accounting Information Systems 1/6

Week 6 Accounting Information Systems 1/6 Week 5 Horngren, Chapter 8, Accounting Information Systems When we have collected the data from transactions and then analysed and summarised the economic effect of those transactions the process has involved

More information

Special Key Combination

Special Key Combination ICST Institute Tally.erp9 Notes Page 1 of 6 Tally.erp9 Shortcuts The shortcut keys appear in button names in the button bar (right side of the Tally ). You can either click the button from the button bar

More information

FINANCIAL AND PURCHASING RECORDS. Includes records showing a summary of receipts, disbursements and other activity against each account.

FINANCIAL AND PURCHASING RECORDS. Includes records showing a summary of receipts, disbursements and other activity against each account. FINANCIAL AND PURCHASING RECORDS FN-1 Account Distribution Summaries (Treasurer s Report) Includes records showing a summary of receipts, disbursements and other activity against each account. Weekly/Monthly-

More information

The Journal Correcting errors, posting wages & dealing with bad debts

The Journal Correcting errors, posting wages & dealing with bad debts The Journal Correcting errors, posting wages & dealing with bad debts Sales Returns for the month of September of 1,500 have been entered into the accounts as Sales Return Account Date Details p Date Details

More information

The following facts are discussed in this chapter.

The following facts are discussed in this chapter. 9 The following facts are discussed in this chapter. 9.1 Bank Account Recording of cash deposits in the bank account Recording of cheque deposits in the bank account Issuing of cheques for payments Dishonouring

More information

INTRODUCTION. Accounting Terms. Q.1) What is Book-keeping? Ans.1)Book-Keeping is an art of recording business transaction.

INTRODUCTION. Accounting Terms. Q.1) What is Book-keeping? Ans.1)Book-Keeping is an art of recording business transaction. INTRODUCTION Accounting Terms Q.1) What is Book-keeping? Ans.1)Book-Keeping is an art of recording business transaction. Q.2) What is an Account? Ans.2)An Account is a summarized record of transaction

More information

REACH TRADING SOFTWARE USER MANUAL

REACH TRADING SOFTWARE USER MANUAL REACH TRADING SOFTWARE USER MANUAL First go to www.reachaccountant.com and download desktop software found at the left hand side bottom under Industrial Verticals (B2C) and follow the steps. While downloading

More information

Mustafa Khuwaja - CAT Finalist

Mustafa Khuwaja - CAT Finalist 1 Run through the Flashcards as often as you can during your final revision period. The day before the exam, try to go through the Flashcards again. You will be well on your way to passing your exams.

More information

ACCOUNTING FOR BUSINESS TRANSACTIONS

ACCOUNTING FOR BUSINESS TRANSACTIONS MODULE - 1 4 ACCOUNTING FOR BUSINESS TRANSACTIONS You visit the shop of a person known to you and observe the activities he/ she is doing. He/she is selling goods for cash and on credit, collecting payments,

More information

Chapter 4: Transactions to General Ledger Chapter Review Solutions

Chapter 4: Transactions to General Ledger Chapter Review Solutions Introductory Accounting - Accounting to Trial Balance Chapter 4: Transactions to General Ledger Chapter Review Solutions 2. Invoice: A bill charging a customer for goods supplied or service provided on

More information

EdgeLink Accounting Transfer Utility For Simply Accounting

EdgeLink Accounting Transfer Utility For Simply Accounting EdgeLink Accounting Transfer Utility For Simply Accounting Copyright Edge Management Systems Inc 403.948.0611 The EdgeLink Accounting Transfer Utility is an optional add-on module available within the

More information

FINACS INVENTORY Page 1 of 9 INVENTORY TABLE OF CONTENTS. 1. Stock Movement...2 2. Physical Stock Adjustment...7. (Compiled for FINACS v 2.12.

FINACS INVENTORY Page 1 of 9 INVENTORY TABLE OF CONTENTS. 1. Stock Movement...2 2. Physical Stock Adjustment...7. (Compiled for FINACS v 2.12. FINACS INVENTORY Page 1 of 9 INVENTORY TABLE OF CONTENTS 1. Stock Movement...2 2. Physical Stock Adjustment...7 (Compiled for FINACS v 2.12.002) FINACS INVENTORY Page 2 of 9 1. Stock Movement Inventory

More information

Bank Deposit Account

Bank Deposit Account Bank Deposit Account Lesson 16 Bank Deposit Account You have already learnt that the main banking activities consist of acceptance of deposit from the public for the purpose of lending to businessmen and

More information

POSTING RCT AND VAT TRANSACTIONS ON COMPUTERISED ACCOUNTS SYSTEMS A GUIDE FOR ACCOUNTS PERSONNEL

POSTING RCT AND VAT TRANSACTIONS ON COMPUTERISED ACCOUNTS SYSTEMS A GUIDE FOR ACCOUNTS PERSONNEL POSTING RCT AND VAT TRANSACTIONS ON COMPUTERISED ACCOUNTS SYSTEMS A GUIDE FOR ACCOUNTS PERSONNEL 1 CONTENTS TAS Menu Page Introduction 3 Section 1 TAS SETUP 1. Set up VAT and RCT NOMINAL CODES 111 5 2.

More information

EasyPC Training. Accounting Basics

EasyPC Training. Accounting Basics EasyPC Training Accounting Basics Contents Accounting Basics... 3 The Accounting Equation... 3 Assets... 3 Liabilities... 3 Owner s Equity... 3 The Balance Sheet... 5 Double Entry Bookkeeping... 6 Ledger

More information

BANK RECONCILIATION 08 MAY 2014

BANK RECONCILIATION 08 MAY 2014 BANK RECONCILIATION 08 MAY 2014 In this lesson we: Lesson Description Focus on Bank Reconciliation Summary In the business world, control of cash is facilitated by depositing cash sales and other receipts

More information

We now examine the documents and procedures used to perform each step. Step 1: Capture Transaction Data on Source Documents

We now examine the documents and procedures used to perform each step. Step 1: Capture Transaction Data on Source Documents Journals and Ledgers TRANSACTION PROCESSING: DOCUMENTS AND PROCEDURES IN A MANUAL AIS One basic function of the AIS is the efficient and effective processing of data about a company s transactions. Transaction

More information

SIMMS. Accounts Payable Module. Table of Contents. Check Numbers. Currency Trader Manual Check Entry. Paying Bills. Inventory Management System

SIMMS. Accounts Payable Module. Table of Contents. Check Numbers. Currency Trader Manual Check Entry. Paying Bills. Inventory Management System 201-31234 Wheel Avenue, Abbotsford, BC V2T 6G9 Tel: 604-504-7936 Fax: 604-504-7976 Website: www.kcsi.ca Email: sales@kcsi.ca SIMMS Inventory Management System Accounts Payable Module Table of Contents

More information

2012 Annual Financial Statements Questionnaire

2012 Annual Financial Statements Questionnaire Nair & Chen Chartered Accountants Limited 280 Great South Rd PO BOX 74-322 Greenlane Auckland 1051, New Zealand 2012 Annual Financial Statements Questionnaire Business Name: Financial Year ended: 2012

More information

0452 ACCOUNTING 0452/02 Paper 2, maximum raw mark 100

0452 ACCOUNTING 0452/02 Paper 2, maximum raw mark 100 www.xtremepapers.com UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education MARK SCHEME for the October/November 2009 question paper for the guidance

More information

INTRODUCTION SAHAJ ACCOUNTING

INTRODUCTION SAHAJ ACCOUNTING INTRODUCTION Welcome to SAHAJ ACCOUNTING software, not just accounting, complete business solutions. Whether you plan to manage your personal accounts or the finances of your business, you can use SAHAJ

More information

ACCOUNTING 1 (ACN101- M)

ACCOUNTING 1 (ACN101- M) 1 ACCOUNTING 1 (ACN101- M) STUDY UNIT 1: THE NATURE AND FUNCTION OF ACCOUNTING DEFINITION: Accounting can be defined as the orderly & systematic recording of the monetary values of financial transactions

More information

NON-INTEGRAL OR COST LEDGER ACCOUNTING SYSTEM

NON-INTEGRAL OR COST LEDGER ACCOUNTING SYSTEM CHAPTER 7 NON-INTEGRAL OR COST LEDGER ACCOUNTING SYSTEM INTRODUCTION Just as financial accounting system is maintained with certain objectives in view, cost accounting system is often distinctively maintained

More information

Veideretti Cabinets, Incorporated

Veideretti Cabinets, Incorporated Veideretti Cabinets, Incorporated 2 nd Web-Based Edition Transactions for June 24-30, And the June 30 th Bank Reconciliation Page 1 TRANSACTIONS FOR JUNE 24-26 June 24: Paying an expense A $120 check (30429)

More information

Implementing RMAN and Ezi Accounting

Implementing RMAN and Ezi Accounting Implementing RMAN and Ezi Accounting There are two scenarios when you start using the programs: 1- You are starting a new business This is one of the easiest cases, all what needs to be done is, enter

More information

Prerequisite : Stable internet connection ; Mozilla or Chrome browser ; Disable browser pop-up ; own laptop

Prerequisite : Stable internet connection ; Mozilla or Chrome browser ; Disable browser pop-up ; own laptop Wavelet Management Suite - Training_Schedule - # 30 - Migrated to https://wavelet.atlassian.net/wiki/display/wms/wavelet+training Training Schedule Project Implementation / Training Schedule Prerequisite

More information

User Documentation. Accounts Payable. June 2008 www.randrinc.com

User Documentation. Accounts Payable. June 2008 www.randrinc.com User Documentation Accounts Payable June 2008 www.randrinc.com FP_UserManual_AccountsPayable.doc Page 1 Table of Contents: Page: 1. Overview 3 2. Enter Vendor Invoice 4 3. Pay AP, Change, Display 6 4.

More information

LOCAL TRAINING INITIATIVE

LOCAL TRAINING INITIATIVE Training Standards System LOCAL TRAINING INITIATIVE BOOKS OF ACCOUNT AND RECORD KEEPING Best Practice Guidelines Page 1 of 13 The LTI must comply with public procurement guidelines when purchasing goods

More information

User Guide. For. Diaspark ERP Software. Cash Manager Module

User Guide. For. Diaspark ERP Software. Cash Manager Module User Guide For Diaspark ERP Software Version 2.0 Diaspark Inc. 200, Metroplex Drive Suit 401, Edison, NJ 08820 Web: www.diaspark.com CM-User Guide-Ver-2.0 Page 1 of 12 Creation Date 24-Oct-11 Release Notice

More information

Sage Accounting A Step by Step Guide

Sage Accounting A Step by Step Guide Sage Accounting A Step by Step Guide Integra Accounting Limited Chartered Certified Accountants 5 Station Road Hinckley Leicestershire LE10 1AW Tel: 01455 238551 Email: enquiries@integra-accounting.co.uk

More information

Glossary of Accounting Terms

Glossary of Accounting Terms Glossary of Accounting Terms Account - Something to which transactions are assigned. Accounts in MYOB are in one of eight categories: Asset Liability Equity Income Cost of sales Expense Other income Other

More information

Mass E-mailing in Tally.ERP 9

Mass E-mailing in Tally.ERP 9 Mass E-mailing in Tally.ERP 9 Did you know that you could send various reports and Pay Slips to multiple recipients right from your Tally.ERP 9 system? Communicating with hundreds of your business partners

More information

CHAPTER 1: END-OF-CHAPTER QUESTIONS

CHAPTER 1: END-OF-CHAPTER QUESTIONS PLEASE NOTE: You do not have permission to share the following information with anyone who is not currently registered for BUS 93 at Chabot College. Such permission must be obtained from the publisher

More information

APLUS R-SERIES SOFTWARE PRODUCT INFORMATION

APLUS R-SERIES SOFTWARE PRODUCT INFORMATION APLUS R-SERIES SOFTWARE PRODUCT INFORMATION http://aplus.com.my Email: support@aplus.com.my 1 APLUS SOFTWARE FOR R-SERIES Module WAE-R Aplus Accounting software is designed and developed by International

More information

How do I Process Discounts, Refunds and Rebates?

How do I Process Discounts, Refunds and Rebates? 1/5 How do I Process Discounts, Refunds and Rebates? 1. Introduction. 2. Discounts. 3. Invoice Discounts. 4. Payment Discounts. 5. Invoice Refunds. 6. Cash Refunds. 7. Rebates. 1. Introduction: You need

More information

LESSON 14: CASH BOOK, PASS BOOK, BANK RECONCILIATION STATEMENT

LESSON 14: CASH BOOK, PASS BOOK, BANK RECONCILIATION STATEMENT LESSON 14: CASH BOOK, PASS BOOK, BANK RECONCILIATION STATEMENT STRUCTURE 14.1 Introduction 14.2 Objectives 14.3 Cash Book 14.4 Types of Cash Book 14.4.1 Simple Cash Book 14.4.2 Two Column Cash Book 14.4.3

More information

Chapter 7. Special Journals and Subsidiary Ledgers

Chapter 7. Special Journals and Subsidiary Ledgers 1 Chapter 7 Special Journals and Subsidiary Ledgers 2 Learning objectives 1. Explain the purpose of special journals 2. Explain the purpose of control accounts and subsidiary ledgers 3. Journalize transactions

More information

Reference Document Month-End Closing

Reference Document Month-End Closing Overview Each individual company according to their own business practices establishes month end closing procedures. Typically, a company will create a monthly accounting calendar, which sets the dates

More information

Deposit via Credit Card

Deposit via Credit Card Deposit via Credit Card Step 1: Login your account from NatureForex website Step 2: Choose Deposit/Withdraw button Step 3: Select the account destination and enter the deposit amount. Then choose deposit

More information

Assessment Schedule 2013 Accounting: Prepare financial information for an entity that operates accounting subsystems (91176)

Assessment Schedule 2013 Accounting: Prepare financial information for an entity that operates accounting subsystems (91176) NCEA Level 2 Accounting (91176) 2013 Page 1 of 7 Assessment Schedule 2013 Accounting: Prepare financial information for an entity that operates accounting subsystems (91176) Evidence Part A Question One

More information

Chapter 8. Describe an effective accounting information system. Learning Objectives. Objective 1. Accounting Information Systems

Chapter 8. Describe an effective accounting information system. Learning Objectives. Objective 1. Accounting Information Systems PowerPoint to accompany Chapter 8 Accounting Information Systems Learning Objectives 1. Describe an effective accounting information system 2. Understand both computerised and manual accounting systems

More information

Glossary of Accounting Terms Peter Baskerville

Glossary of Accounting Terms Peter Baskerville Glossary of Accounting Terms Peter Baskerville Account for or 'bring to account': An accounting phrase used to describe the recording of a financial transaction that is required under the generally accepted

More information

MARK SCHEME for the October/November 2014 series 0452 ACCOUNTING. 0452/23 Paper 2, maximum raw mark 120

MARK SCHEME for the October/November 2014 series 0452 ACCOUNTING. 0452/23 Paper 2, maximum raw mark 120 CAMBRIDGE INTERNATIONAL EXAMINATIONS Cambridge International General Certificate of Secondary Education MARK SCHEME for the October/November series 0452 ACCOUNTING 0452/23 Paper 2, maximum raw mark 120

More information

GRAP Implementation Guide for Municipalities

GRAP Implementation Guide for Municipalities GRAP Implementation Guide for Municipalities TOPIC 2.3: BANK ACCOUNTS AND CASH This section of the manual sets out the FSOP s that need to be executed by the municipality regarding Bank Balances and Cash.

More information

(AA11) FINANCIAL ACCOUNTING BASICS

(AA11) FINANCIAL ACCOUNTING BASICS All Rights Reserved ASSOCIATION OF ACCOUNTING TECHNICIANS OF SRI LANKA AA1 EXAMINATION - JANUARY 2016 (AA11) FINANCIAL ACCOUNTING BASICS Instructions to candidates (Please Read Carefully): (1) Time allowed:

More information

Easy Debits & Credits. A Step By Step Guide to Basic Bookkeeping

Easy Debits & Credits. A Step By Step Guide to Basic Bookkeeping Easy Debits & Credits A Step By Step Guide to Basic Bookkeeping This workbook, packed with simple explanations and practical activities has been written by Stephen Blacktop. Stephen has many years of experience

More information

In the event of a tie, the score on the last ten questions will be used as a tie-breaker.

In the event of a tie, the score on the last ten questions will be used as a tie-breaker. NEW YORK STATE ASSOCIATION FUTURE BUSINESS LEADERS OF AMERICA SPRING DISTRICT MEETING ACCOUNTING I 2010 TEST DIRECTIONS 1. Complete the information requested on the answer sheet. PRINT your name on the

More information

Pastel Grade 12 Accounting Study Guide

Pastel Grade 12 Accounting Study Guide Pastel Grade 12 Accounting Study Guide Table of Contents [ Lesson 1-An Introduction ]... 3 A. Types of Companies... 3 B. The Double Entry System... 5 C. Bookkeeping Cycle... 8 [ Lesson 2-Introduction to

More information

Wings 2013 Accounting Lite Manual

Wings 2013 Accounting Lite Manual Wings 2013 Accounting Lite Manual January 2013 Wings Infonet Ltd, Hyderabad, India No part of this manual can be reproduced in any manner whatsoever or translated in any manner without the written permission

More information

VIDYANJALI EDUCATION ACCOUNTS FOR 11 TH, 12 TH, B.COM. (P/H), B.B.A., M.B.A., C.P.T.

VIDYANJALI EDUCATION ACCOUNTS FOR 11 TH, 12 TH, B.COM. (P/H), B.B.A., M.B.A., C.P.T. Ramesh Singh: 9899225227 & 8800859841 VIDYANJALI EDUCATION ACCOUNTS FOR 11 TH, 12 TH, B.COM. (P/H), B.B.A., M.B.A., C.P.T. Journal and Ledger Journal: It is a book in which transactions are recorded in

More information

This is a legal requirement as directed in the Finance Instruction 2/97 dated 16 th October 1997.

This is a legal requirement as directed in the Finance Instruction 2/97 dated 16 th October 1997. SECTION 11: BANK RECONCILIATION & PROCEDURES All bank accounts operated by Government departments including Provincial and Local-level Governments MUST be reconciled and all relevant statements should

More information

Century 21 Accounting, 8e General Journal Chapter Outlines

Century 21 Accounting, 8e General Journal Chapter Outlines Century 21 Accounting, 8e General Journal Chapter Outlines PART 1 Chapter 1 ACCOUNTING FOR A SERVICE BUSINESS ORGANIZED AS A PROPRIETORSHIP Starting A Proprietorship: Changes that Affect the Accounting

More information

SAMPLE QUESTION PAPER IN ACCOUNTANCY. Time: Three Hours Maximum Marks: 100

SAMPLE QUESTION PAPER IN ACCOUNTANCY. Time: Three Hours Maximum Marks: 100 SAMPLE QUESTION PAPER IN ACCOUNTANCY Time: Three Hours Maximum Marks: 100 Note: The question paper is divided into two sections A and B. Attempt all questions of Section A and any one question of Section

More information

ACCOUNTING SCHOLAR.COM GENERAL ACCOUNTING CHEAT SHEET This sheet is not for unauthorized distribution.

ACCOUNTING SCHOLAR.COM GENERAL ACCOUNTING CHEAT SHEET This sheet is not for unauthorized distribution. ACCOUNTING SCHOLAR.COM GENERAL ACCOUNTING CHEAT SHEET This sheet is not for unauthorized distribution. Table of Contents 1. Balance Sheet & Assets, Liabilities & Shareholder s Equity (Pages 2 and 3) 2.

More information

Month-end Close in a Non-profit Organization

Month-end Close in a Non-profit Organization Month-end Close in a Non-profit Organization Cindy Cline Cline Consulting and Training Solutions, LLC Agenda Introductions How the Applications Work Together Month-end Close Processes Planning Your Month-end

More information

How to handle Factoring in your Sage BusinessWorks

How to handle Factoring in your Sage BusinessWorks How to handle Factoring in your Sage BusinessWorks Generally, factoring is a way for a business to receive immediate cash for their accounts receivables by selling invoices to a factoring company. The

More information

BUSINESS BOOKKEEPING & ACCOUNTS Designed to produce bookkeeping and accounts personnel trained in the

BUSINESS BOOKKEEPING & ACCOUNTS Designed to produce bookkeeping and accounts personnel trained in the INTERNATIONAL DIPLOMA PROGRAM ON BUSINESS BOOKKEEPING & ACCOUNTS Designed to produce bookkeeping and accounts personnel trained in the MODERN PRACTICAL METHODS OF ACCOUNTING Trained and competent bookkeeping

More information

10. Payables Journal Entries

10. Payables Journal Entries 10. Payables Journal Entries SMARTStream Payables generates journal entries throughout the life cycle of an invoice, from the invoice processing to the payment processing and the payment clearance processing.

More information

TALLY ACCOUNTING GUIDELINES for a trading enterprise having transactions in multi currency

TALLY ACCOUNTING GUIDELINES for a trading enterprise having transactions in multi currency TALLY ACCOUNTING GUIDELINES for a trading enterprise having transactions in multi currency This document highlights some important features available in the tally viz., accounting vouchers, multi currency

More information

FIA FA1. Recording Financial Transactions

FIA FA1. Recording Financial Transactions FIA FA1 Recording Financial Transactions Chapter 1 Business transactions and documentation What is a business? Business transactions Discounts Sales tax Storage of information What is a business? Business

More information

Financial Accounting. John J. Wild. Sixth Edition. McGraw-Hill/Irwin. Copyright 2013 by The McGraw-Hill Companies, Inc. All rights reserved.

Financial Accounting. John J. Wild. Sixth Edition. McGraw-Hill/Irwin. Copyright 2013 by The McGraw-Hill Companies, Inc. All rights reserved. Financial Accounting John J. Wild Sixth Edition McGraw-Hill/Irwin Copyright 2013 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 06 Reporting and Analyzing Cash and Internal Controls Conceptual

More information

Sage Careline is open between 8am to 8pm, Monday to Friday, excluding public holiday Phone Support Hotline : 1300 88 SAGE (7243)

Sage Careline is open between 8am to 8pm, Monday to Friday, excluding public holiday Phone Support Hotline : 1300 88 SAGE (7243) This courseware is the property of Sage Software Sdn. Bhd., and is prepared for training purposes at Sage Training Centre (STC). It covers GST features available in Sage UBS 2015 [Version 9.9.1.0] onwards.

More information

Objective: Business Case: Key Points: Business Group: Set of Books: Operating Unit: Inventory Organization: Costing Method: Disclaimer:

Objective: Business Case: Key Points: Business Group: Set of Books: Operating Unit: Inventory Organization: Costing Method: Disclaimer: Objective: This Document is to make the user to understand the flow of accounting in Oracle applications, in Purchasing, Manufacturing, Inventory, Order Management and Financial Modules Payables, Receivables,

More information

Service Tax Data Migration

Service Tax Data Migration The information contained in this document is current as of the date of publication and subject to change. Because Tally must respond to changing market conditions, it should not be interpreted to be a

More information

Double entry bookkeeping

Double entry bookkeeping ACCOUNTS PREPARATION I Double entry bookkeeping Introduction A sound knowledge of double entry underpins many of the learning outcomes and skills required for Accounts Preparation I. A sound understanding

More information

Procedures & program of auditing assets. Section one Procedures & program of Auditing Fixed Assets

Procedures & program of auditing assets. Section one Procedures & program of Auditing Fixed Assets CHAPTER FOUR Procedures & program of auditing assets Section one Procedures & program of Auditing Fixed Assets 1. Record and inspection 1-1 Examining due procedures of the properties of fixed assets. 1-2

More information

Accounting Norms and Principles January 7, 2003

Accounting Norms and Principles January 7, 2003 1 Accounting Norms and Principles January 7, 2003 The purpose of an accounting system is to provide credit union management with complete and accurate financial information that can be used to operate

More information

Go to Tools General Ledger Setup Ledger Codes and Tab 5: Ledger Codes

Go to Tools General Ledger Setup Ledger Codes and Tab 5: Ledger Codes Debit Card Functionality in FMS6 The SIMS Spring 2015 release introduced functionality to assist schools to record the use of debit cards to pay for goods and services. Prior to this release, payments

More information

The learners shall be able to

The learners shall be able to Grade: 12 Course Title: Fundamentals of Accountancy, Business and Management 2 Semester: 1 st Semester, 1 st Quarter No. of Hours/ Semester: 80 hours/ semester Prerequisite: Fundamentals of Accountancy,

More information

Legal Accounting in GhostPractice

Legal Accounting in GhostPractice Software Overview Legal Accounting in GhostPractice GhostPracticeoffers several user-friendly modules ideally configured for bookkeeping and financial Management in a Legal Practice These modules are:

More information

FSD Finance One User Manual Accounts Payable Last update: October 2013

FSD Finance One User Manual Accounts Payable Last update: October 2013 i FSD Finance One User Manual Accounts Payable Last update: October 2013 Accounts Payable Table of Contents AP1.0 Invoice Entry (APINV)... 1 AP2.0 Accounts Payable Ledger Enquiries... 8 AP3.0 Additional

More information

Regular and Special Bingo Licence Terms and Conditions

Regular and Special Bingo Licence Terms and Conditions Alcohol and Gaming Commission of Ontario Gaming Registration & Lotteries 90 SHEPPARD AVENUE EAST SUITE 200 TORONTO ON M2N 0A4 Tel.: 416 326-8700 Fax: 416 326-5555 1 800 522-2876 toll free in Ontario Website:

More information

www.openmiracle.com SRS

www.openmiracle.com SRS www.openmiracle.com SRS Overview of OPENMIRACLE OpenMiracle is an open source accounting software, ie its sourec code is available free of cost for life time. It is an attempt to make software accounting

More information

LESSON 1: INTRODUCTION TO FINAL ACCOUNT

LESSON 1: INTRODUCTION TO FINAL ACCOUNT CONTENTS LESSON 1: INTRODUCTION TO FINAL ACCOUNT 1.0. Aims and Objectives 1.1 Introduction 1.1.1. Definition 1.2. Sundry Debtors 1.3. Sundry Creditors 1.4. Final Accounts 1.5. Trading Account 1.5.1. Balancing

More information