Opening Balances

Discussions, hints and tips for users of Retail-Man Point of Sale, from Ezi Solution.

Moderators: sami, graham

Opening Balances

Postby leads » Fri Feb 19, 2010 4:29 pm

Hi,
Can't find the correct way to enter my opening bank balance, etc.
Before starting with Rman I set up my bank accounts and have paid many expenses from these accounts or with cash. How do I enter this information correctly to show the opening balance etc? I have several business bank accounts. How do I enter each bank account?
Once this is done I want to withdraw money from my bank account for my cash register float (change). How do I enter this?
How do I enter expenses that were paid for before I started using Rman?

Any help greatly appreciated.
Kind regards, leads
leads
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Joined: Sun Oct 25, 2009 7:40 pm
Location: Switzerland

Postby sami » Sat Feb 20, 2010 10:42 am

You can use either the Journal or Entry Vouchers from the Accounts Menu.
The Entry will allow you to enter all your banks in one go but on the same date, so if you want to add money in to your bank account in the Entry Voucher, enter it in the Debit column, then the balancing entry has to go to an account in the 6 series (such as Shareholders) or a similar account.
Don't worry about making mistakes, you can always recall the transaction and fix or delete it.
sami
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Postby leads » Sat Feb 20, 2010 11:09 am

Many thanks for you help.
Kind regards, Leads
leads
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Posts: 9
Joined: Sun Oct 25, 2009 7:40 pm
Location: Switzerland


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