Journals

Previous Next

All source documents such as receipts, check counterfoils, etc. are entered in their respective journals or books of prime entry.

To enter or capture data in a journal consists basically of 7 easy steps, once you have selected the required journal:

1.Set the options or defaults for the journal. (You only need to set the options once, unless your requirements change).

2.Enter the alias (name for the journal). (This will help you to identify the journals when generating journal type reports, export / import posted journals, etc.).

3.Select whether you wish your transactions to be inclusive or exclusive of VAT/GST/Sales Tax (If you do not use VAT/GST/Sales Tax, you may ignore this option). If no Tax (VAT/GST/Sales Tax) is applicable to all of the transactions in the journal, you may hide the Tax column and the Tax lookup facility in the Journal setup.

4.Enter the transactions in the journal. (“Capture” the data).

5.Balance the journal.

6.List the journal and retain the journal listing with your source documents.

7.Post the journal to the ledger.

TurboCASH allows you to enter or capture your transactions whenever you wish. You may capture the transactions on a daily basis and exit the journal screen without posting the journal to the ledger before proceeding to steps 5 and 6. The data will not be lost.

Created with the Personal Edition of HelpNDoc: Free Web Help generator