...s-14%
Purchases of Capital goods or services, which will be used in the business.
17
Adjustments-Bad Debts
If
VAT was charged to Debtor accounts, and VAT (Output Ta...
...Tax Accounts) will be displayed.
In the same export file, the latest updated information regarding any
adjustments and transactions (Quantity on Hand and Average Cost) would
also be included ...
...ccounts
This option allows you to link or process selected debit
transactions (payments made, returns, adjustments, etc.) to a selected
credit transaction (purchases, charge amounts, etc.) fo...
...
This option allows you to link or process selected credit
transactions (payments received, credit notes, adjustments, etc.) to a
selected debit transaction (invoices, charge amounts, interest, ...
Year-End Closing Transactions
When you do the year-end in the Tools→Global Processes→Do Year-end menu option, TurboCASH automatically closes off all the accounts and transfers all the:
... any documents to the ledger.
Do any corrections, if any errors are found and do the year-end adjustments.
Print the necessary reports and retain it with the necessar...
... Repeating Invoices have been copied to a normal batch and are updated (posted) to the ledger.
Adjustments and Corrections have been entered and updated (posted) to the ledger.
...
Adjustments - Private Expenses
Sometimes the owner of a business agrees that a percentage of
certain expenses may be charged to him. This is usually when the owner
uses the telephone or motor
Adjustments - Consumable Stores on Hand
Expense items such as stationery, packing material, etc. may have
been purchased during the year to be used in the business activities.
If any of
Adjustments - Provision for Outstanding Expenses
Should it happen that the amount of a specific expense incurred
couldn’t be determined exactly at the end of a financial period, or
fina
Adjustments - Prepaid Expenses (Expenses Paid in Advance)
Certain expenses or a portion of an expense has been paid in
advance. In the financial statements all expenses must be shown for a
pe
Adjustments - Accrued (Outstanding) Expenses
Certain expenses may have been incurred during the financial year, but will only be paid in the next financial year.
Examples of such expenses
Adjustments - Income Received in Advance
Certain income may have been received during the financial year but should only be received during the next financial year.
Examples of such income
Adjustments - Accrued (Outstanding) Income
This is income, or a part of income, which is receivable during a
financial period, but is not yet received as at the end of a financial
year.
Adjustments - Accrual Basis
Income should be received and expenses should be paid in the
accounting period, or financial year, to which the expenses relate.
This is not always the case when inc
Year-End Adjustments - Cash Basis and Accrual Basis
There are two basic accounting methods that will determine when
income and expenses are recognised, and used to determine the profit or
los
... Repeating Invoices have been copied to a normal batch and are updated (posted) to the ledger.
Adjustments and Corrections have been entered and updated (posted) to the ledger.
...
... tab) menu option and when documents are updated to the ledger.
Purchases and Credit Notes as well as any adjustments which increases
the Stock quantities (stock in) will update the quantity ...
...- This
is updated when documents are updated to the ledger. Purchases and
Credit Notes, as well as any adjustments which increases the Stock
quantities (stock in), will update the quantity...
...Returns
documents). If any stock quantities have been adjusted in the Input→Adjust Stock menu option, Adjustments will be displayed.
Salesperson - This
is the Sa...
...
Pre-adjustment Trial Balance
- The debit and credit balances are listed, before any adjustments are
made in the accounts, and it normally includes all balances of capit...
...tors’ ledger. This transaction report is a register of all
transactions (sales, credit notes, receipts, adjustments, etc.) for a
specific debtor or all your debtors.
The Debtor Transact...
...uo; ledger. This transaction report is a register of all
transactions (purchases, supplier returns, payments, adjustments, etc.)
for a specific creditor or all your creditors.
The Creditor Tr...
... Stock Item data in a Lotus Spreadsheet stored on your
system, you may import that data into the Stock Item - Adjustments
screen.
- The data must be in the format of the Stock Item - Adju...
Advanced Stock Adjustments
This option allows you to adjust or edit the values of a selected
Stock Item manually in the selected columns. Working in this option is
very similar to editing data
...eys on your keyboard. Alternatively, press the Alt+I+A keys on your keyboard.
The Stock Item screen on the Adjustments tab will be displayed listing all the Adjustment options.
Cl...
Selling Prices Adjustments
This option allows you to change the selling prices of a selected
stock item or all of your stock items, or service items, by a specified
percentage.
To be ab
...eys on your keyboard. Alternatively, press the Alt+I+A keys on your keyboard.
The Stock Item screen on the Adjustments tab will be displayed listing all the Adjustment options.
Cl...
...eys on your keyboard. Alternatively, press the Alt+I+A keys on your keyboard.
The Stock Item screen on the Adjustments tab will be displayed listing all the Adjustment options.
Cli...
Stock Adjustments
Should you have started a new business and you use TurboCASH
as your accounting system from the start, you first need to set up your
Stock Items and process the Purchases, be
Document Listing Reports
TurboCASH
will store a record of your original documents in the system and list
all documents in the numerical (document number) order and date. The
document listing
Delete Documents
This option is used to delete the selected document types
(Invoices, Credit Notes or Quotes for your debtors (customers) and
Purchases, Supplier Returns or Orders for your cre
Print / Re-Print Documents
This option is used to print the documents, which have not yet been
printed, or to re-print documents, which have already been printed. You
may also print documents
Update Ledger Documents
This option is used to update (post) your documents created or generated on the Input→Documents
menu option to the ledger. The debtor (customer) documents which can
Change Account Code on Selected Document
You may also change the account code of a document, if the document
has been created for the incorrect Debtor or Creditor Account. This
option should o
Generate Repeating Invoice Events
In addition to the Repeating Invoices facility where you may select
Invoices from the Invoice history which occur frequently, or on a
regular basis (e.g. eve
Repeating Invoices
You may select Invoices from the Invoice history which occur frequently
or on a regular basis (e.g. every month) and to set them as repeating
Invoices.
- In addit
Delivery Notes
You may need to print Delivery Notes for Invoices issued to debtors
(customers) which will accompany the stock items or goods when the
goods are dispatched or delivered to the
Credit Notes
Credit Notes are created to refund debtors (customers) if they return stock
items or goods, or to correct incorrect Invoices, which have been updated
(posted) to the ledger.
Debtor (Customer) - Invoices
If you sell stock items to your debtors (customers) you need to enter the
transactions in the Input→Documents→Invoices→Enter menu option,
and not
Confirm Quotes (Convert to Invoices)
Once the debtor (customer) accepts the Quote (created on the
Input→Documents→Quotations menu option), it can then be
confirmed and converted to
Quotes
Debtors (customers) may ask you for a quotation on your products for various reasons. TurboCASH
allows you to create a Quote for any of the stock items in your stock
code file. When a d
Supplier Returns Documents
Supplier Returns documents are used to enter the goods or stock you have
returned to your creditors (suppliers), or to correct incorrect Purchases
documents, which
Purchase Documents (Goods Received Notes)
You may create new Purchase documents, which is a source document that may be
sent to the supplier to acknowledge that the stock items or goods hav
Confirm Orders (Convert to Purchase Documents)
Once the creditor (supplier) delivers the goods or stock items ordered, the
goods are checked against the Order to see that the correct quantitie
Orders
You may need to place Orders with your creditors (suppliers). The creditor
(supplier) will supply or deliver the goods as specified on the Order.
When the Goods are received, you
Print Logo on Documents
You may select to print and display the company logo instead of the address
on documents (Invoices, Credit Notes, Quotes, Delivery Notes, Purchases,
Supplier Returns
Send Documents via Fax
This option allows you to send any documents as a Fax if the Fax option in
the Send Report To field is selected on various screens.
- You may also set the
Send Documents via E-mail
This option allows you to send any documents via E-mail if the E-mail option
in the Send Report To field is selected on various screens.
- You may also s
Save Documents to File
If you have selected to Send a document to the file on the Document Selection
screen Input→Documents→Print menu option,
Documents tab of the Edit→Accoun
Dot-matrix Printer Paper Setup
The Dot-matrix Printer Paper Setup allows you to set the paper type, size,
quality and margins pages for documents, statements, and other reports or lists.
Printer Settings
Any document, when printed to a printer, will print on your Operating
System’s default printer. You may set any other printer as the default printer
in the Setup→
View Documents on Screen in the FastReport Viewer
If you have selected to Send a document to the screen on the Document
Selection screen, Input→Documents→Print menu option,
Documen
Layout Files - Report Designer
The Report Designer allows you to format your document layout and to create
your own reports. All documents and reports created and edited in the Report
Design
...x amount.
The VAT/GST/Sales Tax amount needs to be submitted on the VAT/GST/Sales Tax
return - Tax on Adjustments (block 17 for South African based Users), which will
reduce the amount paya...
...ns - General Journal
The General Journal is used to enter the general transactions and
corrections, or adjustments, you would not normally enter in the Sales Journal,
Purchase Journal, Recei...
...
your keyboard. Alternatively, press the Alt+I+A keys on your
keyboard.
The Stock Item screen for Adjustments will be displayed,
listing all the Adjustment options.
Cli...
...g. as on a trial balance. More examples of
where you would use this option are: for payroll transactions, adjustments,
opening balances for general ledger accounts in the General Journal, et...
... enter and process transactions which does not apply
to Debtors or Creditor Accounts, e.g. Depreciation or adjustments to General
Ledger Accounts in the General Journal. Other examples would b...
... Compile the Trial Balance.
Print the Trial Balance.
7.
Finalising the Accounts and Adjustments.
Finalising the Accounts and Adjustments.
8.
Compili...
...ts. Transaction Reports are a register of all the transactions (Sales,
Sales returns, Payments received and Adjustments) with your Debtors. In addition
to the Transaction Report, you may manage ...
...orts. Transaction Reports are a register of all the transactions (Purchases,
Purchase Returns, Payments and Adjustments) with your Creditors. In addition to
the Transaction Report, you may manag...
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