Decrease Provision for Bad Debts
- To decrease any provision for bad debts, a provision for bad debts must
already exist.
This provision may have been created at the end of the f
Increase Provision for Bad Debts
- To increase any provision for bad debts, a provision for bad debts must
already exist.
This provision may have been created at the end of the f
Create Provision for Bad Debts
Usually, at the end of the first year of your business existence or when you
have implemented such accounting policy, you need to create provision for bad
debt
Write-off of Bad Debts
Bad Debts are written off when the debts become irrecoverable during the
course of the financial year.
- If you need to make provisions for bad debts (a fair estim
Batch Transactions - 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,
Purchas
Take-on Opening Balances - Creditors
To take on the opening balances of the Creditor Accounts, you need a list of
all your creditor accounts with a grand total.
- This grand total must b
Take-on Opening Balances - Debtors
To take on the opening balances of the Debtor Accounts, you need a list of
all your debtor accounts with a grand total.
- This grand total must balance
Take-on Opening Balances - General Ledger - Retail Entities
The closing balances of your General Ledger Accounts can be obtained from
your closing Trial Balance and / or Financial Statements (
Take-on Opening Balances - General Ledger - Service Entities
The closing balances of your General Ledger Accounts can be obtained from
your closing Trial Balance and / or Financial Statements
Electronic Banking Transactions
Receive Debtors
You may receive payments from debtors for their accounts via the electronic
banking system. The transactions for debtors with outstanding tr
Electronic Banking Transactions
Pay Creditors
You may pay your creditor accounts via the electronic banking system. The
transactions for creditors with outstanding transactions and balance
Generate Multiple Transactions
Interest on Overdue Debtor Accounts
You may generate transactions for those debtor accounts, which are overdue
and have a percentage monthly interest entered
Generate Multiple Transactions
Fixed Amount to Debtors
TurboCASH
provides this useful feature to generate transactions for those debtor accounts,
for which you need to charge a fixed amo
Generate Multiple Transactions
Balance Debtors with Amount
You may generate transactions for those debtor accounts, which have an
outstanding balance of less than the amount you specify.
Generate Multiple Transactions
Debtors with Charge Amounts
TurboCASH
provides this useful feature to generate transactions for those debtor accounts,
which have a charge amount entered i
Generate Multiple Transactions
Creditors with Charge Amount
This feature allows you to generate transactions for those creditor accounts,
which have a charge amount entered in the
Edit&r
Generate Multiple Transactions
If you need to process transactions for charge amounts to one or more Debtor
or Creditor Accounts, Fixed Amounts, Interest on Overdue Debtor Accounts or
Amount
Batch Setup Options
TurboCASH
allows you to set the defaults for each batch type or journal. If the batch type
is correctly set up, TurboCASH
will eliminate the incorrect posting of batche
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