Discount Received
Trade Discount Received
Trade discount is received from your creditors (suppliers) for cash
purchases, or if your business is classified as a special classification or
Discount Allowed
Trade Discount Allowed
Trade discount is allowed to your debtors (customers) for cash sales, or to a
special classification or group of debtors (customers), e.g. trade cus
Batch Transactions - Petty Cash Payments Journal
You may need to pay some small expenses in cash, e.g. emergency purchases,
tea, stamps, etc. You need to process each of these payments in the
Batch Transactions - Payments Journal
All the payments (cheques, debit orders out of your bank account, interest
paid on overdue bank accounts, etc), which is paid out of a specific bank
acc
Batch Transactions - Receipts Journal
All the receipts (deposits, debit orders into your bank account, interest
received, etc), which are deposited into a specific bank account are entered in
Batch Transactions - Purchase Returns Journal
You need to capture all the supplier invoices you have received for purchases
on credit from, your creditors (suppliers).
- If you have
Batch Transactions - Sales Journal
You need to capture all the invoices you have manually issued for sales to
your debtors (customers).
- If you trade in stock items, or you wish to
Batch Transactions - Sales Returns Journal
You need to capture all the credit notes you have manually issued for sales
returns to your debtors (customers). The credit note transactions should
Batch Transactions - Purchase Journal
You need to capture all the supplier invoices you have received for purchases
on credit, from your creditors (suppliers).
Important If you have pur
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 Stock Balances
To take on your stock items in TurboCASH,
is as simple as entering the physical quantity on hand, (the closing balance of
your physical stock items on your pre
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 - Retail Entities
The examples of records from previous accounting records is based on a simple
hand system. This is used to illustrate the basics for taking on Openin
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
Take-on Opening Balances - Service Entities
Required Information to Take-on Opening Balances - Service Entities The
examples of records from previous accounting records is based on a simple ha
Enter Transactions in Batches
Batch Entry Transaction Screen
The transactions in TurboCASH
are entered in the Batch Entry screen, unless you are processing Documents
(Invoices, Credit No
Source Documents - Bank and Cash Transactions
- Source documents may vary in colour shape or size, etc. The examples
shown are for a fictitious entity in South Africa to illustrate some
basi
Source Documents - Purchases on Credit
If you purchase goods and services on credit you need to receive a
sales invoice. If any discrepancies or returns are corrected for a
supplier invoice a
Source Documents - Sales on Credit
If you sell goods and services on credit, you need to issue a sales
invoice. If you need to correct any discrepancies or returns for an
invoice already issu
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