Batches (Journals)
All source documents such as receipts, cheque counterfoils, etc. are entered in their respective batches or books of prime entry.
To enter or capture data in a batch consists basically of 7 easy steps, once you have selected the required batch:
- Set the options or defaults for the batch. (You only need to set the options once, unless your requirements change).
- Enter the alias (name for the batch). (This will help you to identify the batches when generating batch type reports, export / import posted batches, etc.).
- 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 batch, you may hide the Tax column and the Tax lookup facility in the Batch setup.
- Enter the transactions in the batch. (“Capture” the data).
- Balance the batch.
- List the batch and retain the batch listing with your source documents.
- Post the batch to the ledger.
TurboCASH 5.2 allows you to enter or capture your transactions whenever you wish. You may capture the transactions on a daily basis and exit the batch screen without posting the batch to the ledger before proceeding to steps 5 and 6. The data will not be lost. |