For example, assets may include checking or savings accounts. To post to the general ledger, you must use double-entry bookkeeping. With double-entry bookkeeping, you record two entries for every transaction using debits and credits. Your general ledger provides the necessary information to create...
If you want to post lines with items in them to the general ledger, you must create one or more inventory posting groups and then set them up with general ledger accounts. You must first create general ledger accounts and inventory posting groups. ...
How to Post Journal Entries to T-Accounts or Ledger Accounts Once journal entries are made in thegeneral journalor subsidiary journals, they must be posted and transferred to theT-accountsorledger accounts. This is the second step in the accounting cycle. The purpose of journalizing is to recor...
Fill in the Amount and Description. Fill in the balancing account Bal. Account Type and Bal. Account No. fields. Post the journal.备注 The text that you enter in the Description field will be copied to the corresponding field on the bank ledger entries for both accounts....
A general ledger consists of the main elements of your business: Assets Liabilities Owner Equity Income or Sales Revenues Expenses Each of these main general ledger accounts has many sub-accounts that are utilized to compile the totals in the main accounts. But how do these relate to preparing ...
View ledger reconciliations Specify posting periods Fiscal periods and fiscal years Overview of year-end processes Fiscally close accounting periods Close income statement accounts Close a year Fiscally close years Open a new fiscal year duplicate Post the year-end closing entry Re...
Visibility to which GL accounts are inactive in an FA batch Year End Close is still in process and batches cannot be posted error Year-end closing procedures for General Ledger You cannot mark the option Post Through General Ledger Files You can't post to a tax period that has not bee...
B公司期末存货采用成本与可变现净值孰低法计量。2013年9月26日B公司与M公司签订销售合同:由B公司于2014年3月6日向M公司销售笔记本电脑10000台,每台1.5万元。2013年12月31日B公司库存笔记本电脑13000台,单位成本1:4元,账面成本为18200万元。2013年12月31日市场销售价格为每台1.3万元,顶计销售税费均为...
The Receivables to General Ledger Reconciliation report only reconciles accounts receivable for accrual basis accounting, and only reconciles accounting in the primary ledgers.
Using Excel as a General Ledger It's important to note that every business is different from one another and will, therefore, have different reporting needs. The first step in setting up a bookkeeping process is to determine what accounting metrics will need to be included based on the type...