Company and Item Default Accounts
1.Company Account Defaults Some of the following accounts will be set by default when you create a new company, others can be created. The accounts can be seen in the Chart of
Wela School Systems
The Journal Entry
A Journal Entry is an entry made in the general ledger and it indicates the affected accounts. A Journal Entry is a multi purpose transaction where the debit and credit accounts can be
Opening Account Balances
The opening balance is the balance that is brought forward at the beginning of an accounting period from the end of a previous accounting period or when starting out. This also applies when
Chart of Accounts
The Chart of Accounts is the blueprint of the accounts in your organization. The overall structure of your Chart of Accounts is based on a system of double entry accounting that has become
Setup Accounting
Introduction Whether you have an accountant in your internal team OR you do it yourself OR you have chosen to outsource it, the financial accounting process is at the center of any business
School Tuition Plan
1. To setup Tuition plan, go to Account Setup in Desk Menu 2. In Account Setup, click School Fees under BED menu 3. Next, Click NEW button to create tuition plan 4. In