Receipts - record income to the fund bank account and allocate to the correct account within the fund. Set budgets.
It is essential that the chart of accounts for the syndicate/fund is created prior to entering any data. A chart of accounts organises your accounts and provides a complete listing of every account in the general ledger of a company, broken down into subcategories. To make it easier to locate specific accounts, each chart of accounts typically contains a name, brief description, and an identification code. Refer to Set and Review Budgets - Create Chart of Accounts
- Click in the Main Menu {Syndicates} > {Receipts} > {Other Receipts} - confirm the current Tab as {Other Receipts}
- Select the Syndicate/Fund.
- Enter the receipt details to be recorded.
- Click [Create New] in the Allocated To panel to create a line entry field
- Select the account from your chart of account for the syndicate/fund.
- Enter a suitable description.
- Enter the allocation, if needed add further lines and enter the respective allocations.
- Once all required entries are completed tick the select and confirm the total matches the bank entry.
- Click [Save] to save the entry to the syndicate/fund accounts.
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