For each syndicate/fund you will need to create or import a chart of accounts, add opening balances and you can also set a budget for each account and quickly review actuals v budget graphically within Complete
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.
You can manage the CoA from the following views
- {Syndicates}>{Receipts}>Other Receipts - tab {Other Receipts} or tab {Budgets}
or
- {Syndicates}>{Payments}>Other Payments - tab {Other Payments} or tab {Budgets}
Create or import a chart of accounts
In the Tab {Budgets}
- Select the Syndicate/Fund required.
- Click [Accounts] to open a new entry panel for setting up the chart of accounts including opening balances.
- Select the category from those available.
- Click [Create New] to add a entry line
- Click [Edit] to edit the existing account
- Click [Delete] to delete the entry. account must not have been used. [Yes]/[No] confirmation required.
Option to import:
- Click [Clone accounts from another syndicate] select from available syndicates to import a pre-existing CoA.
- Enter your account name.
- Enter Account number as per your standard accounting procedure.
- Enter opening balance.
- Click [Save] to save entry or [Cancel].
- Click [Close] to return and close window.
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