General ledgers

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This topic require you to have fairly good accounting knowledge. You may want to seek your accountant or our support team for assistance.

 

Use a journal entry to record (non-cash) business transaction, making changes in the accounting figures for the purpose of

1.GL Opening Balance c/f
2.reclassifying items(example to move the undue interest in the balance sheet to the expense accounts),
3.Correcting errors, or recording adjusting transactions like accruals, provisions,depreciation of fixed assets etc.
 
Journal entries are the primary document used by accountants to make adjustments at the end of the month or year. Do not let junior staff to access this module

 


Enter your opening balances of all your balance sheet item and or your profit and loss items here ( Ignore this GL opening balance if your company is newly setup, )
 

 
Click A/c Entry --> G/L Journal --> Add

 

 

 

 

Next, learn how to import brought forward opening balances from current system to Realtimme Cloud , monthly adjustments or audit adjustments

 

 

 


 

 

Related Topics

Import your current GL brought forward figures into Realtimme

 

 

 

GST reversal

 

FAQ : Cannot save GL journal

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Realtimme Training Portal

http://realtimme.cloudapp.net/basic/index.html?gl_journal.htm