Other than receiving payments from customer, there are instances where money are deposited from other general sources, i.e. non-customer related bank in.
: When money deposited into the bank is not from customers but from other sources
At chart of accounts, modify the accounts name....
click here
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At [A/c Entry], click [Receipt]
Click [Others]
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Assuming each share holder put in $80,000 as initial paid up capital
Share capital of Mr B
Step 2 Follow step [1] to [7] as shown below.
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Step 2 Follow step [1] to [7] as shown below.
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Assuming last quarter your input tax is more than your output tax, and your balance sheet [GST receivable] show an amount $5,202.00 On the 8th Feb 2020 , you received the GST refund from IRAS-GST
Step 2 Follow step 1 to 7 as shown below
GL ledger report will be as per below |
Assuming you had earlier paid a $3000 for an air ticket under travelling expense account and there is a refund due to cancellation.
Step 2 Follow step [1] to [7] as shown below
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On the 5th Nov 2021, you raised an invoice to bill the customer [Rhodes] USD20,000 @ 1.35000 At the same time, you will raise a Credit Journal (on the same date as the sales) to reverse out the other creditors of USD10,000 with same exchange rate as the sales At the [Receipt] module, select the customer id, set the bank fast code as [contra] to offset the invoice against the Credit Journal.
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Assuming your bank give you a $0.50 rebate
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Assuming you dispose off your fixed asset at $250.00
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Assuming you rent out your office space in a commercial building and you collected a rental deposit from your tenant being 2 months of rental deposit and to be refunded when the rental expires
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Continue with the topic Receipt - Customer or Customer Debit Journal
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