INSTRUCTION MANUAL
Page 4
RECEIVABLES and PAYABLES JOURNALS and REPORTS
Receivables and Payables Journals have almost the same format that is why sample of the Payables Journal is not shown.
ACCOUNTS RECEIVABLES JOURNAL is where entries of Charged Sales or Billing of Services with terms of payment are encoded. The Note column will only be checked if an Account is converted to Note. In such case, the formula in the Amount cell should be deleted but said amount must be encoded in the Notes Receivables column of the Receipt-Others Journal. Below that, is the Collection of Accounts Record where payment of that particular Clients account is entered and below is the Balance. Accounts Payables Journal is where you encode records of Credit Purchases from Creditors and below that is the Payments for the particular Credit Purchases.
Accounts Receivable and Payable REPORTS have almost the same format that is why sample of the Accounts Payable REPORT is not shown.
DAILY ACCOUNTS RECEIVABLE REPORT is Automatically Generated Report where can view or print to know the Current Balances of your Receivables. Beginning Balance here is merely encoded if customers have balances.
DAILY ACCOUNTS PAYABLE REPORT is also Automatically Generated Report where you can view or print the Current Balances of your Payables. Beginning Balances are balances from previous year report or balances prior to this Accounting Program and must be encoded.
TO UPDATE LINKS
To update links in all the Journals and Reports, you need to enable the automatic update of links by clicking the Options of the Security Warning on the left side portion of your window above the name box and the formula bar. ”Then click Enable this content” to UPDATE LINKS. Do this procedure regularly in most of the Journals and Reports every time there are new record inputs made in the other Journals where they were LINKED.