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TUTORIAL -Accounts


Tutorial Index Main Contents:

Welcome
Introducing hontreasurer.com
Online Manual
How Do I?
HELP! - I'm Stuck!
TUTORIAL
The Forum
TO DO List

TUTORIAL Contents:

Introduction
Preferences
> Setup
> Roles
> Users
Activity Names
Accounting Categories
Activities

Accounts
Statuses
Members (Contacts)
Posting
> Cheque or Cash Received
>> Against Invoice
> Cheque Written
>> Against Invoice
> Cash Paid
> Cash from Cash Account to Bank
> Cash from Bank to Cash Account
> Cash Banked
> Bank Transfer In
>> Against Invoice
> Bank Transfer Out
>> Against Invoice
> Account Transfer
> Bank Interest Received

> Opening Balances
> Opening Income & Expenditure

> Invoice Sent
> Invoice Received

The Bank Reconciliation

Transaction Enquiry
Balance Enquiry

The Year End

Reporting

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OK. First thing about Accounts: If you only have one Bank Account or a Bank Account and a Cash Tin, you don't need to do any more than possibly call up Standing Data/Accounts and change the name of Current Account and/or Cash Account to names you want to use (e.g. Barclays Account number 0123456).

But you may well have more, deposit accounts, Building Society accounts, Charity accounts, lots of cash tins etc. For each one of these, use Standing Data/Accounts/Add to add them (using name which you can easily recognise later). Each one you will have to provide the following information:

1. Is it Interest Bearing? If you say yes, it will come up in the screen which you use to input bank interest. Cash accounts, for example, are not usually interest bearing.

2a (versions prior to 8/6/07). Is it Reconcilable? If  you say yes, it will come up in the Bank Reconciliation Screen and allow you to do a Bank Reconciliation on it.

2b (versions after 8/6/07). The system will ask you to choose between Balance Sheet (use this if nothing else is appropriate), Cash (use this for cash tins), Full Chequeing account (use this for ordinary bank accounts which have cheque writing facilities and produce a statement), Deposit & Transfer (use this for deposit accounts which accept money paid in via a paying in slip) and Transfer Only (use this for money market and other deposit accounts which only allow transfers).

3. Accounting Category. Bank and Cash accounts are usually put into "Cash At Bank" which is where they appear on a Balance Sheet at the end of the year.

4. Reverse on Reports. Don't worry too much about this at the moment as it generally only applies to Creditor Accounts and others which appear on a Balance Sheet as positive but which the system holds as negative.

5. Description, which is useful for remembering which account is which!

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