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Accounting Dashboard
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General Accounting Set up
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Analytic Accounts
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Chart of Accounts
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Day to Day Transactions
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Sales
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Banks & Bank Reconciliations
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Fixed Assets
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Year/Month End
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Reports
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Purchase Order approval
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POS
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POS Reconciliations
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Purchasing
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Non stock purchasing
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Expense Module
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Shopify Sales
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Invoice Reminders
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Customer Statements
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Tax
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Supplier Batch Payment
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Product Categories
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Inventory Valuation Journals
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Analytic Accounts
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Rebates
How to reconcile the trade loan settlement
In order to pay/settle the Trade loan,
1. Go to the " Accounting Dashboard" select the relevant bank and Click "Reconcile"
2. Select the bank feed that you have paid for Trade loan account, Then In the " Manual Operations" tab select the "Trade loan Account", and select the Taxes as No GST (None) and input the Trade loan amount without the interest. ($ 303,882.84)
3. Recognize the balance amount $4,329.54 to Interest account. Click the line showing as Bank suspense account and under the Manual operations tab select the interest expense account, select the taxes as No GST ( None) and Click on VALIDATE.
4. Once you have validated, to check the transactions and balances in Trade Loan account, Click the " Reporting" and select the "General ledger"
1. Go to the " Accounting Dashboard" select the relevant bank and Click "Reconcile"
2. Select the bank feed that you have paid for Trade loan account, Then In the " Manual Operations" tab select the "Trade loan Account", and select the Taxes as No GST (None) and input the Trade loan amount without the interest. ($ 303,882.84)
3. Recognize the balance amount $4,329.54 to Interest account. Click the line showing as Bank suspense account and under the Manual operations tab select the interest expense account, select the taxes as No GST ( None) and Click on VALIDATE.
4. Once you have validated, to check the transactions and balances in Trade Loan account, Click the " Reporting" and select the "General ledger"