Transaction Examples – Ledger

• Ledger transactions refer to accounting transactions that are not part of production processes.
• Fields (columns) with no data are hidden in the screenshots.

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Bank Payments – General

• Bank Payments are used to record operating expenses, the purchase of assets, loan repayments, and other bank payments.
• A ledger account is debited, and either bank or cash is credited.
• The Accounting report shows which accounts are debited and credited and is accessed by clicking Menu (button) > View Accounting Report.

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Bank Receipts – General

• Bank Receipts are used to record income that is not part of a customer transaction. For example, interest earned and proceeds from the sale of assets.

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General Journal

• The General Journal is used to record transactions in a ledger that have no underlying source documents (e.g. depreciation, accruals) or occasional entries such as capturing loan agreements.
• As opposed to using a general journal, specific journals can be created for every type of entry.
• See examples of specific transactions.

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Payroll Journal

• The Payroll Journal is used to record salaries, wages, and related expenses. 
• See an example of a payroll journal.

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Periodic Journal

• The Periodic Journal is used to create month-end journals (e.g. to transfer stock on hand to cost of sales).
• See an example of a periodic journal.

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Supplier Payments

• See Transaction Examples – Suppliers.

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Customer Receipts

• See Transaction Examples – Customers.

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