Accounting
Processing EFT Payments
Once the all the payments have been loaded and you are on the Banking Payments screen. Step 1 - Click on Balance to start processing the .aba file. You will be asked to confirm the EFT Application/Processing Date. This is the date that the payment ...
Bank Runs & Making Corrections
If you find that the amount on the bank statement does not match the journal in the bank statement window, follow these steps below. This process can only be done if you have not reconciled the bank statement. Step 1. Identify the Transaction in the ...
Banking Payments
The Banking Payments button facilitates the paying out of Creditors (i.e. Vendors, Suppliers, Contractors) from Stockbook. Step 1. Open Banking Payments Step 2. Select the Bank If there is more than one bank account, select the account you are making ...
Reconciling Under/Over Receipts
Received amounts may differ from the actual amounts demanded. Ideally amounts received should be receipted in the Banking Deposits window, using the physical bank statement amounts, before entering the Bank Statement. This ensures the correct amounts ...
Generating Financial Charges
Before closing the month, it is a good idea to create financial charges so they appear in the correct month. Financial charge journals are generated for financed clients. This option is found under Actions in the Taskbar Menu in the Accounting ...
Attributes and their Uses
The Address Book is the hub for customising settings for the Livestock, Accounting and Clearing Sale modules in Stockyard. Attributes are created to help filter information, or assist in giving special treatment to an individual in a sale. These are ...
End Of Month Processing
Prepare for End of Month Processing (EOM) Prior to rolling over into the next month, the following activities should be conducted: Step 1. Confirm all contractors have been paid. Use Banking Payments to pay out contractors e.g. transport companies ...
End of Financial Year
Introduction The End of Year process is an accounting function that has two basic purposes - Gives access to a 13th accounting period used to enter EOY financial journals, Journals the total of all open income and expense ledger accounts to a ...