hi guys i am fairly new in this whole book keeping scene, why does my general ledger double my actual amount? it seems like its calculating the accounts receivable and cash at bank…
you should provide more details as you have not given any specific details.
what transactions you made and how you made the transactions?
what accounts did you select when making a transaction.
did you modify your chart of accounts?
if possible provide screenshots.
also read the guides section for proper methods to follow Guides | Manager
is there an email address where i can send the ledger? i dont want to screenshot on post on the forum
first try to give details about your problems so that other users here can help you solve it.
also, before posting screenshots you can hide the private data.
In the General Ledger Transactions report, the totals at the bottom are not balances. They are the sum of all debits or credits in the columns above. They must match each other or there is a problem with your bookkeeping. (Other problems may also exist, but a mismatch definitely shows a problem.) There is no reason they would match anything else in your records, such as a bank balance.
The General Ledger Transactions report is probably one you should refer to the least, if at all. The most important are the Balance Sheet and Profit and Loss Statement. And these are represented on the Summary page for the current reporting period.
Thank you, I appreciate your assistance.