Hi, When I use journal then there are many other options like payments or receipts not available in the accounting. I am confused about which format I should use. Please guide me in this respect. Sohail
You should hardly ever need to use a journal entry in Manager
The payments, receipts and invoices should be more than enough
Click on customize (bottom left) and activate whatever you need.
And read the Guides - they are excellent, very clear and have examples
Thank you to all
The purpose of Journal Entries are as follows:
*Accounting Adjustments whether for Management or Financial Accounting (Auditors may ask during the audit)
*Correction of any errors
*Any inter company postings
All above are few examples of those transactions other than Cash/Bank or Sale/Purchase Entries.
Hope it will be helpful.