How to create bank account in ADDA to capture the entries?
To create the bank account in ADDA, kindly follow the below steps:
Step 1: Go to General ledger>>Chart of accounts>>Assets.
Step 2:Under Set up Bank & Petty Cash Details enter all the details i.e Group, GL account number, and Account name>>Click on create new.
The same bank details will reflect under Bank and Cash Set up and also while posting the entries.
What is bank reconciliation ?
Income entries are being captured in Income Tracker and cheque / cash gets deposited in Bank Account. Expenses are being captured in Expense Tracker and cheques are written to withdraw money. How do you ensure that all the entries are correct and ...
How to create ledger account?
Creating Ledger Accounts: System will be having some accounts by default which will be used by most of the Apartments. And if required, more ledger accounts can be created for Assets/Liabilities/Expense/Income. Step 1: Login to ADDA >> Admin >> ...
How can we account the interest received from the Bank Account in ADDA?
Please follow the below steps: Step 1: Login to ADDA -->> Admin -->> General Ledger -->> Chart of Accounts -->> Income -->> Set up Non - Member Income Account -->> Create new GL account called " Bank Interest". Step 2: Go to Income Tracker -->> Non ...
How to create Ledger/Account Groups?
Creating Ledger group: Step 1: Login to ADDA Admin >> General Ledger >> Chart of Accounts Step 2: Click on “Groups” tab, Add a Group Name in Relevant Category with unique GL Account Number>>: Enter Group No in GL No Column and Enter Group Name under ...
How to upload the opening balance of the bank?
Please follow the below steps to update the opening balance of the bank: Step 1: Login to ADDA -->> Update the bank name from General ledger -->> Chart of Accounts -->>Assets. You will have to pass the journal entry to post the bank opening balance ...