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 >> General Ledger >> Chart of Accounts.
Step 2: Select the respective option from Asset/Liabilities/Income/Expense for type of ledger account you want to create.
Step 3: Select the Group from “Group” list box, Enter account number in “GL Account No.” column next to Group selected.
A. “GL Account No” must be unique and should not be entered which is already in use.
B. “GL Account No” should be enter by adding 1 in last highest GL Account No is in use to maintain the sequence and it should not be any random number, Enter account name which need to created under “Account Name” column, While creating ledger account in the nature of “Income” or “Expense”, Please select “Default Bank Account” from list box to associate with respective income or expense ledger account.
Once all the required details are entered click on “Create new”.
Note: Once you select the bank account with respective income or expense account, the default bank will be associated to make payment with or to get an amount in respective bank while faster data entry but the user will be able to select another bank from the list while making data entry.
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