Chart Of Accounts
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 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 ...
How to add Income Head?
Kindly follow the below steps to ADD the income head: Step 1: Go to Admin -->> General Ledger -->> Chart of Accounts Step 2: Select the respective option from Income for the type of ledger account you want to create. Step 3: Select the Group from ...
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 >> ...
What is GL Account No.?
"GL Account No." is a unique number associated with each Ledger Account. Any random number can be assigned to ledger account name but for better management and sequence, it should be in serialized numbers by adding 1 in last highest GL Number already ...
Is General Ledger Account No. system generated?
GL Account Number is not System Generated. You can give a random GL Account number as per your requirement, making sure that the GL Account number is not repeated. It is always better to have GL Account Numbers in sequence for better representation.
How to deactivate the unused ledger account?
Please follow the below steps to deactivate unused ledger account: Step 1: Login to ADDA -->> Admin -->> General Ledger. Step 2: Select "Chart of Accounts" Tab. Step 3: Select the relevant head Assets / Liabilities / Income / Expense. Step 4: Click ...
How to pass a depreciation entry to maintain a Gross Block?
Step 1. Create a Ledger "Accumulated Depreciation of relevant Asset (E.g. Accumulated Depreciation of Computer) under Login to ADDA -->> Admin --->> General Ledger-->>Chart Of Accounts-->>Asset. Step 2. Create a Depreciation head under General ...
How to rename GL account ?
Please follow the below steps to rename the GL account: Step 1: Login to ADDA -->> Admin -->> General Ledger-->> Charts of Accounts Step 2: Overwrite the GL account name in desired Ledger head i.e. Income, Expenses, Assets & Liability & Save changes.