Chart of Accounts
Delete Chart of Account Items
Below are two errors that may occur when deleting items from the Chart of Accounts: The first error, FTC, means that the account trying to be deleted is set as the Fuel Tax Credit account in the BAS setup. Change this to a different account and ...
Default Bank Account
Cashbook Platinum This is the bank account you want to appear first in the Cashbook transaction window. This will be the bank account that is listed first in Chart of Accounts > Banks. Step 1: Edit Chart Click on the Chart toolbar icon Click on the ...
Deactivate bank account
Deactivate Bank Account Note: Bank accounts may only be made inactive in Cashbook Platinum To deactivate a bank account but not delete it: Step 1: Banks Chart tool bar icon Banks tab Step 2: Edit To select the bank account to be made inactive, click ...
Maintaining Accounts in Cashbook Platinum.
Keeping Cashbook Platinum tidy and up to date will allow for more accurate data and fewer opportunities for errors. Deleting an Item in the Chart of Accounts Click the Chart toolbar icon Click on the account to delete Click Delete A prompt will ...
Child Support Payments
Cashbook Platinum The employee's additional (deduction) and spouse (deduction) contribution types are deducted from the employee's net pay, that is, after PAYG withholding tax is calculated. If child support payments need to be deducted from an ...
Recording a business expense where a proportion is for private use.
Recording a Business Expense Where a Proportion is for Private Use Some expenses incurred by a business may not be totally used for business purposes. For example, a business operating from home may use the telephone for business 80% of the time and ...
Adding an Asset Account
Adding an Asset Account These instructions relate to adding an Asset account to your Chart of Accounts. You can also have a look at the Knowledge Base item on Entering An Asset Purchase. Step 1. Adding to Chart of Accounts Click on the Chart toolbar ...
Chart of Accounts is Locked
Cashbook Platinum If a client of Principle Focus, please speak to the Principle Focus account manager before making any changes to the Chart of Accounts If the following error message appears when adding, modifying or deleting a chart of accounts ...
Accounts linked to Reporting Groups
Accounts Linked to Reporting Groups Cashbook Platinum To view which accounts are linked to each reporting group: i. Click the Chart toolbar icon ii. Click on the down-arrow to the right of the Print button iii. Click on the Short-form iv. By Report ...
Basic Loan Accounts Setup
Occasionally a business may need to borrow money to fund capital investments e.g. purchase of equipment. When the company borrows money, the correct process is to record the loan as a liability in the accounts and track the loan deposit amount and ...
Deleting a Bank Account
PS Cashbook Deleting a Bank Account Summary How do I delete a bank account? Detailed Description You can only delete a bank account if: It has a zero balance; and It does not have any transactions relating to it in the current financial year. To ...
Loan Receivable Setup
Loan Receivable Setup Loan Receivable is when someone owes you or your company/business money. When you lend money you create an asset to yourself. You will need to be using Cashbook Connect to continue. This is a 3 step process: Setup an Asset ...
Chart - Link a enterprise to an account
Chart - Link an Enterprise to an Account Cashbook Platinum If you intend to track livestock and/or crops via the trading accounts you need to ensure that all purchases and sales accounts have a Default Enterprise selected or at least "requires ...
Adding New Chart of Accounts Items
PS Cashbook Adding New Chart of Accounts Items Summary How do I add a new account into my Chart of Accounts? Detailed Description Step 1 Open the chart of accounts by clicking on the Chart toolbar icon. Step 2 Click on the Add button Step 3 Enter ...
Closing Bank Account and Transferring to New Bank Account
Closing Bank Account and Transferring to New Bank Account Step 1: Create a new bank account Click the Chart toolbar option Click on the Banks tab Click Add Account Code - alpha/numeric e.g. B02 Description - up to 30 characters e.g. Business Cheque ...
Superannuation Owing
PS Cashbook Superannuation Owing Summary I have chosen to add my Payroll entries to Cashbook but when I try to choose an account for the Super Owing option in Payroll it is not available in the list. What do I need to do? What else do I need to do to ...
Retained Earnings / Balance Forward Accounts
Retained Earnings / Balance Forward Accounts Cashbook Platinum Retained earnings refer to the percentage of net earnings not paid out as dividends, but retained by the company to be reinvested in its core business, or to pay debt. It is recorded ...
Link products/items register to chart of accounts
PS Cashbook Link products/items register to chart of accounts Summary How do I link items in the Products/Items Register with items in the chart of accounts? Detailed Description Please Note: The Products/Items Register is only available for Cashbook ...
Chart - Include in Income Tax Return/Tax Report
Chart - Include in Income Tax Return/Tax Report This box is ticked when the income items that are to be included in the calculation of the gross taxable income for PAYG instalment purposes. Leave unchecked if the account does not affect taxable ...
Investment Register Links
Chart of Accounts Setup Options Cashbook provides the capability to maintain an Investments Register to track details of investments e.g. shares, fixed term deposits, unit trust investments, rental property, etc. The Investment Register can be used ...
Add a bank account
Add a Bank Account Click on Chart toolbar icon Click the Banks tab Click Add Fill in relevant bank details Click OK to save Note: For Bank type accounts you can set EFT details, usual bank reconciliation frequency and set as non-BAS account Example: ...
Default Payroll Bank
Default Payroll Bank Step 1: Edit Click the Chart toolbar icon Click on the Banks tab Click on the bank you wish to select Click Edit Step 2: Default Payroll Bank Tick the Default payroll bank box (Located on right side of window) Click OK to save ...
Private usage in drawings accounts
Allocate a Private Use Percentage to an Expense Account Code If you wish to allocate private usage as a percentage of each expense payment made to a particular account: Step 1: Chart From the main toolbar, click on Chart Highlight the required ...
Automatic Reconciliation of Transactions (SHOULD NOT OCCUR)
Automatic Reconciliation of Transactions If transactions that are being entered are automatically being cleared (reconciled) even though the Reconcile box in the Add Transactions window hasn't been ticked, this action indicates that the relevant bank ...
Additional Information in the Chart of Accounts
Additional Information in the Chart of Accounts When recording a sale transaction it is possible to record the total weight in kilograms of the animals in the sale, along with the number of animals? To create a report on this additional data please ...