Chart of Accounts
Recording Advanced Payments for Merchandise
Some clients are offered the opportunity to make an advanced payment to a supplier as a tax deductible benefit at the end of a financial year eg Nutrien, Delta Ag etc. To reflect this payment in CB and you need to: In the financial year you have ...
Write Off Bad Debt
Step 1: Create a Bad Debt Expenses Account in Chart Click on the Chart toolbar icon Click on the Expenses tab Click Add For example: Step 2: Invoice Details Click on the Debtors toolbar icon Click on the Invoices tab Edit the invoice that is to be ...
Default Bank Account (bank account used for payroll)
We are referring to the bank account from which you'll pay your employees. Your company / business may have more than one bank account. This article shows how to set one of these banks as the default bank for all new payroll transactions: Click on ...
Setup Your Bank Account Details for EFT Processing
Step 1. To setup EFT details for a bank account: Click on the Chart toolbar option. Click on the Banks tab. Click on the relevant bank account so it is highlighted blue. Click on the Edit button (or using your mouse double click on the bank account). ...
Superannuation Owing
Completing Payroll entries in Cashbook, when choosing an account for the Super Owing option in Payroll it is NOT available in the list. To ensure the Super Contributions are accounted for: Step 1. Select Chart from toolbar menu option Step ...
Setup Loan Accounts to Finance an Asset Purchase
Cashbook Standard Connect Note: You will need to be on Cashbook Level 3 or above to setup a loan account using this procedure. Steps to setting up the Purchase of an Asset via a New Loan: Setup a Liability (Loan) account. Setup an Other Income ...
Delete Chart of Account Items.
Delete Chart of Account Items Click on the Chart toolbar icon. Click on the account you wish to delete, so it highlighted blue. Click on the Delete button. Click Yes to confirm the deletion - this will only proceed if there is no existing ...
Missing Items in the Chart of Accounts.
Missing Items in the Chart of Accounts The most likely cause of the symptom is that the chart item has been marked as Inactive. Step 1. Select Chart from Toolbar Click on the Chart toolbar option. Step 2. Select Include Inactive Animals Tick Include ...
GST category is greyed out in Chart of Accounts.
GST category is greyed out in Chart of Accounts If you are in Chart of Accounts setup and you are Adding or Editing a Chart and you find the GST Category is greyed out (i.e. cannot change category or select another option from the drop-down list.) ...
Adding A Fuel Account.
Adding A Fuel Account Adding a new fuel account to the Chart of Accounts Step 1 . Open Chart of Accounts Click on the Chart toolbar icon. Step 2. Add and setup account Add an account to which you will later add sub-accounts Set up the account ...
Adding an Asset Account to your Chart of Accounts
These instructions relate to adding an Asset account to your Chart of Accounts. Also have a look at the post on Entering Asset Purchases. Step 1. Select Chart menu option on the toolbar Click on the Add button Step 2. Fill out the Required ...
Recording purchase of an asset/chattel mortgage (Level 1 & 2).
Recording purchase of an asset/chattel mortgage (Level 1 & 2) A Chattel Mortgage is a type of loan typically used to purchase motor vehicles or other major business equipment. It is called a “mortgage” because the financier retains the title of the ...
Year-end allocation of profit or loss to owners equity accounts.
PS Cashbook Year-end allocation of profit or loss to owners equity accounts Summary How do I automatically allocate year-end profit or loss to owners equity accounts in a nominated proportion? Detailed Description For more advanced users, Cashbook ...
Chart - Set a Default Enterprise.
Step 1. Select Chart icon Click on the Chart toolbar icon Click on the account you wish to link to a particular enterprise. e.g. 041.1 Sale - Weaners, so it is highlighted blue Click on the Edit button Click on the Default Enterprise ...
Basic Loan Accounts Setup
Adding a Liability / Loan account and linking income / expense accounts You will need to be using Cashbook Connect to continue. This is a 3 step process: Set up a Liability (Loan) Account. Set up an Other Income Account. Set up an Other Expense ...
Loan Receivable Setup
Loan Receivable is when someone owes you or your company / business money. Its a loan that does not use a bank or an outside lender. When you lend money you create an asset to yourself. This is a 3 step process: Setup an Asset (Loan) Account Setup an ...
Adding New Chart of Accounts Items.
Adding New Chart of Accounts Items To add a new account to the Chart of Accounts: Step 1. Open the chart of accounts by clicking on the Chart toolbar icon Step 2. Click on the Add button Step 3. Enter the Required Information needed Enter an ...
EFT Processing.
Step 1. To Process EFT Transactions: Make sure that you have set up your EFT details information for your relevant bank account Click on the Chart toolbar option Click on the Banks tab Click on the relevant bank account so it is highlighted ...
Closing Bank Account and Transferring to New Bank Account.
Closing Bank Account and Transferring to New Bank Account How do I close a bank account and transfer the balance to a new bank account? Step 1: Create a new bank account: Click on the Chart toolbar option Click on the Banks tab Click on the ...
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 ...
Link products/items register to chart of accounts.
Link products/items register to chart of accounts Please Note: The Products/Items Register is only available for Cashbook Plus Level 4 and Cashbook Platinum.c Step 1. Go to the Chart of Accounts menu option Clicking on the Chart toolbar option or via ...
Set up for Asset Depreciation
Set up for Asset Depreciation Introduction An asset such as a company vehicle or company furniture and equipment, deteriorates and loses value each year, and recording this can benefit the business. The allocation of cost of an asset over its ...
New Bank Account.
New Bank Account Adding a New Bank Account to an Existing Company Step 1. Select Chart of Accounts By either clicking on the Chart toolbar option or via the Setup > Chart of Account menu option Step 2. Click on the Banks tab Step 3. Click on ...
2a. SuperStream - Set up an Account in Chart for Super Payments (Default).
2a. SuperStream - Set up an Account in Chart for Super Payments (Default) Setting up an account in Chart for Super payments (Default) Click on the Chart toolbar icon Click on the Liabilities tab See if there is already a Superannuation Liability ...
Setup / Change Default Bank Account for Payroll.
PS Cashbook Setup / Change Default Bank Account for Payroll. Summary How do I set a default bank for payroll? Detailed Description We are referring to the bank account from which you pay employees. Your company/business may have more than one bank ...
Fuel Tax Credits and Private Usage.
Fuel Tax Credits and Private Usage Why am I getting an error message: 'Fuel Tax Credit account has a Private Use %. A fuel tax credit account can't have a Private Use.' Fuel Tax Credits (FTC) provide businesses with a credit for the fuel tax (excise ...
Deleting or Merging Chart of Account item.
Deleting or Merging Chart of Account item Deleting a Chart of Accounts item To Delete an account: Click on the Chart toolbar icon. Click on the account you wish to delete. Click on the Delete button. You will be advised if the item is in use (and ...
Chart - Include in Income Tax Return/Tax Report.
Chart - Include in Income Tax Return/Tax Report Tick the Include in Income Tax Return/Tax Report box in the Income and Expense chart of accounts setup This box is ticked when the income items that are to be included in the calculation of the gross ...
Adding Accounts to Budget.
Adding Accounts to Budget To add an account to a particular enterprise: Click on that enterprise (enterprise name will be blue .) e.g. Cattle Enterprise Click on the Insert Line button In the Add new account to budget window: Select an ...
Chart of Accounts Setup for the Investment Register
Cashbook provides the capability to maintain an Investments Register to track details of investments. For Example: Shares, fixed term deposits, unit trust investments, rental property, etc. The Investment Register can be used to maintain details of ...
Add a bank account.
Add a Bank Account Adding a bank account in Cashbook Click on the Chart toolbar icon Click on the Banks tab Click on the Add button Fill in relevant bank detail s Note: For Bank type accounts you can set EFT details, usual bank reconciliation ...
Private usage in drawings accounts.
Private usage in drawings accounts Manage private usage in Drawings Accounts e.g. Telephone or Fuel. If you wish to allocate private usage as a percentage of each expense payment made to a particular account: Step 1. From the main toolbar, click ...
Additional Information in the Chart of Accounts
Is it possible, when recording a sale transaction, to record the total weight in kilograms of the animals in the sale, along with the number of animals? To report on this additional data please see the Knowledge Base tip: Reporting on Additional ...
Setting up a Chattel Mortgage.
PS Cashbook Setting up a Chattel Mortgage Summary How do I set up a Chattel Mortgage? Detailed Description The first thing you will need to do is set up some accounts in the Chart of Accounts (if they are not already there). Click on ...
Child Support Payments
Cashbook Standard / Connect Deducting Child Support Payments from an employees pay and forward to the Department of Human Services To forward these payments to the Departments of Human Services please follow these steps: Step 1. Create a Liability ...
Reconcile a Bank Account
All transactions eg. cheques written, money withdrawn, deposits made and bank charges and interest incurred, should be recorded in Cashbook and then 'matched' with the bank's records (i.e. a bank statement). This matching process is called ...