View source for FrontAccounting-2.4.7/C2/Taxes-and-Bank-Account-in-FrontAccounting/English

'''Taxes and Bank Accounts in Frontaccounting '''

{| style="border-spacing:0;"
| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Visual Cue
| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Narration

|-
| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| '''Slide 1 '''

'''Title Slide '''

'''Taxes and Bank Accounts'''
| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Welcome to the spoken tutorial on '''Taxes and Bank Accounts '''in '''FrontAccounting'''.

|-
| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| '''Slide 2'''

'''Learning Objectives '''

* Add a new''' Tax'''
* Set the '''Bank Accounts''' 
* Add''' Deposits'''
* '''Transfer amount in Bank Account '''
* '''Reconcile Bank Account'''

| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| In this tutorial,we will learn how to

* Add a new '''Tax'''
* Set up '''Bank Accounts''' 
* Add''' Deposits'''
* Transfer amount into the '''Bank Account '''and
* '''Reconcile''' the '''Bank Account'''

|-
| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| '''Slide 3 '''

'''System Requirements '''

* Ubuntu Linux OS version 14.04 
* FrontAccounting version 2.3.24 

| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| To record this tutorial, I am using 

* '''Ubuntu Linux '''OS version 16.04 
* '''FrontAccounting''' version 2.4.7
|-
| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| '''Slide 4''' 

'''Pre -requisites''' 
To practise this tutorial, you must have knowledge of: 

* Higher secondary commerce & accounting 
* Principles of Bookkeeping
| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| To practise this tutorial, you must have knowledge of: 

* Higher secondary commerce and accounting and
* Principles of Bookkeeping
|-
| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| You should have already 
*Set up an '''Organisation/Company''' in '''FrontAccounting'''. 

*If not, for relevant '''FrontAccounting''' tutorials please visit [http://spoken-tutorial.org/ https://spoken-tutorial.org]
| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| And you should have already set up an '''Organisation or Company''' in '''FrontAccounting'''.

If not, for relevant '''FrontAccounting''' tutorials please visit this website.

|-
| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| '''Slide 5:'''

'''Start XAMPP service'''
| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Start the '''XAMPP services''' before you begin working on '''FrontAccounting''' interface.

|-
| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Narration 
| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Let us open the '''FrontAccounting''' interface. 

|-
| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Click on browser >>localhost/account >> Press Enter 
| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Open a web '''browser'''.

Type''' localhost/account '''and press '''Enter'''. 

|-
| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Narration 
| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| The '''login''' page appears. 

|-
| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Enter Username = admin and Password = spoken>> Click on login 
| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Type the '''username''' as '''admin''' and the '''password'''. 

Then click on '''Login''' button. 

|-
| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Click Setup tab >> Taxes
| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| The '''FrontAccounting''' interface opens. 

Click on the '''Setup''' tab.

In the '''Company Setup''' panel, click on '''Taxes''' link.

We can see a default '''entry''' as '''Tax'''.

|-
| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Point to default options of Tax
| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| The '''Percentage''', '''Sales GL Account''' and '''Purchasing GL Account''' are specified as shown here.

We have to assign '''GL accounts''' to every '''tax''' used by our business. 

|-
| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Highlight the message 

“'''To avoid problems with manual journal entry all tax types should have unique Sales/Purchasing GL accounts”'''
| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| At the top of the window, we can see a message.

It is recommended that a separate '''Sale and purchase GL account''' has to be assigned to each '''tax'''.

|-
| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| narration
| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Let us see how to add '''GST''' and '''Service tax''' for our '''company'''.

|-
| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Click on the Edit icon of '''Tax.'''
| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Click on the '''Edit''' icon on the default '''entry Tax '''row.

|-
| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Change the Description, Percentage

Click on the Update button.

| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| I’ll edit '''Tax''' to '''GST''' , as our '''company''' will not use the default '''entry Tax'''.


I’ll change the description to '''GST''' and the percentage to '''12. '''


I will keep the '''Sales GL account''' and '''Purchase GL Account '''as '''Sales tax.'''


Click on the '''Update''' button at the bottom of the window.

We have successfully changed the default entry '''Tax''' to '''GST'''.

|-
| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Narration
| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Now let us add '''Service tax.'''

Before that we have to create a '''GL Account''' for''' Service tax'''.

|-
| style="border:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Click on '''Banking and general ledger'''

Click on '''GL accounts '''
| style="border:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Click on '''Banking and General Ledger '''tab.

In the '''Maintenance''' panel, click on '''GL Accounts''' link.

|-
| style="border-top:1pt solid #000000;border-bottom:0.75pt solid #000000;border-left:0.75pt solid #000000;border-right:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Type the value as shown:

'''Account code''': 2151

'''Account Name''' : Service Tax

'''Account Group''' : Current Liabilities

Click on the '''Add''' '''account''' button
| style="border-top:1pt solid #000000;border-bottom:0.75pt solid #000000;border-left:0.75pt solid #000000;border-right:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Type the values as shown:

Then click on the '''Add Account''' button at the bottom of the window.

|-
| style="border-top:1pt solid #000000;border-bottom:0.75pt solid #000000;border-left:0.75pt solid #000000;border-right:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Click on '''Setup''' tab and then on '''Taxes'''
| style="border-top:1pt solid #000000;border-bottom:0.75pt solid #000000;border-left:0.75pt solid #000000;border-right:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Now, click on '''Setup''' tab and then on '''Taxes '''link.

|-
| style="border-top:1pt solid #000000;border-bottom:0.75pt solid #000000;border-left:0.75pt solid #000000;border-right:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| narration
| style="border-top:1pt solid #000000;border-bottom:0.75pt solid #000000;border-left:0.75pt solid #000000;border-right:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Let us add '''Service tax '''under '''Tax Types.'''

|-
| style="border-top:1pt solid #000000;border-bottom:0.75pt solid #000000;border-left:0.75pt solid #000000;border-right:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Type the value as shown:

'''Description''': Service Tax

'''Default Rate''': 7
| style="border-top:1pt solid #000000;border-bottom:0.75pt solid #000000;border-left:0.75pt solid #000000;border-right:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Type the values as shown.

|-
| style="border-top:1pt solid #000000;border-bottom:0.75pt solid #000000;border-left:0.75pt solid #000000;border-right:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Click on '''Sales GL Account '''drop down box.

Select '''Service Tax''' 
| style="border-top:1pt solid #000000;border-bottom:0.75pt solid #000000;border-left:0.75pt solid #000000;border-right:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Click on '''Sales GL Account '''drop-down box.

Select '''Service Tax''' which is under '''Current Liabilities.'''

|-
| style="border-top:1pt solid #000000;border-bottom:0.75pt solid #000000;border-left:0.75pt solid #000000;border-right:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Show the demo of the selection

Click on '''Add new''' button
| style="border-top:1pt solid #000000;border-bottom:0.75pt solid #000000;border-left:0.75pt solid #000000;border-right:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Likewise, select''' Service Tax''' for '''Purchase GL Account.'''

Click on '''Add new''' button at the bottom of the window.

|-
| style="border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;border-left:1pt solid #000000;border-right:0.75pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Point to '''GST and Service Tax'''
| style="border:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| We can see that two''' taxes''' have now been added.

|-
| style="border:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| narration
| style="border:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Let’s see how these '''taxes''' are calculated in the '''Sales''' module of '''FrontAccounting'''.

|-
| style="border-top:0.75pt solid #000000;border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-right:0.75pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| narration
| style="border:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| We will first set up a '''Bank Account''' for the '''company'''.

|-
| style="border-top:1pt solid #000000;border-bottom:0.75pt solid #000000;border-left:1pt solid #000000;border-right:0.75pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Click on '''Banking and General ledger'''

Click''' '''on''' Bank Accounts'''
| style="border:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Click on '''Banking and General ledger '''tab.

In the '''Maintenance''' panel, click on '''Bank Accounts''' link.

This option is used to '''setup''' and configure the '''bank '''and''' cash accounts.'''

|-
| style="border:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Point to USD

Select Indian currency from the drop down box

| style="border-top:0.75pt solid #000000;border-bottom:1pt solid #000000;border-left:0.75pt solid #000000;border-right:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| By default, you can see '''Current account '''and '''Petty Cash account''' details.

The '''Currency''' column is in '''US Dollar, '''by default. 

Let us change this to''' Indian currency.'''

|-
| style="border-top:1pt solid #000000;border-bottom:0.75pt solid #000000;border-left:0.75pt solid #000000;border-right:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Click on the Edit icon.

Select '''Chequing Account '''from the drop down box

Select Indian currency from the drop down box
| style="border-top:1pt solid #000000;border-bottom:1pt solid #000000;border-left:0.75pt solid #000000;border-right:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| In the '''Current account row,''' click on the '''Edit''' icon.

Change the '''Account type''' to '''Chequing Account.'''

Change the '''Bank account currency''' to '''Indian Rupees.'''

|-
| style="border-top:1pt solid #000000;border-bottom:0.75pt solid #000000;border-left:0.75pt solid #000000;border-right:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Click on update button.

Show the demo of petty cash
| style="border-top:1pt solid #000000;border-bottom:1pt solid #000000;border-left:0.75pt solid #000000;border-right:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Then update the changes by clicking on the '''Update '''button at the bottom.

Likewise, change the''' Petty Cash account''' also to '''Indian Rupees'''.

And update the changes.

|-
| style="border-top:0.75pt solid #000000;border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-right:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Narration
| style="background-color:#ffffff;border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Next let us add some amount to the '''ST Company Pvt. Ltd. bank account.'''

|-
| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Click on '''Deposits''' link in the '''Banking and General ledger tab.'''
| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Go to '''Banking and General ledger '''tab.

In the '''Transactions''' panel, click on''' Deposits '''link.

|-
| style="border-top:1pt solid #000000;border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-right:0.75pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Narration
| style="border-top:1pt solid #000000;border-bottom:0.75pt solid #000000;border-left:0.75pt solid #000000;border-right:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Deposits from customers, miscellaneous sales, etc. can be entered here.

|-
| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Data Entry demo


Name:Mr.Patel

'''Account description >>cash'''

'''Amount >> 3,00,000'''

'''memo >>Rent for the month December'''

Click on '''Add item'''
| style="border-top:0.75pt solid #000000;border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-right:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Keep the '''From''' field as '''Miscellaneous'''.

I’ll enter the name of the person who has deposited the money as shown.

In the''' Account description''' field, select '''Cash'''.

In the '''Amount''' field, type '''3 lakhs.'''

In the '''Memo''' field, type the purpose of the deposit.

Then click on '''Add item''' button at the right end of the row.

|-
| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Click on '''Process deposit'''
| style="border-top:1pt solid #000000;border-bottom:0.75pt solid #000000;border-left:1pt solid #000000;border-right:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Click on '''Process Deposit '''button at the bottom of the window.

|-
| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| New window >> success message
| style="border-top:1pt solid #000000;border-bottom:0.75pt solid #000000;border-left:1pt solid #000000;border-right:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| In the new window, we can see a message that the '''deposit''' has been entered.

|-
| style="border-top:1pt solid #000000;border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-right:0.75pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Click on '''View the GL postings for this Deposit '''
| style="border:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Next link is '''View the GL postings for this Deposit.''' Click on it.

|-
| style="border-top:1pt solid #000000;border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-right:0.75pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Point to the amount
| style="border:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| A pop up window appears with the transaction details of the amount that has been '''deposited'''.

|-
| style="border-top:1pt solid #000000;border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-right:0.75pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| '''Click on close'''
| style="border:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Click on the '''Close '''link at the bottom of the window.

|-
| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Point to the next link '''Enter another Deposit'''
| style="border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;border-left:1pt solid #000000;border-right:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| If you want to enter another '''deposit, '''then click on '''“Enter Another Deposit'''” link.

|-
| style="border-top:1pt solid #000000;border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-right:0.75pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Click on back option.
| style="border:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Click on '''Back''' link at the bottom of the window to go back to the '''FrontAccounting''' interface.

|-
| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Narration
| style="border-top:0.75pt solid #000000;border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-right:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Next we will see how to transfer money from '''bank account''' to '''cash''' or another '''account'''.

|-
| style="border:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Click on '''Banking and General ledger>>Bank Account Transfers'''
| style="border-top:1pt solid #000000;border-bottom:0.75pt solid #000000;border-left:1pt solid #000000;border-right:1pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| In the '''Transactions''' panel, click on '''Bank Account Transfers '''link.

|-
| style="border-top:1pt solid #000000;border-bottom:0.75pt solid #000000;border-left:1pt solid #000000;border-right:0.75pt solid #000000;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Point to Bank Balance
| style="border:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Notice that the '''Bank Balance '''is shown here as three lakh rupees.

Recall, this amount had been '''deposited''' earlier.

|-
| style="border:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| To account :Petty cash

amount :20,000

Memo : Money transferred for petty cash
| style="border:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| In the '''To Account''' field, select '''Petty Cash account.'''

In the '''Amount '''field''', enter 20,000.'''


In the '''Memo '''field, type as shown.

|-
| style="border:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Click on''' Enter Transfer''' button.
| style="border:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Click on''' Enter Transfer''' button at the bottom of the window.

|-
| style="border:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Click on '''View The GL Journal Entries for this Transfer'''
| style="border:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| In the new window, we can see a message - '''“Transfer has been entered”'''.

Next link is '''View The GL Journal Entries for this Transfer.'''

Click on it to see the '''entries'''.

|-
| style="border-top:1pt solid #000000;border-bottom:0.75pt solid #000000;border-left:0.75pt solid #000000;border-right:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Click on '''close''' 
| style="border-top:1pt solid #000000;border-bottom:0.75pt solid #000000;border-left:0.75pt solid #000000;border-right:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| A pop up window appears with the '''transaction''' details of the amount that has been transferred.

Click on the '''Close''' link at the bottom of the window.

|-
| style="border-top:1pt solid #000000;border-bottom:0.75pt solid #000000;border-left:0.75pt solid #000000;border-right:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Click on '''Back'''
| style="border-top:1pt solid #000000;border-bottom:0.75pt solid #000000;border-left:0.75pt solid #000000;border-right:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Click on the '''Back''' link at the bottom of the window to go back to the '''FrontAccounting''' interface.

|-
| style="border-top:1pt solid #000000;border-bottom:0.75pt solid #000000;border-left:0.75pt solid #000000;border-right:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| click on '''Reconcile Bank account.'''
| style="border-top:1pt solid #000000;border-bottom:0.75pt solid #000000;border-left:0.75pt solid #000000;border-right:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Next, we will check the '''Bank Statements'''.

In the '''Transactions''' panel, on the right side, click on '''Reconcile Bank Account '''link.

It matches the '''deposits''' in the '''company accounts''' with those in the '''Bank statement'''.

|-
| style="border-top:1pt solid #000000;border-bottom:0.75pt solid #000000;border-left:0.75pt solid #000000;border-right:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Point to the output
| style="border-top:1pt solid #000000;border-bottom:0.75pt solid #000000;border-left:0.75pt solid #000000;border-right:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| We can see the '''Account total, Bank Deposits''' and '''Fund transfer''' details.

This brings us to the end of this tutorial. Let us summarize.

|-
| style="border:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Slide 6

Summary 
| style="border:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| In this tutorial, we have learnt about

* Add a new '''Tax'''
* Set up '''Bank Accounts''' 
* Add''' Deposits'''
* Transfer amount into the '''Bank Account '''
* '''Reconcile''' the '''Bank Account'''

|-
| style="border:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Slide 7

Assignment 1

| style="border:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| As an assignment 

* Use '''Deposits''' option and '''deposit''' Rs.10,000 into '''Petty Cash account'''.
* Select '''Miscellaneous''' in the '''From''' field
* Enter the '''Name''' as '''Mr. Rahul'''
* Check the '''Reconcile Bank Account '''for''' Petty Cash account'''

|-
| style="border:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Slide 8

Acknowledgement 
| style="border:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| 
* The video at the following link summarises the Spoken Tutorial project.
* Please download and watch it

|-
| style="border:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Slide 9

About workshops

| style="border:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| 
* The '''Spoken Tutorial Project''' Team conducts workshops and gives certificates.
* For more details, please write to us. 

|-
| style="border-top:1pt solid #000000;border-bottom:0.75pt solid #000000;border-left:0.75pt solid #000000;border-right:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Slide 10

Forum for specific questions
| style="border-top:1pt solid #000000;border-bottom:0.75pt solid #000000;border-left:0.75pt solid #000000;border-right:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Please post your timed queries in this forum. 

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| style="border:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Slide 11

Acknowledgement
| style="border:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| The Spoken Tutorial Project is funded by NMEICT, MHRD Government of India. 

More information on this mission is available at this link.

|-
| style="border-top:1pt solid #000000;border-bottom:0.75pt solid #000000;border-left:0.75pt solid #000000;border-right:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| 
| style="border-top:1pt solid #000000;border-bottom:0.75pt solid #000000;border-left:0.75pt solid #000000;border-right:0.75pt solid #000000;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| The script and video has been contributed by Spoken Tutorial team. 

This is Arvind Pillai signing off. Thanks for joining.

|}