FrontAccounting/C2/Banking-and-General-Ledger/English - Revision history

Nancyvarkey at 03:38, 7 September 2017

2017-09-07T03:38:56Z

Nirmala Venkat at 10:21, 6 September 2017

2017-09-06T10:21:32Z

Nirmala Venkat at 10:20, 6 September 2017

2017-09-06T10:20:51Z

Nirmala Venkat at 10:19, 6 September 2017

2017-09-06T10:19:41Z

Nirmala Venkat at 10:18, 6 September 2017

2017-09-06T10:18:09Z

Sheetal at 12:46, 4 April 2016

2016-04-04T12:46:15Z

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Sheetal: Created page with "'''Title of the Script : Banking and General Ledger in FrontAccounting''' '''Author: Sheetal Prabhu''' '''Keywords: GL Classes, Groups, Accounts, Journal Entry, Payment, Dep..."

2016-02-19T07:41:03Z

Created page with "'''Title of the Script : Banking and General Ledger in FrontAccounting''' '''Author: Sheetal Prabhu''' '''Keywords: GL Classes, Groups, Accounts, Journal Entry, Payment, Dep..."

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'''Title of the Script : Banking and General Ledger in FrontAccounting'''

'''Author: Sheetal Prabhu'''

'''Keywords: GL Classes, Groups, Accounts, Journal Entry, Payment, Deposit, Balance sheet'''

{| style="border-spacing:0;"
| style="background-color:#990099;border:1pt solid #000000;padding:0.097cm;"| <center>'''Visual Cue'''</center>
| style="background-color:#990099;border:1pt solid #000000;padding:0.097cm;"| <center>'''Narration'''</center>

|-
| style="border:1pt solid #000000;padding:0.097cm;"| '''Slide Number 1'''

'''Title Slide'''
| style="border:1pt solid #000000;padding:0.097cm;"| Hello everyone,

Welcome to this tutorial on,''' Banking and General Ledger in Front Accounting'''

|-
| style="border:1pt solid #000000;padding:0.097cm;"| '''Slide Number 2'''

'''Learning Objectives'''
| style="border:1pt solid #000000;padding:0.097cm;"| In this tutorial,we will learn how to create

* General Ledger Classes
* General Ledger Groups
* General Ledger Accounts

Also, we will learn :

* Pass a Journal Entry
* See the reflection in Balance sheet
* how to Void a transaction

|-
| style="border:1pt solid #000000;padding:0.097cm;"| '''Slide Number 3'''

'''System Requirements'''

* '''Ubuntu Linux''' OS version 14.04
* '''FrontAccounting''' version 2.3.24
| style="border:1pt solid #000000;padding:0.097cm;"| To record this tutorial, I am using

* Ubuntu Linux OS version 14.04
* FrontAccounting version 2.3.24

|-
| style="border:1pt solid #000000;padding:0.097cm;"| '''Slide Number 4'''

'''Pre -requisites'''
| style="border:1pt solid #000000;padding:0.097cm;"| For this tutorial, you must be familiar with:

* Principles of Bookkeeping
* Set up an Organisation/Company in FrontAccounting

If not, for relevant tutorials please visit http://spoken-tutorial.org

|-
| style="border:1pt solid #000000;padding:0.097cm;"|
| style="border:1pt solid #000000;padding:0.097cm;"| Let us start by opening''' FrontAccounting interface'''

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Click on''' browser''' >>'''localhost/account''' >> Press Enter
| style="border:1pt solid #000000;padding:0.097cm;"| Click on the browser, type''' localhost/account'''

and press''' Enter.'''

|-
| style="border:1pt solid #000000;padding:0.097cm;"| '''Narration'''
| style="border:1pt solid #000000;padding:0.097cm;"| The''' login''' page appears.

Recall that during installation, we had created''' admin''' user.

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Enter''' Username = admin '''and '''Password''' '''<nowiki>= spoken</nowiki>'''>>''' Click''' on login
| style="border:1pt solid #000000;padding:0.097cm;"| So, here type the username as''' admin''' and the password as '''spoken'''.

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

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Point to>>''' Frontaccounting''' >> page

Click>>''' Banking and Ledger'''>> tab
| style="border:1pt solid #000000;padding:0.097cm;"| The''' FrontAccounting''' window opens.

Click on''' Banking and General Ledger''' tab.

|-
| style="border:1pt solid #000000;padding:0.097cm;"| '''Point to''' options of''' Banking and General Ledger'''
| style="border:1pt solid #000000;padding:0.097cm;"| We can see various icons under this tab, such as:

* Payments
* Deposits
* Journal Entry etc.

|-
| style="border:1pt solid #000000;padding:0.097cm;"| '''Slide 5'''

'''Charts of Accounts'''

| style="border:1pt solid #000000;padding:0.097cm;"| * The''' Charts of Account '''within FrontAccounting is defined by''' Type''',''' Class''',''' Group''' and''' Account'''.

* All transactions are charged to an''' Account''',''' Group''',''' and Classes'''

* They are used to group transactions for''' reporting purposes'''.

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Point to>>''' Maintenance''' panel>>
| style="border:1pt solid #000000;padding:0.097cm;"| We can see the icons as:

* '''GL Account'''
* '''GL Account Groups'''
* '''GL Account Classes'''

in''' Front Accounting'''

|-
| style="border:1pt solid #000000;padding:0.097cm;"| '''Slide 6'''

'''Why''' GL''' Accounts, Groups''',''' Class'''
| style="border:1pt solid #000000;padding:0.097cm;"| * In FrontAccounting, an Account belongs to a''' Group''' and''' group''' belongs to''' Class'''.

* Depending upon how to present the''' Balance Sheet''' and''' Profit''' and''' Loss''' Statements

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Point to>>''' GL Account Classes'''>>
| style="border:1pt solid #000000;padding:0.097cm;"| '''GL Accounts Classes''' are the highest level and set in the system.

|-
| style="border-top:none;border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-right:1pt solid #000000;padding:0.097cm;"| Click>> '''GL Accounts Classes'''>>
| style="border-top:none;border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-right:1pt solid #000000;padding:0.097cm;"| Click on '''GL Accounts Classes'''

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Click>>''' GL Account Classes'''>>
| style="border:1pt solid #000000;padding:0.097cm;"| Here, by''' default''' the classes have been defined as:

# '''Assets'''
# '''Liabilities'''
# '''Income'''
# '''Expense'''

|-
| style="border:1pt solid #000000;padding:0.097cm;"| '''Narration'''
| style="border:1pt solid #000000;padding:0.097cm;"| You will need to set this''' class''' before setting the''' Account Groups.'''

I will''' demonstrate''' the''' '''same

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Click >>'''Class ID''' field >>
| style="border:1pt solid #000000;padding:0.097cm;"| Click on the''' Class ID''' field, I will type''' 5'''

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Click>>''' Class Name''' field>>
| style="border:1pt solid #000000;padding:0.097cm;"| Click on the''' Class Name''' field. I will type '''Equity '''.

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Click>>''' Class type field >>'''
| style="border:1pt solid #000000;padding:0.097cm;"| Click on the''' Class type''' drop down menu.

I will select''' Equity'''

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Click>>''' Add new''' button>>
| style="border:1pt solid #000000;padding:0.097cm;"| Click on '''Add new''' button

We can see a message appears that says-

''''New account class has been added''''
|-
| style="border:1pt solid #000000;padding:0.097cm;"| Point to the''' Equity status''' >> GL Account Classes
| style="border:1pt solid #000000;padding:0.097cm;"| You can see, the''' Equity class''' is added under''' Accounts Classes'''

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Point to''' Banking and General Ledger tab'''
| style="border:1pt solid #000000;padding:0.097cm;"| Click on the''' Banking and General Ledger tab.'''

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Click>>''' GL Groups''' icon>>
| style="border:1pt solid #000000;padding:0.097cm;"| Click on the''' GL Account Group''' icon

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Point to the >>''' GL Groups''' field>>
| style="border:1pt solid #000000;padding:0.097cm;"| We can see the default''' group name''' which shows''' GL Account groups''' under the''' class'''

You can also add your own''' Group Name'''

I will demonstrate

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Click >>'''Class ID''' field >>
| style="border:1pt solid #000000;padding:0.097cm;"| Click on the''' Class ID''' field,

I will''' type''' '''13'''

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Click>>''' Class Name''' field>>
| style="border:1pt solid #000000;padding:0.097cm;"| Click on the''' Name''' field, I will type as''' Fixed Assets'''

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Click>>''' Subgroup of >>'''
| style="border:1pt solid #000000;padding:0.097cm;"| I will keep the''' subgroup Class''' field as''' None'''

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Click>>''' Class''' icon >>
| style="border:1pt solid #000000;padding:0.097cm;"| Click on the''' Class''' drop down menu

I will select the''' Assets''' as the''' Class'''

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Click>>''' Add New''' button >>
| style="border:1pt solid #000000;padding:0.097cm;"| Click on''' Add new''' button.

We can see the message appears that says

‘'''New account type has been added’.'''

|-
| style="border:1pt solid #000000;padding:0.097cm;"|
| style="border:1pt solid #000000;padding:0.097cm;"| Similarly, you can add your own''' group name'''

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Point to''' Banking and General Ledger''' tab
| style="border:1pt solid #000000;padding:0.097cm;"| Again, click on the''' Banking and General Ledger''' tab

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Click>>'''GL Accounts''' icon >>
| style="border:1pt solid #000000;padding:0.097cm;"| Click on '''GL Accounts''' icon

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Click>>''' Account code''' field>>
| style="border:1pt solid #000000;padding:0.097cm;"| Click on '''Account Code''' field

I will type the code as''' 1100'''

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Click>>''' Account Name''' field>>
| style="border:1pt solid #000000;padding:0.097cm;"| Click on the''' Account Name''' field

I will type as''' Land and Building'''

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Click >>''' Account Group''' field>>
| style="border:1pt solid #000000;padding:0.097cm;"| Click on the''' Account Group''' drop down menu

I will select the''' group''' as''' Fixed Assets'''

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Click>>''' Account status''' field >>
| style="border:1pt solid #000000;padding:0.097cm;"| Click on the''' Account status''' drop down menu

I will select the''' status''' as''' Active'''

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Click>>''' Add New''' button >>
| style="border:1pt solid #000000;padding:0.097cm;"| Click on''' Add Account''' button.

We can see the message as

‘'''New account has been added’.'''
|-
| style="border:1pt solid #000000;padding:0.097cm;"| '''Narration'''
| style="border:1pt solid #000000;padding:0.097cm;"| Similarly, you can select your own''' GL Account '''

|-
| style="border-top:none;border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-right:1pt solid #000000;padding:0.097cm;"| Narration
| style="border-top:none;border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-right:1pt solid #000000;padding:0.097cm;"| Pause the tutorial here

|-
| style="border:1pt solid #000000;padding:0.097cm;"| '''Slide 7:'''

'''Assignment 1'''

| style="border:1pt solid #000000;padding:0.097cm;"| Do this assignment.

* Create''' '''a '''GLAccount Group''' and name as '''Investment'''
*
* Create''' GLAccount''' as '''Bonds, Investment, Debentures'''
* Save the changes.

|-
| style="border:1pt solid #000000;padding:0.097cm;"| '''Narration'''
| style="border:1pt solid #000000;padding:0.097cm;"| Now, we have set up the''' charts of Accounts''' for our own''' Company'''.

|-
| style="border:1pt solid #000000;padding:0.097cm;"| '''Slide -8'''
| style="border:1pt solid #000000;padding:0.097cm;"| '''Let us pass a Journal Entry'''

'''Commenced business with a Capital Rs 50,000'''
Cash A/c Dr. 50,000

To Capital A/c 50,000

'''(Being Capital introduced in business)'''
|-
| style="border-top:none;border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-right:1pt solid #000000;padding:0.097cm;"| Point to''' Banking and General Ledger''' tab
| style="border-top:none;border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-right:1pt solid #000000;padding:0.097cm;"| Click on the''' Banking and General Ledger''' tab.

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Click>>''' Journal Entry''' icon>>
| style="border:1pt solid #000000;padding:0.097cm;"| And then on the''' Journal Entry''' icon.

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Point>>''' Date''' field>>
| style="border:1pt solid #000000;padding:0.097cm;"| Click on the''' Calendar icon''' of''' Date''' field.

You can see that the default date is set as '''today'''.

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Point to''' Reference''' field
| style="border:1pt solid #000000;padding:0.097cm;"| We can see the''' reference''' field for the''' transaction.'''

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Click>>'''Account Description''' field>>
| style="border:1pt solid #000000;padding:0.097cm;"| Click on the''' Account description''' drop down menu

I will select as''' Cash'''

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Click>>''' Debit''' textbox>>
| style="border:1pt solid #000000;padding:0.097cm;"| Click on the''' Debit''' textbox

I will type the''' amount''' as''' 50,000'''

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Click on the''' Add Item''' button>>
| style="border:1pt solid #000000;padding:0.097cm;"| Click on the''' Add item''' button

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Point to the''' Account Description''' field>>
| style="border:1pt solid #000000;padding:0.097cm;"| In the''' Account description''' drop down menu

I will select '''Capital'''

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Click>>''' Credit''' textbox>>
| style="border:1pt solid #000000;padding:0.097cm;"| Click on the''' Credit textbox'''

I will type the''' amount''' as''' 50,000'''

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Click on the''' Add Item''' button>>
| style="border:1pt solid #000000;padding:0.097cm;"| Click on the''' Add item''' button

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Click>>''' Memo''' field>>
| style="border:1pt solid #000000;padding:0.097cm;"| Click, in the''' Memo''' field for the''' narration''' of this journal entry

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Point to the''' Memo''' field >>
| style="border:1pt solid #000000;padding:0.097cm;"| I will type as''' Being capital introduced in the business'''

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Click>>''' Process Journal Entry''' button>>
| style="border:1pt solid #000000;padding:0.097cm;"| Click on the''' Process Journal Entry''' button

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Point to the''' green''' colour bar
| style="border:1pt solid #000000;padding:0.097cm;"| You can see the message appears in green

as''' Journal Entry has been entered <nowiki># 2</nowiki>'''

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Point to the''' options''' >>
| style="border:1pt solid #000000;padding:0.097cm;"| You can see the''' options''' as:

* View this Journal Entry
* Enter New Journal Entry
* Add an Attachment
* Back

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Click>>'''View this Journal Entry'''
| style="border:1pt solid #000000;padding:0.097cm;"| Click on the''' View this Journal Entry''' option

A new popup window opens showing the current''' General Ledger transaction details.'''

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Point to''' Print''' and''' Close''' icon
| style="border:1pt solid #000000;padding:0.097cm;"| We can also see the icon '''print''' and''' close'''

you can also give '''print''' of this transaction for your reference.

|-
| style="border-top:none;border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-right:1pt solid #000000;padding:0.097cm;"| Point to '''close''' icon
| style="border-top:none;border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-right:1pt solid #000000;padding:0.097cm;"| I will '''close''' this window

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Click>>'''Enter New Journal Entry'''
| style="border:1pt solid #000000;padding:0.097cm;"| Click on the''' Enter New Journal Entry''' option

We can see a new page opens for the next/new''' transaction.'''

|-
| style="border-top:none;border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-right:1pt solid #000000;padding:0.097cm;"| Click>> '''back''' option>>
| style="border-top:none;border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-right:1pt solid #000000;padding:0.097cm;"| Click on the '''Back''' option

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Click>>'''Add an Attachment'''
| style="border:1pt solid #000000;padding:0.097cm;"| Click on the''' Add an Attachment''' option.

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Point to the''' menu''' bar>>''' Attachment'''
| style="border:1pt solid #000000;padding:0.097cm;"| We can see the fields as:

* Transaction
* Description
* Attached file<br/>
You can use the''' field''' to attach any''' documents''' related to the''' journal''' entry which is passed.

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Point to''' Banking and General Ledger''' tab
| style="border:1pt solid #000000;padding:0.097cm;"| Click on the''' Banking and General Ledger''' tab

|-
| style="border:1pt solid #000000;padding:0.097cm;"|
| style="border:1pt solid #000000;padding:0.097cm;"| Let us see the reflection of this''' Journal Entry''' in the '''Balance Sheet'''

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Click>>''' Balance sheet''' Drilldown>>
| style="border:1pt solid #000000;padding:0.097cm;"| Click on the''' Balance sheet drill down''' icon

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Point to '''Current''' '''Assets'''
| style="border:1pt solid #000000;padding:0.097cm;"| We can see the''' transaction''' is reflected as:

'''Current Assets''' shows balance of''' 50000 (fifty thousand)'''
|-
| style="border:1pt solid #000000;padding:0.097cm;"| Point to''' Liabilities'''
| style="border:1pt solid #000000;padding:0.097cm;"| Also, the '''transaction''' is reflected in '''Liabilities'''

shows the balance of''' 50000 (fifty thousand)'''

|-
| style="border:1pt solid #000000;padding:0.097cm;"|
| style="border:1pt solid #000000;padding:0.097cm;"| Let us see the''' Void a transaction''' icon

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Click>>''' Setup''' tab>>
| style="border:1pt solid #000000;padding:0.097cm;"| Click on the''' setup''' tab.

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Click>>''' Void a transaction''' icon>>
| style="border:1pt solid #000000;padding:0.097cm;"| Click on the icon''' Void a transaction'''

We can see the''' reference number''', which shows the entry

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Point to the''' select''' icon
| style="border:1pt solid #000000;padding:0.097cm;"| Click on the''' select''' icon

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Point to the entry shown in the field
| style="border:1pt solid #000000;padding:0.097cm;"| We can see the''' transaction number''' and''' voiding date'''

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Click >>''' Void Transaction''' button>>
| style="border:1pt solid #000000;padding:0.097cm;"| Click on the''' Void Transaction''' button

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Point to''' message''' bar
| style="border:1pt solid #000000;padding:0.097cm;"| A message appears that says

'''Are you sure you want to void this transaction? This is action cannot be undone'''

|-
| style="border:1pt solid #000000;padding:0.097cm;"| Click>>''' Proceed''' button>>
| style="border:1pt solid #000000;padding:0.097cm;"| Click on the proceed button

A message appears and says

'''Selected transaction has been voided'''

|-
| style="border:1pt solid #000000;padding:0.097cm;"| '''Narration'''
| style="border:1pt solid #000000;padding:0.097cm;"| Let us summarize.

|-
| style="border:1pt solid #000000;padding:0.097cm;"| '''Slide 7'''

'''Summary'''

| style="border:1pt solid #000000;padding:0.097cm;"| In this tutorial, we have learnt to create

* General Ledger Classes
* General Ledger Group
* General Ledger Accounts

Also, we have learnt to :

* Pass a Journal Entry
* See the reflection in Balance sheet
* Void a transaction icon

|-
| style="border:1pt solid #000000;padding:0.097cm;"| '''Slide 10'''

| style="border:1pt solid #000000;padding:0.097cm;"| We conduct workshops using Spoken Tutorials and give certificates.

Please contact us.

|-
| style="border:1pt solid #000000;padding:0.097cm;"| '''Slide 11'''

| style="border:1pt solid #000000;padding:0.097cm;"| The Spoken Tutorial Project is funded by '''NMEICT, MHRD Government of India.'''
This tutorial is contributed by''' Sheetal Prabhu'''.

'''Thank you''' for joining.
|}

@@ Line 126: / Line 126: @@
 '''Charts of Accounts'''
-| style="border-top:1pt solid #000000;border-bottom:0.75pt solid #000000;border-left:1pt solid #000000;border-right:1pt solid #000000;padding:0.097cm;"| * The''' Charts of Accounts''' within FrontAccounting is defined by''' Type''',''' Class''',''' Group''' and''' Account'''.<br/>
+| style="border-top:1pt solid #000000;border-bottom:0.75pt solid #000000;border-left:1pt solid #000000;border-right:1pt solid #000000;padding:0.097cm;"|
 * All '''transactions''' are charged to an''' Account''',''' Group''',''' Classes'''<br/>
@@ Line 174: / Line 175: @@
 |-
 | style="border-top:1pt solid #000000;border-bottom:0.75pt solid #000000;border-left:1pt solid #000000;border-right:0.75pt solid #000000;padding:0.097cm;"| Point to>>''' GL Account Classes'''>>
-| style="border:0.75pt solid #000000;padding:0.106cm;"| Here, GL Accounts Classes are the initial stage that need to be set first.
+| style="border:0.75pt solid #000000;padding:0.106cm;"| Here, '''GL Accounts Classes''' are the initial stage that need to be set first.
 |-
@@ Line 184: / Line 185: @@
 Point to the Class ID and the Class type
-| style="background-color:#ffffff;border:1pt solid #000000;padding:0.097cm;"| Here, by''' '''default the '''Class Type''' and '''Class Name'''
+| style="background-color:#ffffff;border:1pt solid #000000;padding:0.097cm;"| Here, by''' '''default the '''Class Type''' and '''Class Name''' have been defined as:
-−
 have been defined as:
 # '''Assets'''
@@ Line 212: / Line 211: @@
 |-
 | style="border:1pt solid #000000;padding:0.097cm;"| Click>>''' Class Name''' field>>
-| style="border-top:0.75pt solid #000000;border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-right:1pt solid #000000;padding:0.097cm;"| In the '''Class''' '''Name''' field, type a new '''Class''' '''Name. '''I will type the name as '''Equity'''.
+| style="border-top:0.75pt solid #000000;border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-right:1pt solid #000000;padding:0.097cm;"| In the '''Class''' '''Name''' field, type a new '''Class''' '''Name. '''
 |-
@@ Line 299: / Line 300: @@
-This is because, the''' Group Name “Fixed Assets” '''does not belong to any '''subgroup''' that is already available.
+This is because,
 |-
@@ Line 447: / Line 450: @@
 | style="border:0.75pt solid #000000;padding:0.106cm;"| And do this assignment.
-* Create a '''GL Account Group''' and '''GL Account''' as shown here.<br/>
+* Create a '''GL Account Group''' and '''GL Accounts''' as shown here.<br/>
 * Save the changes
@@ Line 473: / Line 476: @@
 The '''Entry''' is
-'''Cash A/c Dr. 50,000'''
+*'''Cash A/c Dr. 50,000'''
-'''To Capital A/c 50,000'''
+*'''To Capital A/c 50,000'''
-(Being '''Capital introduced in the business''')
+(being '''Capital introduced in the business''')
 |-
@@ Line 605: / Line 608: @@
 * '''Attached file'''
-'''Attached file '''option is used to attach any documents related to the '''Journal entry''' which is passed.
+'''Attached file '''option is used
 |-
@@ Line 684: / Line 688: @@
 Click>> Void a transaction>>
-| style="border:0.75pt solid #000000;padding:0.106cm;"| Click on the '''Setup''' tab, and then on the option '''Void a transaction''' under the '''Maintenance''' bar.
+| style="border:0.75pt solid #000000;padding:0.106cm;"| Click on the '''Setup''' tab.
 |-

@@ Line 447: / Line 447: @@
 | style="border:0.75pt solid #000000;padding:0.106cm;"| And do this assignment.
-* Create a '''GLAccount Group''' and '''GL Account''' as shown here.<br/>
+* Create a '''GL Account Group''' and '''GL Account''' as shown here.<br/>
 * Save the changes

@@ Line 447: / Line 447: @@
 | style="border:0.75pt solid #000000;padding:0.106cm;"| And do this assignment.
-* Create a GLAccount Group and GLAccount as shown here.<br/>
+* Create a '''GLAccount Group''' and '''GL Account''' as shown here.<br/>
 * Save the changes

@@ Line 442: / Line 442: @@
 '''Assignment 1'''
-* Create a GLAccount Group and GLAccount as shown here.
+* Create a '''GL Account Group''' and '''GL Account''' as shown here.
 * Save the changes

@@ Line 442: / Line 442: @@
 '''Assignment 1'''
-* Create a GLAccount Group as '''Investment'''
+* Create a GLAccount Group and GLAccount as shown here.
-* Create GLAccount as '''Bonds''', '''Debentures'''
 * Save the changes
 | style="border:0.75pt solid #000000;padding:0.106cm;"| And do this assignment.
-* Create a '''GL Account''' '''Group''' as '''Investment'''<br/>
+* Create a GLAccount Group and GLAccount as shown here.<br/>
-−
-* Create 2 separate '''GL Accounts''' named '''Bonds''' and '''Debentures'''<br/>
 * Save the changes