Nirmala Venkat: Created page with "'''Banking and General Ledger''' {| style="border-spacing:0;" | style="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206..."

2019-11-01T06:30:31Z

Created page with "'''Banking and General Ledger''' {| style="border-spacing:0;" | style="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206..."

New page

'''Banking and General Ledger'''

{| style="border-spacing:0;"
| style="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| '''Slide 1'''

'''Title Slide'''
| style="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Welcome to spoken tutorial on '''Banking and General Ledger in Front Accounting'''.

|-
| style="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| '''Slide 2'''

'''Learning Objectives'''

In this tutorial,we will learn to create

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

| style="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| In this tutorial,we will learn to create

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

|-
| style="background-color:#ffffff;border:1pt solid #000001;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="background-color:#ffffff;border:1pt solid #000001;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="background-color:#ffffff;border:1pt solid #000001;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="background-color:#ffffff;border:1pt solid #000001;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="background-color:#ffffff;border:1pt solid #000001;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/ http://spoken-tutorial.org]
| style="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| And you should have already set up an '''Organisation/Company''' in '''FrontAccounting'''

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

|-
| style="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| '''Slide 5:'''

'''Start XAMPP service '''
| style="background-color:#ffffff;border:1pt solid #000001;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="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Narration
| style="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Let us open the '''FrontAccounting '''interface'''.'''

|-
| style="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Click on '''browser''' >>'''localhost/account''' >> Press '''Enter'''
| style="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Open the browser and type '''localhost slash account '''and press '''Enter.'''

|-
| style="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Narration
| style="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| The '''login''' page appears.

|-
| style="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Enter '''Username = admin '''and '''Password''' '''<nowiki>= spoken</nowiki>'''>> '''Click''' on login
| style="background-color:#ffffff;border:1pt solid #000001;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="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Point to>> '''Frontaccounting''' >>
| style="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| The '''FrontAccounting''' interface opens.

|-
| style="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Click on '''Banking and General Ledger''' tab.
| style="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Click on '''Banking and General Ledger''' tab.

|-
| style="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Point to>> '''Maintenance''' bar>>

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

| style="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| In the '''Maintenance''' panel we can see the options:

* '''GL Accounts'''
* '''GL Account Groups'''
* '''GL Account Classes'''
|-
| style="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Narration
| style="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Before we start with any transaction, we need to set the '''Charts of Accounts.'''
|-
| style="background-color:#ffffff;border-top:1pt solid #000001;border-bottom:0.75pt solid #000001;border-left:1pt solid #000001;border-right:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| '''Slide 6'''

'''Charts of Accounts'''
| style="background-color:#ffffff;border-top:1pt solid #000001;border-bottom:0.75pt solid #000001;border-left:1pt solid #000001;border-right:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| * The '''Charts of Accounts''' in '''FrontAccounting''' is defined by '''Type, Class, Group''' and '''Account'''.
* All '''transactions''' are charged to an '''Account''', '''Group''', '''Classes'''
* These are used to group '''transactions''' for '''reporting purposes'''.
|-
| style="background-color:#ffffff;border-top:0.75pt solid #000001;border-bottom:1pt solid #000001;border-left:1pt solid #000001;border-right:0.75pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| '''Slide 7'''

'''Why''' '''GL Accounts, Groups''' and '''Class?'''

* '''Account''' belongs to a '''Group''' and '''Group''' belongs to '''Class'''
* It will be reflected in Balance Sheet and Profit and Loss A/c statements as per the account group

| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| In '''FrontAccounting''',

* '''Account''' belongs to a '''Group''' and '''Group''' belongs to a '''Class'''
* It will be reflected in the Balance Sheet and Profit and Loss account statements as per the account group
|-
| style="background-color:#ffffff;border-top:0.75pt solid #000001;border-bottom:1pt solid #000001;border-left:1pt solid #000001;border-right:0.75pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| '''Narration'''
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Switch back to the '''FrontAccounting''' interface.

|-
| style="background-color:#ffffff;border-top:1pt solid #000001;border-bottom:0.75pt solid #000001;border-left:1pt solid #000001;border-right:0.75pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Point to>> '''GL Account Classes'''>>
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| The first step is to set the '''General Ledger Account Classes.'''

|-
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Click>> '''GL Accounts Classes'''>>
| style="background-color:#ffffff;border-top:0.75pt solid #000001;border-bottom:1pt solid #000001;border-left:0.75pt solid #000001;border-right:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Click on '''GL Account Classes '''link''' '''in the '''Maintenance''' panel.

|-
| style="background-color:#ffffff;border-top:0.75pt solid #000001;border-bottom:1pt solid #000001;border-left:1pt solid #000001;border-right:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Click>> '''GL Account Classes '''>>

Point to the Class ID and the Class type
| style="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Here, by default the '''Class Name '''and '''Class Type''' are defined as:

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

Also, we can see that the '''Class ID''' is set''' '''for each '''Class Type.'''

|-
| style="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| '''Narration'''
| style="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| We need to set this '''class''' before setting the '''Account Group.'''

|-
| style="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"|
| style="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Now we will see''' '''how to add a new '''class'''.

|-
| style="background-color:#ffffff;border-top:1pt solid #000001;border-bottom:1pt solid #000001;border-left:1pt solid #000001;border-right:0.75pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Click >>'''Class''' '''ID''' field >>

Type '''5'''
| style="background-color:#ffffff;border-top:1pt solid #000001;border-bottom:0.75pt solid #000001;border-left:0.75pt solid #000001;border-right:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| In the '''Class ID''' field, type 5. The ID should be a unique value.

|-
| style="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Click>> '''Class Name''' field>>
| style="background-color:#ffffff;border-top:0.75pt solid #000001;border-bottom:1pt solid #000001;border-left:1pt solid #000001;border-right:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| In the '''Class''' '''Name''' field, type '''Equity.'''

|-
| style="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Click>> '''Class Type field >>'''

Show the dropdown box and the options

Narration
| style="background-color:#ffffff;border-top:1pt solid #000001;border-bottom:0.75pt solid #000001;border-left:1pt solid #000001;border-right:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Click on the '''Class Type''' drop-down box.

We can see the default list:

* '''Assets'''
* '''Liabilities'''
* '''Equity'''
* '''Income'''
* '''Cost of Goods Sold'''
* '''Expense'''

'''FrontAccounting''' follows this '''Class''' '''Type''' to present in the '''Balance''' '''Sheet'''.

|-
| style="background-color:#ffffff;border-top:1pt solid #000001;border-bottom:1pt solid #000001;border-left:1pt solid #000001;border-right:0.75pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Select the Class type as '''Equity'''
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Select the '''Class Type''' as '''Equity'''.

|-
| style="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Click>> '''Add new''' button>>

Point to the message which appears
| style="background-color:#ffffff;border-top:0.75pt solid #000001;border-bottom:0.75pt solid #000001;border-left:1pt solid #000001;border-right:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Click on '''Add new''' button at the bottom of the window.

A message is displayed- ''''New account class has been added''''.

|-
| style="background-color:#ffffff;border-top:1pt solid #000001;border-bottom:1pt solid #000001;border-left:1pt solid #000001;border-right:0.75pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Point to the '''Equity status''' >> GL Account Classes

Point >> Class type drop down box>>

Point >> the Panel where the Equity shows in the third level>>
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Here, we can see that the new '''Class “Equity”''' has been added to the third row.

This is because, in the default '''Class Type,''' '''Equity''' is on the third hierarchy level.

So, whenever a new '''Class''' is added, it takes the default place of the '''Class''' '''Type'''.

|-
| style="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Point to '''Banking and General Ledger tab'''
| style="background-color:#ffffff;border-top:0.75pt solid #000001;border-bottom:1pt solid #000001;border-left:1pt solid #000001;border-right:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Now, let us see how to add '''GL Groups.'''

Go to the '''Banking and General Ledger '''tab'''.'''

|-
| style="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Click>> '''GL Groups''' >>
| style="background-color:#ffffff;border-top:1pt solid #000001;border-bottom:0.75pt solid #000001;border-left:1pt solid #000001;border-right:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Click on the '''GL Account Groups''' link''' '''in the '''Maintenance''' panel.

|-
| style="background-color:#ffffff;border-top:1pt solid #000001;border-bottom:0.75pt solid #000001;border-left:1pt solid #000001;border-right:0.75pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Point to the >> '''GL Group Name List''' >>

Point to the >>'''Group ID''' list>>
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| We can see the default '''Group Name,''' which shows '''GL Account Groups''' under the '''Class'''.

You can also see the '''Group ID''' is set according to the '''Class'''.

|-
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Point to the >>Group ID list>>
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| In the '''ID '''field''', '''type the new '''Group ID '''as '''12.'''

|-
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Click>> Group Name field>>
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| In the '''Name''' field, I will type '''Fixed Assets '''as the '''Group Name.'''

|-
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| '''Click>> Subgroup of dropdown menu>>'''

'''Point>> Subgroup of field>>'''
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| The '''Group Name “Fixed Assets” '''does not belong to any '''subgroup''' that is already available.

Hence, in the '''subgroup''' field, keep the field as '''None.'''

|-
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Click>> Class dropdown box >> select '''Assets'''

| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Now, click on the '''Class '''drop-down box.

According to the '''Charts of Accounts, Fixed Assets '''comes under the '''class''' of '''Assets.'''

So select '''Assets''' as '''Class.'''

|-
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Click>> Add New button >>

Point to the message which appears
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| To save these changes, click on '''Add new '''button at the bottom of the window'''.'''

We can see an error message that says -

“'''This account Group ID is already in use”.'''

|-
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Point to the existing code 12

Narration
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| So a unique '''Class''' '''ID''' has to be added to each '''Group''' '''Name'''.

|-
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Type>> '''Group ID 13'''>>

Click>> Add New button>>
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Let’s change the '''Group ID '''to '''13.'''

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

|-
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Point to the>> '''message bar'''>>
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| This time we can see a message that says -

“'''New account type has been added.”'''

|-
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| '''Point to the newly added Group Name'''
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| The new '''Group Name '''is added randomly''' '''within the '''class “Assets”.'''

|-
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Narration
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Likewise, we can add our own '''Group Name'''.

<nowiki><<PAUSE>> </nowiki>

|-
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Point to '''Banking and General Ledger''' tab

| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Now, let us see how to add '''GL Accounts.'''

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

|-
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Click>>'''GL Accounts''' >>
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Then click on '''GL Accounts '''link''' '''in the '''Maintenance''' panel.

|-
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Click>> '''Account Code''' field>>

Point to the '''Account Code''' field
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Here also we need to type a unique '''code'''. It is a mandatory field.

In the '''Account Code '''field, I will type '''1100 '''as the code.

You can give any code of your choice, if you wish to.

|-
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Click>> '''Account Name''' field>>
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Click on the '''Account Name''' field.

Type the '''Account Name '''as “'''Land and Building”.'''

You can give any name of your choice.

|-
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Click >> '''Account Group''' field>>

Select the '''Fixed''' '''Assets''' '''Account''' '''Group'''>>

Narration
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| In the '''Account Group''' drop-down box, select the '''Account Group''' as '''Fixed Assets.'''

The '''Account''' '''Name''' '''Land & Building''' has to come under the '''Group Fixed Assets''' as per the '''Charts of Accounts.'''

|-
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Click>> '''Account''' '''status''' field >>
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Next, click on the '''Account status '''drop down menu.

Select the '''status''' as '''Active.'''

|-
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| '''Click>> Add Account button >>'''

Narration
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Then click on '''Add Account '''button''' '''at the bottom of the window.

We can see the message -

‘'''New account has been added’.'''

|-
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| '''Click>>account drop down box>>'''

'''Narration'''
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Now, click on the '''New account '''drop-down box at the top.

We can see the newly added '''Account '''here.

|-
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Point to the '''account code'''
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Each organisation will have their own set of '''account codes''', as shown here.

|-
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| '''Narration'''
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Likewise, by following the above steps, you can create your own '''GL Accounts'''.

|-
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"|
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| This brings us to the end of this tutorial.

Let us summarize

|-
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| '''Slide 8'''

'''Summary'''

We learnt to

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

| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| We have learnt to create

''' '''

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

|-
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| '''Slide 8:'''

'''Assignment 1'''

* Create new''' GL Accounts -''' '''Cash''' and '''Capital''' with the below details
*

{| style="border-spacing:0;"
| style="background-color:#ffffff;border:1pt solid #000001;padding:0.176cm;"| Account code
| style="background-color:#ffffff;border:1pt solid #000001;padding:0.176cm;"| GL Account Name
| style="background-color:#ffffff;border:1pt solid #000001;padding:0.176cm;"| GL Account Group

|-
| style="background-color:#ffffff;border:1pt solid #000001;padding:0.176cm;"| 1101
| style="background-color:#ffffff;border:1pt solid #000001;padding:0.176cm;"| Cash
| style="background-color:#ffffff;border:1pt solid #000001;padding:0.176cm;"| Current Assets

|-
| style="background-color:#ffffff;border:1pt solid #000001;padding:0.176cm;"| 1102
| style="background-color:#ffffff;border:1pt solid #000001;padding:0.176cm;"| Capital
| style="background-color:#ffffff;border:1pt solid #000001;padding:0.176cm;"| Long term liabilities

|}

| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| As an assignment.

* Create new''' GL Accounts -''' '''Cash''' and '''Capital''' with the below details
* Save the changes

|-
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Narration -

Point the newly added account (after assignment)
| style="background-color:#ffffff;border:0.75pt solid #000001;padding-top:0.106cm;padding-bottom:0.106cm;padding-left:0.092cm;padding-right:0.106cm;"| Now we have set the '''Charts of Accounts''' for our '''Company '''with new '''GL Accounts'''

|-
| style="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| '''Slide''' '''9:'''

'''Acknowledgement'''
| style="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| * The video at the following link summarises the Spoken Tutorial project.
* Please download and watch it
|-
| style="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Slide 10:

About workshops
| style="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| The''' Spoken Tutorial Project''' Team conducts workshops and gives certificates.

For more details, please write to us.

|-
| style="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Slide 11:

Forum for specific questions:
| style="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.079cm;padding-right:0.191cm;"| Please post your timed queries in this forum.

|-
| style="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| '''Slide 12''' :

Acknowledgement
| style="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| Spoken Tutorial project is funded by NMEICT, MHRD, Government of India.

More information on this mission is available at

this link.

|-
| style="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| '''Previous slide'''
| style="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206cm;padding-right:0.191cm;"| The script and video has been contributed by Spoken Tutorial team.

This is Pratik kamble signing off. '''Thanks '''for joining.

|}

FrontAccounting-2.4.7/C2/Banking-and-General-Ledger-in-FrontAccounting/English - Revision history

Nancyvarkey at 05:29, 5 November 2019

Nirmala Venkat: Created page with "'''Banking and General Ledger''' {| style="border-spacing:0;" | style="background-color:#ffffff;border:1pt solid #000001;padding-top:0cm;padding-bottom:0cm;padding-left:0.206..."