How do you configure a Bank/Cash journal without adding reconcilation (Receipt & Payment) account in the Metro Accounting System?
To configure a journal in Metro ERP's Accounting App, follow these steps:
1) Accessing Journal Configuration:
Go to the 'Accounting' module.
2) Create a New Journal:
In the 'Accounting' module, look for the 'Configuration' or 'Settings' section.
Under the configuration section, you'll likely find an option like 'Journals' or 'Journal Entries.’
Click on 'Journals' to access the list of existing journals and create new ones.
3) Adding a New Journal:
Once you're in the 'Journals' section, click the 'Create' button to add a new journal.
4) Setting General Information:
In the new journal creation form, provide general information:
Journal Name: Enter a descriptive name for the journal (e.g., Petty Cash).
Journal Code: Optionally, assign a code to the journal for easy identification.
Journal Type: Select the appropriate type for the journal (e.g., Cash, Bank).
Note: If bank reconciliation is not required, you can create the same bank account without configuring separate reconciliation accounts.
5) Defining Journal Accounts:
Configure the accounts associated with the journal:
Default Debit Account: Set the default debit account for transactions in this journal.
Default Credit Account: Set the default credit account for transactions in this journal.
6) Save and Apply Changes:
Once you've configured the journal settings, click the 'Save' button to create the new journal.
To get more details, how do you configure a Bank/Cash journal without adding reconcilation (Receipt & Payment) account in the Metro Accounting System, please do contact us at support@metrogroup.solutions