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Using TurboCASH

 







TAKE-ON OPENING BALANCES
CREATE SUNDRY CREDITOR ACCOUNT FOR TAKE-ON OF OPENING BALANCES
  
If you have many creditor accounts with outstanding balances, and if you wish to take-on opening balances for each accounting period, to utilise the ageing facility in TurboCASH, you need to create a Sundry Creditors Account. When you enter the opening balances for the General Ledger Account, you will allocate the balance of your Creditors Control Account to this Sundry Creditors Account in the Creditors Ledger. TurboCASH will, once the General Ledger opening balance batch is posted to the General Ledger, update the Creditors Control Account in the General Ledger.

To create a Sundry Creditors Account to Take-on Opening Balances:

Click on the Edit - Accounts - Creditor menu option or press the and and and keys on your keyboard. The Creditor Accounts and the Creditors search facility screens will be displayed.

Title bar. Close button - click to close or exit this screen. Click to create a new Account. Click to search for a Creditor Account. Click to delete a Creditor Account. Click to Save the data entered for a Creditor Account. Enter the Account code and name for the Sundry Creditors Account. Leave blank. Leave blank. Enter a new account number or select an existing account. Enter a Name of the Sundry Creditor Account. Leave blank. Leave blank. Leave blank. Leave blank. Leave blank. Leave blank. Click on the OK button to save your changes and to select a new Creditor Account. Click to close or exit this screen.
Press the key on your keyboard to exit the Creditors search facility screen and enter the Account Number (e.g. 1COPEN). TurboCASH will display the following confirmation screen.

 


Click on the button and enter the name for your Sundry Creditor Account - (e.g. Creditor Opening Balances) and leave the rest of the fields on this screen (including the Statements and the Accounting Information tabs) blank.
Click on the button and press the key on your keyboard twice to close or exit the Creditors search facility and the Creditor Accounts screen.

You may start to take-on your General Ledger balances and Creditor Account balances.