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Using TurboCASH

 

BOOKKEEPING : CHART OF ACCOUNTS SETUP
Service entities

The Service Entity only sell services to its Customers or Debtors and does not trade in Stock Items. This option is used when you have pre-printed source documents for your transactions, such as Invoices, etc. TurboCASH will guide you through the process to create the Set of Books. All you need to do is to enter a few basic details and select a few options.

Create set of booksCreate your Set of Books
Enter company informationEnter the Company Information:
tax, logo, date, currency Select the Tax Method, Logo, Date and Currency format:
Setup screens (Most of these Setup procedures are already pre-set if you have used the template Set of Books):
AccountsCreate and Edit Accounts:
Set the following Preferences:
Take-on Opening Balances:

This step is not applicable if you do not have any accounting records for the business and you only start processing the first transactions of your business in TurboCASH.

Take on your opening balances for your General Ledger Accounts from your Trial Balance and/or Financial Statements.

Once you are satisfied that all the information and settings are completed, you may start to process your daily transactions.