Service Entity - Start-up Reference
Liabilities, Income and Expenses.
e. Statements - If you have debtors, you may specify the message to be displayed on Statements.
You may also set the paper type and the page setup for dot-matrix printers.
Internet (Optional) - Set the Internet to enable you to send reports via E-mail or Fax. This is
optional for those users who have a valid e-mail address and an Internet Account with an Internet
Service Provider (ISP).
g. Access Control (Optional) - Create passwords for users and al ocate functions to each user.
5. Create and Edit Master Files:
a. Edit Chart of Accounts - Print the Chart of Accounts and check that the standard Chart of
Accounts meets your requirements. If not, create/add new accounts, or delete unwanted
b. Edit Bank Accounts - Edit the name of your existing main Bank Account. If you have more than
one Bank Account, you need to add Payments and Receipts Batches for each other Bank
Account and then create the other bank accounts (remember to link each of the new Bank
Accounts to its own Receipts and Payments Batch).
c. Create Tax Accounts - The basic Tax accounts for VAT/GST/Sales Tax is already preset. Check
that the accounts are correct for your requirements and add any VAT/GST/Sales Tax account
(e.g. Capital Goods) which you may require, if any. (Only if you are registered for VAT/GST/Sales
d. Create Debtor Accounts - Create your Debtor Accounts - General Information, Accounting
e. Create Creditor Accounts - Create your Creditor Accounts - General Information, Accounting
6. Set the fol owing Preferences:
a. Backup Path - Select the default location (drive and / or folder in which you wish to create
b. Printer - Select the default printer on which you wish to print the majority of your reports and
c. Fonts - Set the default fonts for your system.
d. Data Parameters - Set the debit / credit display mode, number of decimals and defaults symbol
to display large amounts.
e. Define Labels - Define labels for your debtors and creditors.
7. Take-on Opening Balances:
a. General Ledger Accounts - Take-on your opening balances for your General Ledger Accounts
from your Trial Balance and / or Financial Statements.
b. Individual Debtor Accounts - Take-on your opening balances for each of your individual Debtor
Accounts. The total of the Debtor Accounts must balance with the Debtor's Control Account on
the Trial Balance and / or Financial Statements.
c. Individual Creditor Accounts - Take-on your opening balances for each of your individual
Creditor Accounts. The total of the Creditor Accounts must balance with the Creditor's Control
Account on the Trial Balance and / or Financial Statements.
Once you are satisfied that all the information and settings are complete, you may start to process
your daily transactions.
The Complete TurboCASH Reference Guide - 93