Default Account Mappings
These accounts are used when posting automatic journal entries
Settings saved successfully.
Debited when a sales invoice is issued
Credited when a supplier invoice is received
Credited for the net amount on sales invoices
Used for credit notes and discount amounts
Debited when inventory is sold
Debited when stock is received from supplier
Debited on cash payments received
Debited on bank/cheque payments received
Credited for tax collected on sales invoices
Financial Years
Journal entries require an active financial year
| Name | Start Date | End Date | Status |
|---|---|---|---|
| No financial years defined. | |||
New Financial Year
Creating a new financial year will close the currently active year.