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Difference between revisions of "Trial Balance"
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| − | ==== Trial Balance Menu ==== | + | == Trial Balance == |
| + | |||
| + | ====Trial Balance Menu==== | ||
[[File:Trial Balance Menu.png|center|thumb|1150x1150px|Trial Balance Menu]]'''Trial Balance''' refers to an overview of balances of the chart of accounts(Debit and Credit) in a given period(Monthly and Yearly). | [[File:Trial Balance Menu.png|center|thumb|1150x1150px|Trial Balance Menu]]'''Trial Balance''' refers to an overview of balances of the chart of accounts(Debit and Credit) in a given period(Monthly and Yearly). | ||
Trial Balance Menu Terms on Oojeema Prime System: | Trial Balance Menu Terms on Oojeema Prime System: | ||
| − | # '''Date Range''' - gives the user a set of date range on how they will view their Balance Sheet. | + | #'''Date Range''' - gives the user a set of date range on how they will view their Balance Sheet. |
| − | # '''Close Period''' - refers to a process to verify and adjust the balances of account to produce reports regarding company's financial position on that given period. | + | #'''Close Period''' - refers to a process to verify and adjust the balances of account to produce reports regarding company's financial position on that given period. |
| − | #* Closing of Period will be done monthly. The [[Journal Voucher|Journal Vouchers]] created for the monthly period can still be adjusted. | + | #*Closing of Period will be done monthly. The [[Journal Voucher|Journal Vouchers]] created for the monthly period can still be adjusted. |
| − | #* Upon Year-end Closing, All monthly periods on that year will be posted. | + | #*Upon Year-end Closing, All monthly periods on that year will be posted. |
| − | #* Upon Year-end Closing, You cannot cancel any monthly periods on that year. | + | #*Upon Year-end Closing, You cannot cancel any monthly periods on that year. |
| − | # '''[[Account Code]]''' - reference number code for a specific accounting entry for transaction. | + | #'''[[Account Code]]''' - reference number code for a specific accounting entry for transaction. |
| − | # '''Account Name''' - the account name corresponds to its account code. | + | #'''Account Name''' - the account name corresponds to its account code. |
| − | # '''Previous Carryforward''' - Previous Balance to be carryforward for the current Period. | + | #'''Previous Carryforward''' - Previous Balance to be carryforward for the current Period. |
| − | #* Balance with parenthesis () means that the balance will be deducted to the Balance for the Period. | + | #*Balance with parenthesis () means that the balance will be deducted to the Balance for the Period. |
| − | # '''Balance Carryforward''' - Current Balance to be carry forward to the next Period. | + | #'''Balance Carryforward''' - Current Balance to be carry forward to the next Period. |
| − | # '''Total Debit''' - <span style="color: rgb(51, 51, 51)">the Total Debit on the specific Account Code.</span> | + | #'''Total Debit''' - <span style="color: rgb(51, 51, 51)">the Total Debit on the specific Account Code.</span> |
| − | # '''Total Credit''' - the Total Credit on the specific Account Code. | + | #'''Total Credit''' - the Total Credit on the specific Account Code. |
| − | # '''Balance for the Period''' - Current Balance for this current Period(Base from the Total Credit, Total Debit, and Carry forwards on the Trial Balance Sheet) | + | #'''Balance for the Period''' - Current Balance for this current Period(Base from the Total Credit, Total Debit, and Carry forwards on the Trial Balance Sheet) |
| − | # '''Closing''' - list of Balance before closing. | + | #'''Closing''' - list of Balance before closing. |
| − | # '''Accumulated Balance''' - Overall balanced on the specific period. | + | #'''Accumulated Balance''' - Overall balanced on the specific period. |
| + | |||
| + | ==== Closing Period Menu ==== | ||
| + | [[File:Closing of Period Menu.png|center|thumb|646x646px|Closing of Period Menu]] | ||
| + | Closing of Period Terms under Trial Balance Menu | ||
| + | |||
| + | # '''Closing Period''' - The set of period to be closed. | ||
| + | #* If the user reaches the end of a Period (December on the case of Calendar), a modal will pop up right after the user clicks the Confirm button for the Month of December. The Modal will display the Closing Period of January to December with a Closing Account of Retained Earnings. | ||
| + | #* For year-end closing, the closing period will be indicated from January to December. | ||
| + | # '''Notes''' - remarks before closing a Period. | ||
| + | # '''Closing Account''' - the account to be close in the period. | ||
| + | |||
| + | [[File:Closing of Period Breakdown.png|center|thumb|528x528px|Closing of Period Breakdown]] | ||
| + | Closing of Period Breakdown Terms under Closing Period Menu | ||
| + | |||
| + | # '''Voucher No'''. - the reference number to be assigned once the Period has been closed. | ||
| + | #* The [[Journal Voucher]] will be auto generated once period has been closed. | ||
| + | # '''Transaction Date''' - The assigned month to be closed. | ||
| + | #* For year-end closing, the Transaction date will be the last Day of the year. | ||
| + | # '''Reference''' - the reference of the date of book closing for the month. | ||
| + | #* For year-end closing, the reference will be Year end closing for the designated year | ||
| + | # '''Notes''' - any remarks for the closing Period. | ||
| + | # '''Account''' - Set of Accounts under [[Income Statement]] Entries. | ||
| + | #* Set of Accounts can be seen in [[Chart of Account]] Maintenance Module. | ||
| + | # '''Description''' - Description for the specific Accounts. | ||
| + | # '''Debit''' - Set of amounts under Debit Accounts. | ||
| + | # '''Credit''' - Set of Amounts under Credit Accounts. | ||
| + | |||
| + | {| class="wikitable" style="box-sizing: inherit; border-collapse: collapse; border-spacing: 0px; background-color: rgb(248, 249, 250); font-size: 14px; color: rgb(34, 34, 34); margin: 1em 0px; border: 1px solid rgb(162, 169, 177); font-family: "Open Sans", Roboto, arial, sans-serif; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;" | ||
| + | ! colspan="2" style="background-color:rgb(234, 236, 240);text-align:center;" |'''Modules''' | ||
| + | |- | ||
| + | |Financials | ||
| + | |[[Journal Voucher]] | ||
| + | |- style="height:25px;" | ||
| + | | style="" |Maintenance | ||
| + | | style="" |[[Maintenance]]<nowiki> | </nowiki>[[Account Code]]<nowiki> | </nowiki>[[Chart of Account]] | ||
| + | |- style="box-sizing: inherit;" | ||
| + | | colspan="2" style="vertical-align:middle;text-align:center;" |'''Reports Module ([[Reports]])''' | ||
| + | |- style="box-sizing: inherit;" | ||
| + | | style="" |Reports | ||
| + | | style="" |[[Financial Statement]] | ||
| + | |- style="box-sizing: inherit;" | ||
| + | | style="" |Financial Statements | ||
| + | | style="" |[[Balance Sheet]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[Income Statement]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[General Ledger]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[General Journal]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[Trial Balance]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[Statement of Account]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[Accounts Receivable Aging]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[AR Detailed Report]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[AR Transaction Report]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[Accounts Receivable Aging]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[AP Detailed Report]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[AR Transaction Report]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[Accounts Payable Aging]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[AP Detailed Report]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[AP Transaction Report]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[Cash Position]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[Check List]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[Deposit List]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[Collection Register]] | ||
| + | |- style="box-sizing: inherit;" | ||
| + | | colspan="2" style="vertical-align:middle;text-align:center;" |'''Job Aid Modules''' | ||
| + | |- | ||
| + | |Financials Aids | ||
| + | |[[Journal Voucher Aids]] | ||
| + | |- style="box-sizing: inherit;" | ||
| + | | style="" |Maintenance Aids | ||
| + | | style="" |[[Account Codes Aids]]<nowiki> | </nowiki>[[Chart of Accounts Aids]] | ||
| + | |- style="box-sizing: inherit;" | ||
| + | | colspan="2" style="vertical-align:middle;text-align:center;" |'''Reports Aid''' | ||
| + | |- style="box-sizing: inherit;" | ||
| + | | style="" |Financial Statements | ||
| + | | style="" |[[Balance Sheet Aids]]<nowiki> | </nowiki>[[Income Statement Aids]]<nowiki> | </nowiki>[[General Ledger Aids]]<nowiki> | </nowiki>[[General Journal Aids]]<nowiki> | </nowiki>[[Trial Balance Aids]]<nowiki> | </nowiki>[[Statement of Account Aids]]<nowiki> | </nowiki>[[Accounts Receivable Aging Aids]]<nowiki> | </nowiki>[[AR Detailed Report Aids]]<nowiki> | </nowiki>[[AR Transaction Report Aids]]<nowiki> | </nowiki>[[Accounts Receivable Aging Aids]]<nowiki> | </nowiki>[[AP Detailed Report Aids]]<nowiki> | </nowiki>[[AR Transaction Report Aids]]<nowiki> | </nowiki>[[Accounts Payable Aging Aids]]<nowiki> | </nowiki>[[AP Detailed Report Aids]]<nowiki> | </nowiki>[[AP Transaction Report Aids]]<nowiki> | </nowiki>[[Cash Position Aids&action=view&action=view&action=view|Cash Position Aids]]<nowiki> | </nowiki>[[Check List Aids]]<nowiki> | </nowiki>[[Deposit List Aids]]<nowiki> | </nowiki>[[Collection Register Aids]] | ||
| + | |} | ||
Revision as of 12:01, 4 February 2021
Trial Balance
Trial Balance Menu
File:Trial Balance Menu.png
Trial Balance Menu
Trial Balance refers to an overview of balances of the chart of accounts(Debit and Credit) in a given period(Monthly and Yearly).
Trial Balance Menu Terms on Oojeema Prime System:
- Date Range - gives the user a set of date range on how they will view their Balance Sheet.
- Close Period - refers to a process to verify and adjust the balances of account to produce reports regarding company's financial position on that given period.
- Closing of Period will be done monthly. The Journal Vouchers created for the monthly period can still be adjusted.
- Upon Year-end Closing, All monthly periods on that year will be posted.
- Upon Year-end Closing, You cannot cancel any monthly periods on that year.
- Account Code - reference number code for a specific accounting entry for transaction.
- Account Name - the account name corresponds to its account code.
- Previous Carryforward - Previous Balance to be carryforward for the current Period.
- Balance with parenthesis () means that the balance will be deducted to the Balance for the Period.
- Balance Carryforward - Current Balance to be carry forward to the next Period.
- Total Debit - the Total Debit on the specific Account Code.
- Total Credit - the Total Credit on the specific Account Code.
- Balance for the Period - Current Balance for this current Period(Base from the Total Credit, Total Debit, and Carry forwards on the Trial Balance Sheet)
- Closing - list of Balance before closing.
- Accumulated Balance - Overall balanced on the specific period.
Closing Period Menu
File:Closing of Period Menu.png
Closing of Period Menu
Closing of Period Terms under Trial Balance Menu
- Closing Period - The set of period to be closed.
- If the user reaches the end of a Period (December on the case of Calendar), a modal will pop up right after the user clicks the Confirm button for the Month of December. The Modal will display the Closing Period of January to December with a Closing Account of Retained Earnings.
- For year-end closing, the closing period will be indicated from January to December.
- Notes - remarks before closing a Period.
- Closing Account - the account to be close in the period.
File:Closing of Period Breakdown.png
Closing of Period Breakdown
Closing of Period Breakdown Terms under Closing Period Menu
- Voucher No. - the reference number to be assigned once the Period has been closed.
- The Journal Voucher will be auto generated once period has been closed.
- Transaction Date - The assigned month to be closed.
- For year-end closing, the Transaction date will be the last Day of the year.
- Reference - the reference of the date of book closing for the month.
- For year-end closing, the reference will be Year end closing for the designated year
- Notes - any remarks for the closing Period.
- Account - Set of Accounts under Income Statement Entries.
- Set of Accounts can be seen in Chart of Account Maintenance Module.
- Description - Description for the specific Accounts.
- Debit - Set of amounts under Debit Accounts.
- Credit - Set of Amounts under Credit Accounts.