Ledger account

General description #

The ledger account report gives a summary of all ledger accounts added for the different VAT numbers by your company. The VAT numbers when used in the various invoices are identified in the accounting software using these ledger accounts.

Columns #

  • VAT code: The code of the vat number is given in this column. On hover, the column displays the short info text “VAT code.”
  • Invoice type: The type of invoice e.g, purchase invoice, sales invoice, commission invoice, etc. for which the ledger account has been added is displayed in the column. On hover, the column displays the short info text “Invoice type.”
  • Debit: The ledger account number is shown in this column when it is added to the invoices for payable accounts. On hover, the column displays the short info text “Debit”.
  • Credit: The ledger account number is shown in this column when it is added to the invoices for receivable accounts. On hover, the column displays the short info text “Credit”.
  • Explanation: Any remarks added in the explanation field of the invoice on the VAT screen are displayed in this column. On hover, the column displays the short info text “Explanation.”
  • Accounting setup: The accounting setup(whether default or any third party connection) used for the subsidiary of the VAT number is displayed in this column. On hover, the column displays the short info text “Accounting setup”.
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Updated on September 19, 2024
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FAQ'S

Accounts and Financial

  • Unable to find invoice for export in current month

    Invoices are displayed on the export screen in a particular month. The month of the invoice is taken from the invoice date and not from another date, such as the due date.

    The invoice date is therefore leading in terms of month for export periods. For example: Invoice date 22-05-2022 and due date 15-06-2022. This invoice will appear in the export under the month May.