Accounts |
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This is the heart of the accounting functionality in Jim2. From here, financial transactions can be queried and traced, accounts can be examined and adjustments made.
Jim2 is an accrual based accounting system. The only cash based reporting is for GST reporting.
Jim2 does not have an automated depreciation function. It holds the value of fixed assets and any accumulated depreciation via the general ledger. In a typical Jim2 site, the depreciation entries are performed via a general journal. The detail of that journal is either from an external accountant or via a system or spreadsheet outside of Jim2.
The values held in the general ledger should conform to those from the external accountant, plus any movements in the year.
Accounts functions
Right click options in the Nav Tree
After the top 3 (which are self explanatory), these options mirror what is on the ribbon in the Accounts tab, except for the last tab, which will reset all tabs back to default.
Further information Clear the Historical Balancing Account Suggested End Of Month Procedures Enter Government Support Payments Purchase a Capital Asset Under Finance Record Debtors/Creditors Contras ATO Reportable Sub-Contractor Payments Share Utility Expenses with other Businesses Understanding Debits and Credits |