Understanding Debits and Credits |
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This section explains the effect of posting debit and credit entries against the different areas of the general ledger.
Further information Charge a Customer an Account Fee Clear the Historical Balancing Account Enter ATO Reportable Sub-Contractor Payments Enter Capital into the Business Enter Government Support Payments Enter Prepaid Expenses and Amortising Costs Remove Duplicate Payments in Closed Period Share Utility Expenses with other Businesses Suggested End Of Month Procedures |