Voided transactions are those transactions wherein, the earlier entry made is reversed. Follow the steps below to fetch voided transactions: Step 1: Login to ADDA>>Admin>>General Ledger>>Query Step 2: In query page>>Select “By User”>>Enter the required dates>>Click on “Fetch Voided Transactions”.
To meet your requirement please ensure below checks: 1. All P&L Accounts need to be renamed to identify the new Entity’s Accounts. Best to rename the Old Accounts as those would anyway get deactivated after Audit is done. 2. All Balance Sheet Accounts will remain the same (e.g., Receivable, Payable . . . Read more
We can enter the fixed deposit into the system. Step 1: create a GL for fixed deposit in general ledger charts of account. Fixed deposit GL needs to creates under Assets in charts of account. Step 2: Pass a journal entry for entering the fixed deposit: 1. Go to general . . . Read more
We can rename the GL account after creating it: Step 1: Admin Dash board–>>General Ledger–>>charts of account Step 2: Over write the GL account name in desired Ledger head i.e. Income, Expenses, Assets & Liability & Save changes.
Step 1. Create a Ledger “Provision For Expense”(E.g. Provision for Electricity) under General Ledger–>>Chart Of Accounts–>>Liabilities. Step 2. Go to General Ledger—>>Journal Entries Step 3. Pass a journal Entries Debit Expense Account and Credit New Account created “Provision for Expense Account. Step 4. When the Bill for the Expense will . . . Read more
Step 1. Book an Invoice for the whole amount under Expense Tracker and pass the relevant Payment Entry. Step 2. Create a ledger head “Perepaid Expense (E.g. Prepaid AMC-Lift) under General ledger–>>Chart Of Accounts–>>Asset. Step 3. Pass a journal entry to show the Prepaid Expense for the by Debiting the . . . Read more
Step 1. Create a Ledger “Accumulated Depreciation of relevant Asset (E.g. Accumulated Depreciation of Computer) under Login to ADDA –>> Admin —>> General Ledger–>>Chart Of Accounts–>>Asset. Step 2. Create a Depreciation head under General Ledger–>>Chart Of Accounts–>>Expense. Step 3. Pass a Journal Entry from General Ledger–>>Journal Ledger by Debiting the . . . Read more
Step 1. Go to Admin Dashboard >> General Ledger–>>Trial Balance. Step 2. Select the particular period–>>Click on Generate Trial Balance. Step 3. Scroll down and you will find Export All Transaction to Excel and Export All Transaction HTML click o the relevant option. Step 4. Here you can take the back of . . . Read more
Contact our Support Team to update the last Year’s Financial Statement in ADDA.
A financial statement is a formal record of the financial activities of a business, person, or other entity reflecting true and fair financial information. Relevant financial information is presented in a structured manner and in a form easy to understand. For Housing Society, Financial Statement are “Income & Expense Statement”, . . . Read more