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| Globally Accessible Accounting and Inventory Control Application with you online store and e-payment interface. Internet or Web based Accounting and Inventory Control Application including a online store for your business with a shopping cart and credit card interface. Runs in an internet browser from any computer. | | Learn More | |
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HiTech Newspaper Management System
Customized for Newspaper & Magazine Publishers
Complete with Advertisement, Circulation, Payroll & Accounts modules
Trading & Profit & Loss A/c Setup Trading & Profit & Loss A/c Setup, Accounts Module
inastpla.bmp
Trading & Profit & Loss A/c consists of accounts having type Income or Expenditure. This account type is setup in menu command Set Up Accounts . According to this account type and the nature of balance the account finds its side in the Trading & Profit & Loss A/c. When you include control accounts then all the accounts belonging to that control account group are appended to the Trading & Profit & Loss A/c.
To set up balance sheet give Menu Command Trading & P/L A/c Setup . Trading & P/L A/c setup window will be displayed. The accounts having type as Income or Expenditure will only appear in the list of accounts. Select a name in the list. Click the option button Trading A/C if you want to include it in trading account. Click the option button P/L A/C if you want to include it in profit and loss account. The selected account head will be included on the appropriate side of the trading / profit & loss A/C. If you include control account then all accounts belonging to that control account group will be removed from the Trading & Profit & Loss A/c and be appended to the Trading & Profit & Loss A/c. To delete account head from Trading & Profit & Loss A/c press command button Delete A/C from Setup .
To save the current settings press command button Save Setup .
To set up Trading & Profit & Loss A/c automatically press command button Auto Setup . The auto setup will be done as per the definition of the account head given in the account head setup. If nothing is specified in the account head setup then the account head will be added to the profit and loss account. Control accounts will be included in the Trading & Profit & Loss A/c and accounts belonging to those control account groups will be appended group wise to the Trading & Profit & Loss A/c.
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