Best ERP Software for HVAC, Plumbing, Field Service Businesses
How to Number Your Chart of Accounts (COA) A standard chart of accounts (or COA) is organized according to a numerical system. The Chart of Accounts numbering convention states that each major category will begin with a certain number, and then the sub-categories within that major category will all begin with the same number. If […]
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Understanding Account Types used in the Chart of Accounts This article explains the use of Chart of Accounts – Account Types. Here, various account types are defined and explained. We will explain what the (Chart of Account) account types are and how to use them to keep your contracting company’s finances organized and accurate. This
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Introduction A small business may choose to use a line of credit to cover short term cash shortages. Lines of credit can take many forms. Generally, a company makes a request to borrow money against its line of credit via fax or email. The money is then electronically deposited into the company’s bank account. The
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How to Use Positive Pay in Checking Total Office Manager does provide a file to support the Positive Pay standard which helps reduce fraud and theft. This standard is a requirement of some banks. By submitting a Positive Pay™ file to your bank, this helps the bank prevent check fraud by examining questionable checks submitted for payment
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Introduction This advanced topic explains Journal Entries. They are also known as Adjusting Journal Entries or AJE for short. In traditional accounting, a record of a transaction in which the total amount in the Debit column equals the total amount in the Credit column, and each amount is assigned to an account on the chart
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What is the Chart of Accounts (COA) The Chart of Accounts List is used to manage your financial accounts. The Chart of Accounts is often referred to as COA. Accounts are used to record and summarize the increases, decreases, and balances of each asset, liability and owner’s equity items (like accounts receivable, accounts payable, and
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Bank Deposits and Managing Undeposited Funds This topic explains the use of the Make Deposit form. You will lean how to make deposits for your Undeposited Funds account. Undeposited Funds appear on your Balance Sheet when using the Group with Other Undeposited Funds feature. Please read the helpful Tips section at the bottom of this
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Introduction The Manual Deposits List is used to review, research, and generally manage your manual bank deposits. Form Access From the main menu, click Banking | Manual Deposits List, or From the toolbar, click the drop-down arrow on the “Make a Deposit” button, then select “Manual Deposits List”. Usage Perhaps the easiest way of using
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Introduction This topic will cover the management of Direct Deposit Setup files. Usage Use this form to add, delete, or edit the various Direct Deposit Setup files that you have created. A Direct Deposit Setup file is the information you need for direct deposit related to Total Office Manager. You can have multiple setup files
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Introduction This topic will cover the use of the Direct Deposit Setup files. Usage Use this form to view the various Direct Deposit Setup files that you have created. A Direct Deposit Setup file is the information you need for direct deposit related to Total Office Manager. You can have multiple setup files but most
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