Important Monthly Bookkeeping Tasks You May Have Missed There are certainly other tasks that may need to be performed. These are the ones our support technicians and trainers commonly see missed. Software Updates Keep your software updated. Please check for updates and run them. Set permissions to update. Put someone in charge of updating on […]
Month-End Bookkeeping Procedures Read More »
How to Correct Deposits or Customer Payments Have you ever recorded a customer payment or deposit in Total Office Manager and later found you’ve made a mistake? Often, you will not catch a payment or deposit error in Total Office Manager until you are reconciling your monthly bank statement. This help topic covers ways to fix
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Entering YTD Account Totals Using Journal Entries This advanced help topic covers the process of entering ending balances and year-to-date totals for various accounts. Beginning and ending balances can be considered the same thing as “YTD balances” or “account totals”. Defining Beginning and/or Ending Balances The beginning balance represents the balance of an account at
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Introduction An accounting method is a set of rules used to determine when and how to report income and expenses in your books and on your income tax returns. You choose an accounting method when you file your first tax return. If you want to change your accounting method, you must get IRS approval. No
Accounting Methods Read More »
Introduction This topic explains the differences between the two deposit options Group With Undeposited Funds and Deposit To. Usage These options are used in various forms throughout Total Office Manager including Receive Payments, Sales, etc. Group With Other Undeposited Funds If you choose this option, Total Office Manager will hold all of the payments you
Deposit Types Explained Read More »
How to Setup a Loan, Amortization, and Loan Payments To set up a loan or mortgage and show principal, interest and escrow payments, follow the steps below that best suit your needs: Note: The accounts used here are for illustrative purposes only. Please consult your accounting professional for the exact accounts to use. If you
Setting Up a Loan or Mortgage (ex: truck or vehicle loan) Read More »
Transaction Types used in Total Office Manager Bill CC Charge CC Credit Check Credit Deposit Inventory Adjustment Invoice Item Receipt Journal Entry Liability Adjustment Payment Payroll Check Payroll Liability Check Sale Sales Tax Liability Check Serialized Vendor Credit YTD Adjustment Chart of Accounts Types used in Total Office Manager Accounts Payable Accounts Receivable Bank Cost
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