Total Legal Accounting 3




USAGE: To enter cash receipt transactions. This is the normal method of entering receipts when using the General Ledger in stand-alone mode. In integrated-mode, it is still necessary to enter certain receipts directly into the General Ledger, which do not relate to a Debtor, eg. rental, overseas rebates, etc.


DISCUSSION: When you start the RECIEPTS program, the computer will initially ask:




Receipts can only be entered one accounting period at a time. Otherwise period based reports would not balance. By default, the current period is offered, however you may change the period to any number from 1 to 15.


Enter the period number that pertains to the entries you wish to make and press <Enter>.


Next you will be asked to enter the account number of the Bank you will be posting to.




The bank account shown is the last 4 digits of the bank account number of your default bank (as defined in General Ledger Maintenance (see SECTION 6 and SECTION 6.5.2). This is the number on your chequebook, not the actual General Ledger account number. T.L.A. will find the General Ledger account for you. You can initiate a search using <F9>.


The screen will now change and ask for the receipt lines. The period you are working in is displayed near the top-left-hand-corner of the screen. Also, the total value of the receipt you are creating is displayed near the top-right-hand-corner of the screen. This is a useful reference when you are entering a dissected receipt.



If you have enabled multi-banks, the actual General Ledger account number of the bank you are posting to, will be displayed between the PERIOD and BALANCE in the ribbon line of the above screen.


There are several fields you will need to enter for each line:


DATE                  This is the transaction date. It must be within the accounting period you have defined, above. By default, T.L.A. will offer today’s date or the last date you used. You can use <F1> to specifically enter today’s date. The date may only be entered once for each receipt.


REFERENCE NUMBER        This is usually a receipt number or some other internal audit number. If you do not issue receipts, or you are not concerned with this number, just press <Enter>. By default, T.L.A. will offer you one greater than the last receipt number you entered. The reference number may only be entered once for each receipt.


ACCOUNT    This is the General Ledger account you wish to post to. It may be any valid existing account, however, usually receipts are posted to revenue accounts. If you do not remember the account code, <F9> is available for searching the General Ledger master-file. After choosing an account, T.L.A. will also display the Expected Sign and Current Value of the account, as a reference. This value is read once and is not updated until you post your transactions. If you are entering a dissected receipt, <F1> is available to repeat the account number. This can save time if you are entering a series of dissections that post to the same account but with different descriptions and amounts.


DETAILS    Here you enter the details of the receipt. If you are entering a dissected receipt you may enter the details of each dissection separately. This field must not be left blank. If you are entering a dissected receipt, <F1> is available to repeat the description from the previous line. This can save time if you are entering a series of dissections that have similar descriptions.


VALUE      Here you enter the value of the line. The value must not be zero, but can be negative although this is not recommended.


At each point you may press <ESC> to abort the line or the whole transaction.


If you have entered at least one line of a dissected transaction, you may press <F5> (at the ACCOUNT field) to enter the REVIEW function. This function allows you to view your entries, and if necessary change or delete a line. To move between lines use <CsrUp>, <CsrDn>, <PageUp>, <PageDn>, <Home> and <End>. If there is a particularly large number of lines, you can also use <F9> to go to a specific line number. To modify a line, make sure it is displayed in full in the bottom window and press <F3>. You can then re-enter any of the details. To leave the REVIEW function, press <ESC> or <F10>, once.


To finally update your transaction, press <F10>. If you have enabled the printing of deposit slips, you will then be asked to enter the banking details.


Files updated by the General Ledger Receipt program:


General Ledger master-file: Each account balance is updated in the chosen period with the value of each dissection. The bank is updated with the total of transaction.


General Ledger transaction-file:      A transaction is posted for each transaction line and for the total value of the transaction.


Bank deposit file:      If you have enabled Bank Deposit Slip printing, a transaction will be posted to the Bank Deposit Slip file.

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