Hello Everyone,
I have a few Problems
I’ve setup a bank account. When i make a deposit, it shows as debit instead of credit
I’ve also set up an expense account and sometimes it shows as debit & sometimes as credit. Ive checked my setup and scoured the forum but can’t seem to find the solution to the problem.
Finally, I’ve tried to get an expense report but nothings comes up. Pls Help!!!
@Maccollins can you share screenshots of your Account Transaction Types for your Bank Deposit transactions?
@Posflow, Hello, I’ve shared the screenshot.
In your account transaction type, you have defined this transaction
Source (takes fund from) → Sales account
and
Target (puts fund into) → Confession Bank Account
If you want this transaction the other way around, you need to set source Confession bank account.
@Posflow Confession Bank account is the restaurants Main & only Bank account. So when I make deposit, I expect that I deposit the day’s total sales income into that account and make expenses from there.
So you need to move money from your payment accounts into your bank account.
The accounts screen is not an accounting platform it just helps move money between accounts for reports. You can build a decent basic accounting with it. Sales should not be going into the bank. Deposits go into bank and out of payments.
Maybe I misread some of your issue. I’ll read it again but first step is to understand how the money is moved.
Yes! I chose sales because we have clients who run tabs, which account for about 10% of my total sales. I want to be able to deposit daily sales, whether payments are made or added to a tab. From there, I’d like to draw expenses and have access to a real-time balance on the go
My main issue is generating an expense report that incorporates sales and provides the balance within a time frame. I’ve tried everything but with no success. The whole reason for setting up bank deposits was to resolve the expense report problem, but I’m more than willing to forgo that if expenses are recorded correctly and I can generate accurate reports within a set period
Hellooooooo? Pls I still need help
If you read the link I provided maybe you can understand it better. Your thinking of how it works wrong. That document explains it well.
Seen and i’ve gone through it and i think i get it now.
The topic here are 2 questions in one. Do i need to create another topic with questions on how to record expense and generate a report for a particular time frame with screenshot of my config or so i upload them here?
