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Setting items

Setting items is the function that enables to assort items specifically with its own character. Once you set the items, WHOOING suggests you with the most suitable report depending on a result of the setting. The following indicates configurable accounts that you can set items into.

Assets/Liabilities to ‘General ledger’

The appropriate settings will be automatically chosen depends on its nature as an ordinary deposit, cash, etc.

Assets/Liabilities to ‘Customers ledger’'

It could be used for managing certain customers’ balances (such as a specific person, a specific firm or a product). For example, ‘Cash’ account can be utilized for various purposes like when you make a deposit, a withdrawal or a payment. On the other hand, ‘Deposit’ account normally repeats its transactions with the same bank or for the same financial instrument. In this case, if you set those repeatable transactions into the Customers ledger, you can easily find and check the balance of customers or financial instruments by just putting an item number.

' When you input data into Customers ledger, make sure that you put a correct customer name or a product accurately with description in a blank. For example, let’s say there are ‘a handsome Jack’ and ‘an ugly Jack’. Here, you need to put ‘Jack (handsome)’ and ‘Jack (ugly)’ separately to enter the data to the program. Any description apart from name goes into the blank.

Credit cards’ in Liabilities

It literally means setting the use of credit cards. Once you set credit cards in the liabilities account, you will be able to find out a monthly credit card usage and payment due in the ‘Credit Card Report’. Please be aware of the fact that it will not cover the calculation of payment.

Debit cards’ in Liabilities

It is a liability item which makes payments as soon as purchases made by withdraw funds from a payer's bank account. Therefore, liability amount for this item will always be ‘0’. (If the numbers in the report are not accurate, please try to adjust capital to match numbers.)

‘Variable’ in Expenses/ Revenue'

Items which are liable to or capable of change every month



Related Terms

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