Settings. Opening Balances
The date on which all opening journal entries will be posted. This date should be set before continue.
Account balances as of defined conversion date. It can be used to contol and monitor your progress in data entry.
Special register to show all posted opening journals in one place.
List of operations to create a new opening journal. You can create a new manual journal, add unpaid sales invoice or credit note, add received prepayment, unpaid purchase invoice or debit note, add paid prepayment, unpaid expense claim and add opening stock entries.
Cash Tax Basis Accounting
PayTraq supports cash tax basis accounting so you can enter your unpaid invoices and prepayments the same way as for accrual basis. Journal entries on holding tax will be generated accordingly.