Movowelling
Hey just a shot in the dark but is anyone else familiar with this software?
I'm just learning it and this is what I don't understand.
The one month (last month) that I closed the books all the bills my company paid were out through the general journal. This month to keep track of bills owing the invoices were out into accounts payable and as ea one was paid it was taken removed from accounts payable.
Do I still have to put these into the general journal ?
Movowelling
Most if the "out" are supposed to be PUT. Damn iphone
RAM_Eh
I am very familiar with the software but I'm not sure what the question is?
The gl is where all the entries are recorded. Once you pay the bills or invoices the gl will show the entry. Does that help?
JimmyHo
amounts owing to suppliers, etc. would represent accounts payable. Once the amount is paid, the accounts payable balance would disappear.
DR Accounts payable....$xxx
......CR Cash.........................$xxx
Not familiar with this software but can explain most basic journal entries.