Simply Accounting
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 ?
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 ?
Comments
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?
DR Accounts payable....$xxx
......CR Cash.........................$xxx
Not familiar with this software but can explain most basic journal entries.