GST Cash Payments Opening Balance
Issue:
When using the GST Scheme of Cash Payments, there is no way to accomodate for opening entry.
Solution:
Set to Manually Entered to enter the opening payment. The rest of the process will stay the same.
Related Articles
Opening Balance: Loan Opening Balance Won't Save
Issue / Problem: When in the Enter Opening balances screen, the Loan opening balance will not save: Solution: You must enter the Opening Balance of the loan in the loan record:My Balance Sheet is out of balance / my reports are wrong
Issue: My balance sheet is out of balance or my reports are not showing the correct figures. This can also be for consolidations. Cause: Sometimes this can occur with the calculations have not been properly refreshed. Solution: 1. Under Utilities, ...Opening Balance: Opening Balance of An Asset Does Not Show On Reports
Issue: Entering or changing the opening balance on an asset record does not update on the reports. Solution: You must enter the opening balance through the opening balance screen:Using bank accounts for shareholders payments and crediting to current account
How to set up shareholders payments and credit to current account Set up a P&L Cost as separately invoiced cost and call it “shareholders salaries” Create a bank account called “Drawings” Create an other debtor/creditor account (Other assets and ...GST/VAT Rate Error: TargetInvocationException
Issue / Error Message: When opening a forecast, the following error occurs: TargetInvocationException Exception has been thrown by the target of an invocation. NullReferenceException Object reference not set to an instance of an object. at ...