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Credit Note Print When a credit note is issued to a guest's account, front office staff can utilize the "Credit Note Print" feature to produce a formal record of the credit adjustment. This document typically includes details such as the guest's name, the cre...

Accounts Start Date Accounts Start Date in a PMS (Property Management System) refers to the specific date chosen as the beginning point for recording financial transactions. It is the date from which the accounting system starts tracking and managing financia...

Main head Adding a Main Head in the Accounts module of a PMS (Property Management System) refers to the process of creating or configuring a primary category or classification for accounts. By accessing the Main Head section under Account Setup, users can add...

Sub Head to the process of creating or configuring a secondary category or classification for accounts that are placed under a main head. By accessing the Sub Head section under Account Setup, users can add and manage sub heads that serve as more specific sub...

Chart of Accounts The Chart of Accounts serves as a hierarchical structure that helps organize and categorize financial transactions in a company's accounting system. When filling out the required primary information for each account in the chart, there are a...

Sub Ledger A subledger, also known as a subsidiary ledger, is a supplementary ledger that provides more detailed information about specific accounts within the Chart of Accounts. It contains transaction details and balances for individual subsidiary accounts,...

Voucher A voucher is a document used by a company’s accounts payable department to gather and file all of the supporting documents needed to approve the payment of a liability. To add the Voucher, go to Account >> Account Setup >> Voucher Press the edit...

User Rights User rights refer to the permissions and privileges assigned to individual users within a software system or application. These rights determine the actions and operations that a user is allowed to perform within the system. By configuring user r...

Link Sales Link Sales is a setup process that allows you to connect sales transactions from the Point of Sale (POS) or Front Office to specific accounts in your accounting system. This helps ensure accurate recording and tracking of revenue in the appropriate...

Link Inventory To link inventory purchases to accounts, set up the linking process by entering the purchased and consumed items in the account. In the Store tab, link the store to the appropriate ledger for tracking purchase and consumption. In the Tax tab, l...

Settings To manage account settings, navigate to Account >> Setup >> Settings. Choose the desired bill size (A4 or A5) under 'Print On'. Select 'Yes' to include a header or 'No' to exclude it in the bill under 'Print Header'. In the Consumption Posting sectio...

Opening Balance Opening Balance setup allows for entering the initial balance of ledgers before the accounting date. You can choose a ledger and specify whether the entry is a debit or credit. If the desired ledger is not available, you can add a new ledger. ...

In the hospitality industry, sales posting refers to the process of recording and posting revenue generated from various sources, such as room bookings, food and beverage sales,  event bookings, and other hospitality-related transactions. To add sales pos...

Consumption Posting Consumption posting refers to the process of recording and posting the consumption of inventory items or materials in an accounting system. It involves documenting the details of the items consumed, such as the date, quantity, location, an...

Credit Note A credit note is a document or commercial instrument issued by a seller to a buyer, indicating that the seller is crediting or reducing the amount owed by the buyer. It is typically used to rectify errors, provide refunds, issue discounts, or make...

 Debit note is a document or a commercial instrument issued by a buyer to a seller, indicating that the buyer is debiting or reducing the amount owed to the seller. It is typically used to adjust or rectify errors, return goods, claim discounts, or make adjust...

Transaction Entry: Transaction entry refers to the process of recording financial transactions into an accounting system. Identify the Transaction: Determine the type of transaction that has occurred. Common types include sales transactions, purchases, expens...

Purchase Posting Purchase posting refers to the process of recording and posting purchase transactions in an accounting system. It involves documenting the details of purchases, such as the date, supplier information, items purchased, quantities, prices, and ...

Periodical expenses Periodical expenses, also known as recurring expenses or regular expenses, are costs that occur on a regular basis over a defined period. These expenses typically repeat at fixed intervals, such as weekly, monthly, quarterly, or annually. ...

Bill Matching Bill matching in accounting refers to the process of comparing and reconciling vendor bills or invoices with the corresponding purchase orders, receiving reports, and other relevant documents. It involves verifying that the billed amounts, quant...