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Accounts Linked to Financial Activitie

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Accounts linked to Financial Activities are mapped accounts which are needed to do system generating accounting transaction. Below are the accounts which are needed to be mapped respectively

  • Asset transfer – Should be an Asset – Account type. 
  • Liability transfer – Should be a Liability – Account type.
  • Main cash account or cash at vault – Should be an Asset – Account type.
  • Cash at Tellers/cashier – Should be an Asset – Account type, used for “Teller cashier management” feature. 
  • Opening Balances transfer contra – Should be an Equity – Account type, used for “Migrate opening balances” feature.
  • Fund source – Should be an Asset – Account type.

Beginning at the main screen, click on Accounting. This will launch the Accounting menu. Select Accounts linked to Financial Activities.

Defining new mapping

Click on “+Define New mapping

Select and edit the mapping as mentioned in the example below:- 

   Financial activity: Opening Balances Transfer Contra

    Account: Opening Balances Contra Account(Equity account type)

    Then click on Submit.

Key Error Messages

Note: For the example above: Opening Balances Transfer Contra, you should have created an Equity Account Type from chart of account feature.

For example: Opening Balances contra account with account type as equity. 

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