In the General Ledger module of DJ Wizard you can enter your other non-merchandise business expenses in the
Withdrawals List, review deposits of client payments in the
Deposits List, define expense and income categories and descriptions in the
Categories Table, and reconcile deposits/withdrawals with your bank statement in the
Reconciliation Form.
In the Withdrawals List you can enter any expense which is unrelated directly to purchasing merchandise you sell. For example, enter expenses like your monthly rent, insurance, telephone payments, payroll checks, or any other expense. Paynig for merchandise you normally sell, such as diamonds, jewelry or gem stones, however, is handled through the Suppliers Module. You can also categorize every payment by major categories and subcategories. You can specify based on your monthly bank statement which of the expenses where in fact recorded in your bank for the purpose of reconciling your bank statement.
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In the Deposits List you can review all your deposits, which are made through the Accounts Receivable. And then you can specify based on your monthly bank statement which of the deposits where in fact recorded in your bank for the purpose of reconciling your bank statement deposists in a similar way as in the Withdrawals List.
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In the Categories Table you set categories for expenses as well as deposits. Categories are broken into sub-categories up to 3 levels. You can also specify whether the category is taxable or not.
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Once your payments and deposits are reconciled based on your last bank statement, you are ready to verify that your computer data is consistent with your bank statement down to the last cent. Just enter your bank Satatement Date, Starting Balance and Ending Balance and click the RECONCILE button. If your total deposite less total expenses in the current period do not match the bank statement, the Result box will suggest you what may be wrong and by how much you are off.
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Pricing Information
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