Financial Menu
This area allows you to work with the financials. You can deposit the money collected, make the money disbursable, and disburse the funds to the appropriate agencies. You can make general journal entries, list checks to clear and reconcile your accounts.
An index of all the financial accounts in the general ledger.
Close the financial period.
This will list the monies collected through a specific date and deposit them into a bank account.
A journal entry is a way to record special transactions. You can setting initial bank balances, enter bank fees, adjust liabilities, etc.
Every account that has been set up in the Chart of Accounts has an account register so you can view the account transactions.
This will allow you to clear checks. If you are using the full Reconcile Account screen, you would want to clear check through that screen, but if you are not, this is a good place to keep track of outstanding checks.
Money that has been Made Disbursable must be dispersed to various agencies at some point. This screen allows you to select the account to disperse, and then disperse or actually write a check to the appropriate agencies.
After you deposit funds, you must indicate which of those deposited funds you wish to make disbursable. You may want to wait a specific amount of time to verify checks have cleared for example.
This is where you can reconcile your accounts with bank statements.