Accounts Used by the Cashbook

Bank Account

This account is used as the control account for all entries posted into the Cashbook.

For example, if a payment of 100.00 is entered, the bank account will be credited with this amount.

Void Cheques Account

This General Ledger account is used for tracking all void cheque transactions.

Bank Transfers Clearing Account

This account is required if you use Bank Transfers.

This avoids the double entry of transactions transferred to the General Ledger from the Cashbook.

Cashbook will debit/credit this Bank Transfers Clearing Account and the reverse will go to your Bank Account.

Interface Clearing Accounts

Each interface option you are utilizing i.e. Accounts Receivable, Accounts Payable or Payroll will utilize a General Ledger Clearing account in order to prevent the duplicate amounts being processed in the General Ledger.