Accounts linked to Financial Activities

Owned by Sangamesh Nadagoudar
Last updated: Jun 18, 2019 by Massabe Lydiane
2 min read

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. 

On this page:

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.