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 General Ledger Entry

Retail Advantage POS Software makes it easy to enter entries that are not automatically created by the accounts payable, payroll or point of sale modules.  You can also setup recurring entries as well in Retail ADVANTAGE POS Software!

General Ledger Accounts can be up to 10 characters long and you can setup up to 9999 departments. Department Income statements can also be generated using the Advantage POS Software reporting functions. You can journalize your transactions using account number or names, you do not need to be an experienced accountant to use the financial modules in the Retail ADVANTAGE Point of Sale Software.

The chart of accounts is divided into the five main account categories. The categories are Assets, Liabilities, Equity, Income and Expense accounts in Retail ADVANTAGE POS Software

Asset Accounts - things of value owned by the business.

Liability Accounts - amounts owed to outsiders.

Owner's Equity Accounts - amounts owed by the business
to its owners (profit). If the business loses money the owners may owe additional money to the business.

Revenue Accounts - Sources of income.

Expense Accounts - Payments necessary to run the business

BACK to Index of Point of Sale Software Features

Support on Retail ADVANTAGE Point of Sale Software available 9 am - 5 pm CST Monday thru Friday Call us at 281-398-3770 Sales toll free at 888-785-0882 or e-mail us at support@aknaf.com

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Retail Advantage is a Point of Sale, Retail Management, and Inventory Control Software Program Designed by Aknaf Software Inc visit us at AKNAF Accounting Software Company Website Here


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