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General Ledger Accounts
ADVANTAGE Salon Software and
Spa Software Management System allows you to view, edit, print, or delete
general ledger accounts in this screen. 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 Salon Software and
Spa Software reporting functions.
The General Ledger module is a double entry accounting
software system that follows
generally accepted accounting procedures, GAAP. The chart of accounts uses
account numbers and can be divided up into departments for reporting
purposes. Because the accounting
software modules are integrated with the
general ledger, book keeping is much easier.
The Payroll and Accounts
Payable program in ADVANTAGE Salon Software and
Spa Software Deluxe version
automatically posts General Ledger journal entries into your
accounting program. All pos data can be posted in summary to the
general ledger when ever you want to for a specific date range.
CASH Basis vs. ACCRUAL
Basis
This ADVANTAGE Salon Software and
Spa Software
accounting software system can report on both cash and accrual basis
for its accounting reports. Essentially, you can run either type of report
at anytime. The tax regulations let businesses figure their taxable income
on a cash basis, rather than on the accrual basis. Cash basis accounting
can result in the postponing the payment of income tax, although it
ordinarily does not reduce the total amount of income tax over a period of
years. Cash basis means that you recognize revenue the time you receive
the revenue or the time when you pay the expense. Accrual basis means that
you recognize the expense when you actual receive the bill not when you pay
it or recognize the revenue when you bill for your services not when you get
paid for them.
Do not hesitate to automate
your business today with ADVANTAGE Salon
Software. Your key to success is good
business practice and customer relations, both possible with a great program
like ADVANTAGE Salon
Software and Spa
Software!
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