Accounting questions..

Hi,

wat account would u open to record 2 houses rent received?? if the money received will directly banked in....

im recording wif UBS Accounting Software...

so just wondering wat batches, accounts, will u open???

another question

ive added 2 debtors in debtors file maintenance but in the General Ledger Acc Maintenance there is only one debtor...
im confused...
pls help me....

pls note that this is not homework..... this is just some real life work i need to do... so dun worry im not cheating on homework... :beaten:

Michi wrote:another question
ive added 2 debtors in debtors file maintenance but in the General Ledger Acc Maintenance there is only one debtor...
im confused...
pls help me....

Michi, I work in a bank/credit union. I'm not in the accounting department, but I have some knowledge of General Ledger. So hopefully I can help. I'm not quite sure on how the real deal accounting thing works (because banks general ledger credits and debits are opposite of what accounting general ledgers would be).

I didn't major in accounting...if I did, I'd be working in the accounting department doing payroll and other high tech stuff. But anyway, I hope I can help.

Ok, for your second post question about GLs, I'll tell you what I know from my 3 years of banking experience. (Take it as an idea and not as the real thing 'cause I'm not sure if bank GLs will suffice as accounting GLs)

As for your adding 2 debtors in your file maintenance GL, as far as that goes, it's just numbers to me.
In your GL Account Maintenance, there is only one debtor because that GL is the "house" of where you will put the numbers into.
As far as your first two debtors, they are only statistics and whatever numbers they provide will go into the GL Account Maintenance "house" that has already been set up by your company.
See, in accounting, there is a different "house" (GL) for every expense. (You probably already know that) And every consumer or whatever, is just a number/statistic in what you want to/what you're going to put into or take out of that "house". (ie: if you give a refund to a consumer, that will be a debit to whatever appropriate "house" that it belongs to and if a consumer purchases something, then it will be a credit to that same particular "house") So probably, what you're going through right now is just that you set up two people and they became debtors and since you only have one "house" in which matches up to the whole thing, you're probably wondering why the numbers don't match up. (ie: 2 debtors and only 1 "house"/GL)
I probably didn't make any sense to you since banking GLs and accounting GLs are on a different level, but I hope I could've helped a little bit.

Michi wrote:Hi,
wat account would u open to record 2 houses rent received?? if the money received will directly banked in....
im recording wif UBS Accounting Software...
so just wondering wat batches, accounts, will u open???

Sorry, I can't help you with the software part on this one......

thank Aho.
i see ur point...

but the debtor in GL Account Maintenance is the name of one debtor and not the combined of both debtors....

wat i mean is.... in Debtor File Maintenance i 've record 2 debtors. (say, A and B)

but in GL acc maintenance, there is only A account :rolleyes:

hhahhahaha
got what u mean....
u are rite!!!!

i forgot to insert the Debtor Control in GL File Maintenance..
yea yea

that is why they use A as the debtor's Master/ Control acc in GL file maintenance... :mrgreen:

Michi wrote:hhahhahaha
got what u mean....
u are rite!!!!

i forgot to insert the Debtor Control in GL File Maintenance..
yea yea

that is why they use A as the debtor's Master/ Control acc in GL file maintenance... :mrgreen:

I'm glad that you understand and could now get your job done!!! :applaud: :D

Hey, maybe my banking experience payed off! :beaten:

yup
Thanks Aho. :say_thanx:

btw, i never knew u're in banking sector ^^
thats so cool ^^
:say_cool:

Michi wrote:yup
Thanks Aho. :say_thanx:

btw, i never knew u're in banking sector ^^
thats so cool ^^
:say_cool:

No problem.

My profile states that I'm in finance.
But so is amrayu. And Kou was too. :)

If you ever need to know anything about money, or GLs or whatever, you can PM me or whenever! ;) :D

thanks^^

who's Kou??
Kou Shibasaki?????
really?

Michi wrote:thanks^^

who's Kou??
Kou Shibasaki?????
really?

Sorry, I meant Kouseiya315. :D

She might not look it, but she's smart as hell! :beaten: :beaten: :beaten: :hehe: :hehe: :hehe:


J/K Kou! *LOL Hon*

oohh
lol

:D
so prolly Kou or Amrayu or Kooko5 can answer my first question :D

Michi wrote:oohh
lol

:D
so prolly Kou or Amrayu or Kooko5 can answer my first question :D

I would probably think so! 'Cause they're smarter than I am. ;) :hehe: :beaten:

hehehe aho to the rescue with the house issues :hehe: :hehe:

You still gotta find me a good place to live in Hawaii when I retire :D

eltinator wrote:hehehe aho to the rescue with the house issues :hehe: :hehe:

You still gotta find me a good place to live in Hawaii when I retire :D

Heh, I just call the GLs "houses". 'Cause basically they're a house for the numbers to go into. :D

And yeah, if I'm still doing that banking and finance thing in the next 50 years or so, yeah, I'll help you get a mortgage for your retirement home! Just keep your credit clean and not use it foolishly on Aya stuff! :P :hehe:

ahochaude wrote:


Heh, I just call the GLs "houses". 'Cause basically they're a house for the numbers to go into. :D

And yeah, if I'm still doing that banking and finance thing in the next 50 years or so, yeah, I'll help you get a mortgage for your retirement home! Just keep your credit clean and not use it foolishly on Aya stuff! :P :hehe:

hahahaha, I think Aya may have a better credit than me :hehe: :hehe:

eltinator wrote:hahahaha, I think Aya may have a better credit than me :hehe: :hehe:

Oh man, I hope you're not racking up your credit cards. :sweat:

I have a platinum visa card..I never used it once! I just use my check card cuz it directly comes out of my checking account..to lazy to make those credit card payments, so I don't use it.

IkematsuSosuke wrote:I have a platinum visa card..I never used it once! I just use my check card cuz it directly comes out of my checking account..to lazy to make those credit card payments, so I don't use it.

Good. Use your credit wisely. It's not worth it to mess it up. I've seen people my age who have scores of 400-500 or so. Sheesh. :shakehead:

What accounting software/system, u use at ur place?