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Introduction
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Click on “Create ledger” at the top right. Add the ledger name and ledger number, link the related VAT (if applicable), choose for the ledger type (if applicable) and/or cost center (if applicable) and enable the needed toggles.
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Please see below for some more explanation:
Ledger name (required)
Please add a name for the ledger.Ledger number (required)
Please add the ledger number. We recommend to use the same ledger numbers as used in your bookkeeping system to ensure consistency and accuracy.Description (optional)
If wanted, you can add a description to the leder.VAT (optional)
The linked VAT rate will be used for calculating the applicable VAT amount for the resource linked to this ledger.Ledger type (optional)
A ledger can be indicated as balance sheet ledger or profit & loss ledger for cosmetic and internal purposes. There is no impact on the behavior of the system.Cost center (optional)
A cost center is optional to link, which can be done if there is a need to enrich the financial output from Maxxton system with a dimension used by the financial accounting system..Split ledger on financial transaction report
In case this toggle is enabled, you will receive separate lines that will also appear in the Financial Transaction Report. With not enabling this toggle, you will receive aggregated journal entries, which means you’ll not get 10 lines of € 100, but one line of € 1000 in the journal entries.
Please note: this toggle only works for the Financial Transaction Report and not for any other financial reports like Journal Report, Revenue Distribution or Owner Financial Transaction report.Holding report ledger
In case this toggle is enabled, then the (revenue/contra revenue) resource for which the ledger is applicable will be marked on the ‘Holding report’ available in the Newyse Print Report modulerate of the add-on will be added to the turnover value.
When it comes to internet payments, such as those made through Mastercard, it is only necessary to input the name and ledger number. Unlike other types of payments, VAT is not required for these transactions. However, it is possible to include a description if desired.
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