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Results for “double-entry” — 13 results

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FAQ: Journal Report

Answers to common questions about understanding and using the Journal report.

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Debits and credits in plain language

Learn how debits and credits work without the jargon—and why they matter for your reports.

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Reading and interpreting the Journal report

Understand how journal entries work and how to verify that your transactions are recorded correctly.

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Creating manual journal entries

Manually record a debit-credit pair to the ledger when documents don't post automatically.

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How purchase refunds post to the ledger and stock

Learn how a vendor refund affects your general ledger accounts and inventory balance.

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How documents post automatically: invoice, bill, payment, transfer

When you save an invoice, bill, or payment, Usystems automatically creates ledger entries so you don't have to.

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How sales create inventory exits automatically

Understand how invoices and sales receipts automatically reduce warehouse stock.

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FAQ: Accounting Impact

Common questions about how invoices affect your accounting records and financial statements.

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Documents vs journal entries: how the ledger stays correct

Learn why Usystems keeps a two-layer transaction record—documents and journal—and how they work together.

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Chart of accounts: structure and account types

Understand how accounts are organized and what each type represents.

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Correcting opening balances after setup

Fix incorrect opening account balances to ensure your ledger starts with accurate numbers.

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Step 5 — Opening balances and trial balance validation

Enter historical account balances as of your go-live date and verify they balance.

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Refunding a sales receipt (partial refund)

Return money and goods for part of a sales receipt.