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Accounting & Banking

Guides for the chart of accounts, journal entries, bank accounts, cheques, ledgers and financial reports.

1. Receive a customer paymentRecord money a customer pays you later, so their balance goes down.
2. Chart of AccountsSee the list of accounts NEXTOREx keeps for your business and add your own.
3. Vouchers and journal entriesPost payments, receipts, transfers and manual journal entries, and reverse a voucher if you made a mistake.
4. Bank and cash accountsAdd the bank accounts and cash drawers you use, with their opening balances.
5. Post a journal voucherStep by step: post a manual journal entry with balanced debits and credits, then check it.
6. Deposits, withdrawals and transfersRecord money going into or out of a bank or cash account, and move money between your accounts.
7. Move money between your own accounts (Contra voucher)Move cash into the bank, or bank money into the cash drawer, with a Contra voucher.
8. ChequesRecord a cheque you received or issued, then mark it cleared or bounced.
9. Reverse a voucherCorrect a posted voucher by reversing it. NEXTOREx posts an opposite entry and keeps the original.
10. Customer and supplier ledgersSee what each customer owes you and what you owe each supplier, with a statement of every transaction.
11. Ledger reportsRead the General Ledger and the ledger of a single account to see every posting and the running balance.
12. How opening stock is recorded in your accountsWhat your accounts show when you enter opening stock: Inventory goes up and Opening Balance Equity goes up, and your profit is not affected.
13. Profit and Loss reportSee your income, costs and profit for any period.
14. Balance SheetSee what you own, what you owe and your equity on any date.
15. Aging reportSee which customers owe you money and which suppliers you owe, grouped by how overdue the amounts are.