Set up an account, do accounting transfer (Set up)
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Smartbooks will provide a ready-made List of key accounts as stipulated in issued by Ministry of Finance dated 22 December, 2014.
Smartbooks allows the user to set up more subsidiary accounts of level 2, level 3… (Maximum up to level 5) based on the List of key accounts.
Press New button to create a new account:
At the Account No: input the level code of account (*)
Account name (VN): Type in the description of an account in Vietnamese.
Account name (EN): Type in the description of an account in English.
Account name (KR): Type in the description of an account in Korean.
Account Type: Select Type of account by its characteristics.
Asset
Liability
Income
Expense
Class ID: Select the key Group of accounts (3 initials) (Press F3 to see the list Account Class Items)
Status: set up the status of an account:
Active (default)
Inactive
Click Save button to save the account newly set.
Click New button to create a new account.
Note: The ‘Chart of accounts’ set up will directly impact on the general ledger, journals and financial statements, therefore the user must comprehensively study any impacts before deleting an account. If it did, any accounting tasks related to the account in deletion would result into an inaccuracy of statements.
Select an account in list or type Account No
Account No: Do not change
Account name (VN): Type in the description of an account in Vietnamese.
Account name (EN): Type in the description of an account in English.
Account name (KR): Type in the description of an account in Korean.
Account Type: Select Type of account by its characteristics.
Asset
Liability
Income
Expense
Class ID: Select the key Group of accounts (3 initials) (Press F3 to see the list Account Class Items)
Status: set up the status of an account:
Active (default)
Inactive
Enter Save to save the account newly set.
In the lists of set up allows a delete action to any account be set:
Select the account in need of a deletion.
Enter Delete.
Note: The ‘Chart of accounts’ set up will directly impact on the general ledger, journals and financial statements, therefore the user must comprehensively study any impacts before deleting an account. If it did, any accounting tasks related to the account in deletion would result into an inaccuracy of statements.
Select the account in need of a deletion or type Account No
Click Delete button.
Note: The ‘Chart of accounts’ set up will directly impact on the general ledger, journals and financial statements, therefore the user must comprehensively study any impacts before deleting an account. If it did, any accounting tasks related to the account in deletion would result into an inaccuracy of statements.
The user can set up any extra group of accounts at level 1 and level 2 upon the approval from Ministry of Finance.
Click New button to create group of accounts:
Class ID: Type in code of account level 1 in need of creation.
Description (VN): Description in Vietnamese.
Description (EN): Description in English.
Description (KR): Description in Korean.
Click Save button to save an account newly set.
Click New button to create a new account.
Select a Account Class from the list or type a Class ID (Ex: Type 111 and press Tab key)
Class ID: Type in code of account level 1 in need of creation.
Description (VN): Description in Vietnamese.
Description (EN): Description in English.
Description (KR): Description in Korean.
Click Save button to save an account.
Select a Account Class from the list or type a Class ID (Ex: Type 111 and press Tab key)
Click Delete button to delete the account class
Note: The ‘Account Class’ set up will directly impact on the Accounts, also impact on general ledger, journals and financial statements, therefore the user must comprehensively study any impacts before deleting an account. If it did, any accounting tasks related to the account in deletion would result into an inaccuracy of statements.
The user can omit the unnecessary items on reconciliation (BS) by highlight the cell in need of action.
Select the Account Class in List
Code: Account Class ID
Description (VN): Description in Vietnamese.
Description (EN): Description in English.
Description (KR): Description in Korean.
Check on Total if it is a overall code
Check on SF0 if it is in-active
Click Next step
Balance Type: either of 2 types, D or C
D: Balance of Debit
C: Balance of Credit
Account: enter F3 to select an account
Amt Type: reflect the balanced figures on the BS is a negative (-) or a positive (+)
Code: Code of Account Class - Group of Account
Beginning, EndAmt: balance of beginning, ending of the last BS work (enable user to examine the data)
Click Save to update a record
Click New to Indicate balance of an account in reference to the code itemized on the BS
Click Next step to set up Subsidiary BS codes on the higher level of BS code.
Code: Code of Account Class (Group of Accounts), press F3 to show the list
BSCode2: Higher level of Code of Account Class (Group of Accounts), press F3 to show the list
Amt Type: reflect the balanced figures on the BS is a negative (-) or a positive (+)
IsMinor: is a minus amount (-)
Beginning, EndAmt: balance of beginning, ending of the last BS work (enable user to examine the data)
Click Save to update a record
Click New to Set up new Subsidiary BS codes on the higher level of BS code
Click Next Step to Set up major BS codes on the highest level of all key BS codes (these Codes will not have account balance)
BSCode2: Code of Account Class (Group of Accounts), press F3 to show the list
BSCode1: Highest level of Code of Account Class (Group of Accounts), press F3 to show the list
Amt Type: reflect the balanced figures on the BS is a negative (-) or a positive (+)
EndTotal: Check this if it's the total of the end
BEGINNING, EndAmt: balance of beginning, ending of the last BS work (enable user to examine the data)
This function helps the user to set up the mode of automatic closing at the end of a period.
Guidance on set up:
Account: Type in Sourcing account (Press F3 to select an account or type in directly)
To Account: Destination Account for closing (Press F3 to select an account or type in directly)
Amount Type: balance mode of sourcing account
C: Crediting at sourcing account
D: Debiting at sourcing account
Description (VN): Description of the entry in Vietnamese
Description (EN): Description of the entry in English
Description (KR): Description of the entry in Korean
Step Code: The Steps of processing (for example from account ref. 5, 6, 7, 8 into 911 is done at Step1 and from 911 balanced into 4212 will be done at Step 2)
Click Save to update any changes
Click New to declare new entry to display onto the balance of account
Smartbooks provides a ready-made chart of group of accounts at level 1 and level 2 as stipulated in dated 22 December, 2014.
Smartbooks sets up ready all items which reflect on the reconciliation (BS) as stated in dated 22 December, 2014.
