<![CDATA[FrontAccounting forum — some accounts]]> 2010-06-29T09:19:19Z PunBB https://frontaccounting.com/punbb/viewtopic.php?id=1413 <![CDATA[Re: some accounts]]> Awesome, thanks a lot Joe. I could successfully (at least I hope so) finish setup.

btw. that link is awesome. It goes way beyond accounting - and it is for free yikes

]]> https://frontaccounting.com/punbb/profile.php?id=1283 2010-06-29T09:19:19Z https://frontaccounting.com/punbb/viewtopic.php?pid=6337#p6337 <![CDATA[Re: some accounts]]> Retained earnings is an accumulated account for year to year turn over.
When you close a fiscal year the profit and loss for the year is debited the Profit/Loss Year and credited the Retained Earnings. This is if it was a profit. The other way round if it was a loss.
The Sales Account is the account that is credited every time you invoice your customers.

If you are interested in Accounting, there are links to good instructions here:



/Joe

]]> https://frontaccounting.com/punbb/profile.php?id=3 2010-06-28T23:01:57Z https://frontaccounting.com/punbb/viewtopic.php?pid=6334#p6334 <![CDATA[some accounts]]> Hi,

I am in the "system and general GL setup" and I think it is rather a language thing:

I need to specify

- Retained Earnings. Q: there is a billion translation for retained earnings. what does it refer to? eg is it when you move profits from assets to claims in the balance?

- Profit/Loss Year. Q: Huh? Shouldnt that be calculated resp. consolidated within the equity?

- Sales Account: Sorry, I have no useful translation for this. What does this cover? Or whats the difference between it and receivables?

Thanks in advance.

Regards
Jo

]]> https://frontaccounting.com/punbb/profile.php?id=1283 2010-06-28T21:59:58Z https://frontaccounting.com/punbb/viewtopic.php?pid=6333#p6333