Shop Management Software Repair and Estimating (Desktop) OnDemand5.com PerformanceCenter Using Management Forum
Learning Tools Product Orientation Webinars
PerformanceCenter PerformanceReports Login
CRM eCRM ServiceIntelligence
Contact Mitchell 1

Help Contents
Expand All | Contract All

Income/Cash Accounts                  

Income accounts are the general ledger (GL) accounts into which you group your revenues for accounting purposes. Cash accounts are the form of payment from a     customer.When you select Income/Cash Accounts, the Income/Cash Accounts dialog box opens with Income Accounts displayed. You are able to edit and create Income Accounts.

Add Income/Cash Account Description

To access Income/Cash Accounts, you must select Standard Tables from the Setup menu, and then select Income/Cash Accounts from the Standard Tables dialog box.

To add an Income Account Description:

1. In the Income/Cash Accounts dialog box with Income Accounts selected, choose Add. The Account Class Information dialog box displays.

2. Type in a new Income Account Description and General Ledger (GL) Code.

3. Add Account Descriptions and GL Codes, as determined by your shops accounting needs, for:

  • Cost of Sale
  • Expense/Asset/Liabilities
  • Cost of Commissions
  • Commissions Earned

Note: Contact your accountant if you need assistance in determining the proper values for these fields.

4. Select OK.

You are returned to the Income/Cash Accounts dialog box with your new Income Account added to the list

Add Cash Account Description

To access Income/Cash Accounts, you must select Standard Tables from the Setup menu, and then select Income/Cash Accounts from the Standard Tables dialog box.

Note:

In Manager terminology, Cash refers to any payment by cash, credit card, check, etc.-in other words, any payment to an order balance other than a charge to a customer's in-house credit account. 

To Add a Cash Account Description:

1. In the Account Descriptions dialog box with Cash Accounts selected, choose Add. The Account Class Information dialog box displays.

2. Choose whether the account is a Cash, Check, or Credit Card account.

3. Type in an Account Description.

4. Type in a GL Code.

5. Choose OK.

 You are returned to the Accounts Descriptions dialog box with your new Cash Account added to the list.

Edit Income/Cash Account

To access Income/Cash Accounts, you must select Standard Tables from the Setup menu, and then select Income/Cash Accounts from the Standard Tables dialog box.

To Edit an Income/Cash Account

1. In the Income/Cash Accounts dialog box, highlight the line of the account you wish to edit.

2. Choose Edit. The Account Class Information dialog box appears with the current information displayed in the data fields.

3. Enter, or overtype, new information as desired.

4. Choose OK to save your new account information.

Delete Income/Cash Account

To access Income/Cash Accounts, you must select Standard Tables from the Setup menu, and then select Income/Cash Accounts from the Standard Tables dialog box.

To Delete an Income/Cash Account

    1. Highlight the line of the account you wish to delete.

    2. Choose Delete. A dialog box directs you to confirm your deletion. 

    3. Choose Yes to delete.