| ADVANTAGE
Salon
Software and Spa
Software Management System allows you to view,
edit, print, or delete general ledger accounts in
this screen. General
Ledger Accounts can be up to 10 characters long
and you can setup up to 9999 departments.
Department Income statements can also be generated
using the ADVANTAGE Salon
Software and Spa
Software reporting
functions.
The
General Ledger module is a double entry accounting
software system that follows generally
accepted accounting procedures, GAAP.
The chart of accounts uses account numbers and can
be divided up into departments for reporting
purposes. Because the accounting
software modules are integrated with the
general ledger, book keeping is much easier.
Advantage
Salon Software Can Be Used As
The
Payroll and Accounts Payable program in ADVANTAGE Salon
Software and Spa
Software Deluxe version automatically posts
General Ledger journal entries into your
accounting program. All pos data can be
posted in summary to the general ledger when ever
you want to for a specific date range.
This
ADVANTAGE Salon
Software and Spa
Software accounting
software system can report on both cash and
accrual basis for its accounting reports.
Essentially, you can run either type of report at
anytime. The tax regulations let businesses
figure their taxable income on a cash basis,
rather than on the accrual basis. Cash basis
accounting can result in the postponing the
payment of income tax, although it ordinarily does
not reduce the total amount of income tax over a
period of years. Cash basis means that
you recognize revenue the time you receive the
revenue or the time when you pay the expense.
Accrual basis means that you recognize the expense
when you actual receive the bill not when you pay
it or recognize the revenue when you bill for your
services not when you get paid for them. |
