Manager Updates - BC Bookkeeping Tutorials|dwmbeancounter.com

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Manager Updates

Manager Getting Started
Manager Updates
Manager is being continuously updated to keep getting better than ever.

Notable Updates

Setting Up Starting Balances-Journal Entries
Manager has updated the accounts that can be used with journal entries and improved the method for entering most starting balances. The new approach is to simply create transactions using journal entries to establish starting balances for most of your accounts. This new approach to Starting Balances has opened Journal Entries to all GL accounts including Bank & Cash Accounts and Accumulated Depreciation accounts. If you make sure your starting balance journal entry is dated before the date range of the report, then the amount will show as a starting balance.

Inventory
Manager added the Periodic Inventory Method and uses this as the recommended and default method. The perpetual method is now considered Obsolete and may be discontinued in the future.

Periodic Method
Purchase are now initially charged to the Inventory Cost Of Sales Account and Inventory Revaluations are used to update your inventory value that appears in your Balance Sheet.

The Inventory System added Additional Inventory Fields and Controls for those needing to better manage their inventory.

Sales Invoice Form added a check box for Goods Delivered.

Purchase Invoice Form added a check box for Goods Received.

New Instructions


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