How can I add a ledger in accounting?
With Wakandi you can easily configure new ledgers according to your use.
1. Log in to the Wakandi Admin Panel.
2. From the side menu select Ledgers..
3. ..Click on General ledgers from the dropdown list.
4. From her you should be able to view the accouting side of Wakandi system. Click on Accounts from the top menu bar..
5. .. Select Accounts from the dropdown menu. From here you should be able to see you charts of accounts with all the ledgers you use.
5. From here you should be able to view all you accounting ledgers ,Click Add Ledger to configure a new ledger.
6. Enter the name fo the ledger and select the parent group of the ledger being created.
7. The ledger code will auto-generate depending on the existing ledgers in that specific parent group.
8. Select the nature of the ledger if Debit or Credit from the button below opening balance.
9. Check on the checkbox on Bank or Cash account if it is bank or cash ledger.
10. Check on the checkbox on Reconciliation if you would like the ledger to be reconciled from reports.
11. Add Notes about the ledger if any..
10 .Click Submit to Configure the ledger new ledger.
Done! now you can record entries into your new added ledger.