Table of Contents Quasar Commands Up: Ledger Previous: Chart of Accounts Next: Journal Entry

Account Master



Name

The name of the account.

Type

Select the type of account. This data is required by Quasar to refine selections and to assist in the printing of financial statements.


Header

Toggle on or off. Toggle on is the account is a header type account. A header account is a parent of active accounts within a group. The sample below is an excerpt from the account list and shows an example of two parent accounts where "Repairs and Maintenance" and "Staff Expenses" are parent accounts for the active accounts grouped below them.




Number

The account number. This is an optional attribute.

Parent

The parent or header account for an active account. Accounts are may be attached to a parent or header account as a method of grouping accounts for financial reporting.

Groups

Quasar provides the ability to link profit and loss type accounts to one or more groups for the purpose of printing profit and loss statements. Using Quasar you can:




Group Name

If required you can link an account to one or more groups. When a profit and loss statement is printed by "Group" only the accounts within the group will be displayed. For example, a company with two storess has a service department and a sales department in each store. While Quasar automatically provides the ability to produce financial statements by store, the management may also wish to view the overall profit and loss for either service or sales. To do so they can link the service department accounts to a group called "Service" and they can link the sales department accounts to a group called "Sales".

Last Reconciled

Quasar Accounting displays the date that the account was last reconciled.

Next Cheque#

The next cheque number that will be defaulted by Quasar for this account.

Inactive

Toggle on or off. Toggle on to set the account to be inactive. Quasar Accounting will not all an account with a balance to be set to inactive. Toggle on to re-activate an account.


Table of Contents Quasar Commands Up: Ledger Previous: Chart of Accounts Next: Journal Entry