accpac simply accounting 9.0 Benutzerhandbuch

Part 6:  Appendixes 

28–2    Simply Accounting 

 

SW9UG 28-29.doc, printed on 1/8/02, at 4:28 PM. Last saved on 1/6/02 11:52 AM. 

Some procedures in Simply Accounting change when you use 
cash-basis accounting, as indicated in the following table: 

Credit or Customer 
Return 

The linked Bank account replaces Accounts 
Receivable. 

For inventory, Simply Accounting debits 
the asset and revenue accounts and credits 
the Bank and expense accounts. For 
services, it debits the revenue account and 
credits the bank account. 

For more information 
on linked accounts, 
see “Set Up Linked 
Accounts” in 
Chapter 2.  

Sales Discount 

The linked Bank account replaces Accounts 
Receivable for unpaid transactions. 

The discounted-sale entry debits the 
Discount Expense account by the amount of 
the discount, and reduces the amount 
debited to the bank account by the same 
amount. 

For more information 
on linked accounts, 
see “Set Up Linked 
Accounts” in 
Chapter 2. 

Bad Debts 

The entry debits the Bad Debts expense 
account and credits the bank account. 

For information on 
writing off bad debts, 
see “Writing Off Bad 
Debts” in Chapter 13. 

NSF Cheques 

The linked Bank accounts replaces 
Accounts Receivable. 

The entry to record an NSF cheque reverses 
the debits and credits of the original entry. 

For more information 
on linked accounts, 
see “Set Up Linked 
Accounts” in 
Chapter 2.  

 

When you record an unpaid purchase or sale in cash-basis 
accounting, Simply Accounting: 

■ 

Updates year-to-date purchases and balances owing for the 
vendor or customer. 

■ 

Updates the quantity on hand and total value for the 
inventory item.