Difference between pages "Roadmap" and "General Journal"

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====BookkeepingPedia Wiki Roadmap====
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General Journal - All the financial transactions are recorded in chronological order where each transaction affects at least two accounts, and they must balance
  
 +
'''Note:''' each entry must only contain one single transaction (source document)
  
This road map is like a to do list, its updated as items are completed and may be rearranged as we move forward
+
====Examples: Not Registered for GST====
----
+
  
'''Primary focus - <span style="color: red"> Accounting Process'''<br>
+
1. Shopping trip to The Office Depot - Purchased a stapler (cash/eftpos)
'''Secondary focus -<span style="color: red"> Payroll'''
+
----
+
=====Main Page-primary focus=====
+
  
[[Accounting Process]]
+
{| class="wikitable" style="width: 50%;"
=====Sub Pages=====
+
!colspan="4"|General Journal Example (Simple)
 +
|-
 +
|'''Date'''
 +
|'''Account'''
 +
|'''Debit'''
 +
|'''Credit'''
 +
|-
 +
|June 30
 +
|Stationery
 +
| style="text-align:right;" | 1,100
 +
|
 +
|-
 +
|
 +
| style="text-align:center;" | Cash At Bank
 +
|
 +
| style="text-align:right;" | 1,100
 +
|-
 +
|
 +
|For the purchase of a really nice stapler
 +
|
 +
|
 +
|}
 +
<br>
 +
2. Shopping trip to The Office Depot - Purchased a stapler and some water for the staff room (cash/eftpos)
 +
{| class="wikitable" style="width: 50%;"
 +
!colspan="4"|General Journal Example (Less Simple)
 +
|-
 +
|'''Date'''
 +
|'''Account'''
 +
|'''Debit'''
 +
|'''Credit'''
 +
|-
 +
|June 30
 +
|Stationery
 +
| style="text-align:right;" | 1,100
 +
|
 +
|-
 +
|
 +
|Staff Amenities
 +
| style="text-align:right;" | 200
 +
|
 +
|-
 +
|
 +
| style="text-align:center;" | Cash At Bank
 +
|
 +
| style="text-align:right;" | 1,300
 +
|-
 +
|
 +
|For the purchase of a really nice stapler and water
 +
|
 +
|
 +
|}
 +
<br>
 +
3. Shopping trip to <br>The Office Depot - Purchased a stapler and some sugar for the staff room (cash/eftpos)<br>The Techno Junkies - Purchased a new cable (on account)
 +
{| class="wikitable" style="width: 50%;"
 +
!colspan="4"|General Journal Example (Less Simple)
 +
|-
 +
|'''Date'''
 +
|'''Account'''
 +
|'''Debit'''
 +
|'''Credit'''
 +
|-
 +
|June 30
 +
|Stationery
 +
| style="text-align:right;" | 1,100
 +
|
 +
|-
 +
|
 +
|Staff Amenities
 +
| style="text-align:right;" | 200
 +
|
 +
|-
 +
|
 +
| style="text-align:center;" | Cash At Bank
 +
|
 +
| style="text-align:right;" | 1,300
 +
|-
 +
|
 +
|For the purchase of a really nice stapler and water
 +
|
 +
|
 +
|-
 +
|June 30
 +
|Computer Expense
 +
| style="text-align:right;" | 440
 +
|
 +
|-
 +
|
 +
|style="text-align:center;" | Accounts Payable
 +
|
 +
| style="text-align:right;" | 440
 +
|-
 +
|
 +
|New computer cable
 +
|
 +
|
 +
|}
 +
====Examples: Registered for GST==== ''' <span style="color: red"> In Progress'''
 +
1. Shopping trip to The Office Depot - Purchased a stapler (cash/eftpos)
  
[[General Journal]] ''' <span style="color: red"> In Progress'''<br>
+
{| class="wikitable" style="width: 50%;"
[[General Ledger]]<br>
+
!colspan="4"|General Journal Example (Simple)
[[Chart of Accounts]]
+
|-
 
+
|'''Date'''
=====Main Page-secondary focus=====  
+
|'''Account'''
[[Payroll]]<br>
+
|'''Debit'''
Superannuation<br>
+
|'''Credit'''
 
+
|-
=====Sub Pages=====
+
|June 30
Payroll Processing
+
|Stationery
 
+
| style="text-align:right;" | 1,100
Termination Processing
+
|
 
+
|-
Payroll Setup - employees
+
|
* Xero
+
| style="text-align:center;" | Cash At Bank
* MYOB
+
|
Payroll Setup - file
+
| style="text-align:right;" | 1,100
* Xero
+
|-
* MYOB
+
|
Time in Lieu
+
|For the purchase of a really nice stapler
 
+
|
Redundancy
+
|
 
+
|}
Death of Employee
+
<br>
 
+
2. Shopping trip to The Office Depot - Purchased a stapler and some water for the staff room (cash/eftpos)
Leave (annual, personal, long service)
+
{| class="wikitable" style="width: 50%;"
 
+
!colspan="4"|General Journal Example (Less Simple)
Allowances
+
|-
 
+
|'''Date'''
Reimbursements
+
|'''Account'''
 
+
|'''Debit'''
RDO's
+
|'''Credit'''
 
+
|-
Correcting Payroll Errors
+
|June 30
 
+
|Stationery
Single Touch Payroll
+
| style="text-align:right;" | 1,100
 
+
|
Salary Sacrifice
+
|-
 
+
|
Paying Extra Tax
+
|Staff Amenities
 
+
| style="text-align:right;" | 200
Novated Lease
+
|
 
+
|-
Employee Loans
+
|
 
+
|GST Payable
 
+
| style="text-align:right;" | 100
====Software Setups====
+
|
Chart of accounts
+
|-
 
+
|
Organisations
+
| style="text-align:center;" | Cash At Bank
 
+
|
Custom Templates
+
| style="text-align:right;" | 1,300
 +
|-
 +
|
 +
|For the purchase of a really nice stapler and water
 +
|
 +
|
 +
|}
 +
<br>
 +
3. Shopping trip to <br>The Office Depot - Purchased a stapler and some sugar for the staff room (cash/eftpos)<br>The Techno Junkies - Purchased a new cable (on account)
 +
{| class="wikitable" style="width: 50%;"
 +
!colspan="4"|General Journal Example (Less Simple)
 +
|-
 +
|'''Date'''
 +
|'''Account'''
 +
|'''Debit'''
 +
|'''Credit'''
 +
|-
 +
|June 30
 +
|Stationery
 +
| style="text-align:right;" | 1,100
 +
|
 +
|-
 +
|
 +
|Staff Amenities
 +
| style="text-align:right;" | 200
 +
|
 +
|-
 +
|
 +
| style="text-align:center;" | Cash At Bank
 +
|
 +
| style="text-align:right;" | 1,300
 +
|-
 +
|
 +
|For the purchase of a really nice stapler and water
 +
|
 +
|
 +
|-
 +
|June 30
 +
|Computer Expense
 +
| style="text-align:right;" | 440
 +
|
 +
|-
 +
|
 +
|style="text-align:center;" | Accounts Payable
 +
|
 +
| style="text-align:right;" | 440
 +
|-
 +
|
 +
|New computer cable
 +
|
 +
|
 +
|}

Revision as of 06:03, 15 November 2018

General Journal - All the financial transactions are recorded in chronological order where each transaction affects at least two accounts, and they must balance

Note: each entry must only contain one single transaction (source document)

Examples: Not Registered for GST

1. Shopping trip to The Office Depot - Purchased a stapler (cash/eftpos)

General Journal Example (Simple)
Date Account Debit Credit
June 30 Stationery 1,100
Cash At Bank 1,100
For the purchase of a really nice stapler


2. Shopping trip to The Office Depot - Purchased a stapler and some water for the staff room (cash/eftpos)

General Journal Example (Less Simple)
Date Account Debit Credit
June 30 Stationery 1,100
Staff Amenities 200
Cash At Bank 1,300
For the purchase of a really nice stapler and water


3. Shopping trip to
The Office Depot - Purchased a stapler and some sugar for the staff room (cash/eftpos)
The Techno Junkies - Purchased a new cable (on account)

General Journal Example (Less Simple)
Date Account Debit Credit
June 30 Stationery 1,100
Staff Amenities 200
Cash At Bank 1,300
For the purchase of a really nice stapler and water
June 30 Computer Expense 440
Accounts Payable 440
New computer cable

====Examples: Registered for GST==== In Progress 1. Shopping trip to The Office Depot - Purchased a stapler (cash/eftpos)

General Journal Example (Simple)
Date Account Debit Credit
June 30 Stationery 1,100
Cash At Bank 1,100
For the purchase of a really nice stapler


2. Shopping trip to The Office Depot - Purchased a stapler and some water for the staff room (cash/eftpos)

General Journal Example (Less Simple)
Date Account Debit Credit
June 30 Stationery 1,100
Staff Amenities 200
GST Payable 100
Cash At Bank 1,300
For the purchase of a really nice stapler and water


3. Shopping trip to
The Office Depot - Purchased a stapler and some sugar for the staff room (cash/eftpos)
The Techno Junkies - Purchased a new cable (on account)

General Journal Example (Less Simple)
Date Account Debit Credit
June 30 Stationery 1,100
Staff Amenities 200
Cash At Bank 1,300
For the purchase of a really nice stapler and water
June 30 Computer Expense 440
Accounts Payable 440
New computer cable