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PERMANENT POST
This selection is typically used once a month, after you have entered all the data for the month and reconciled your checkbook. It is not required but once you have verified that all you data is correct for a month, you should post it to the General Ledger to make sure it doesn’t change. This function will select all Payroll, A/P, A/R, Cash, General Journal, Inventory and Equipment transactions that have not been posted before and that are dated up to the posting date you have entered. It will then create records in the Journal file for each debit and credit. These debits and credits are then summarized by account and posted to the General Ledger File. The original transactions are then marked posted and cannot be changed. A Detailed Trial Balance, Income Statement and Balance Sheet will automatically print after posting. These reports can be reprinted also. |