Initial configuration
Nitesoft is initially configured with these accounts:
Sales ledger/Account receivables (1511)
Deposit ledger/Prepaid housing (2890)
Invoices (1510)
Services: Housing (3010) 12% VAT
Services: No-show, Cancellation; (3023) 12% VAT
Products: Breakfast (3020) 12% VAT
Taxes: VAT 25% (2610)
Taxes: VAT 12% (2620)
Taxes: VAT 6% (2630)
Other revenue (Service and Product accounts) and Payment accounts will be added when you setup the system.
Read about how to add the Account plan here.
Adjustment accounts
If you want to use adjusment accounts it can for example be setup like this:
If housing account is (3010), Adjustment: Housing is (3011)
If housing account is (3020), Adjustment: Breakfast is (3021)
Adjustment account for all VAT types is: Adjustment: VAT (2991)
Example account plan:
Sales ledger/Open tabs (1511)
Deposit ledger/Prepaid housing (2890)
Invoices (1510)
Services: Housing (3010) 12% VAT
Services: No-show (3020) 12% VAT
Services: Cancellation (3020) 12% VAT
Products: Breakfast (3220) 12% VAT
Products: Drinks 12% (3320) 12%
Products: Drinks 25% (3340) 25%
Products: Food (3210) 12%
Products: Conference (3510) 25%
Taxes: VAT 25% (2610)
Taxes: VAT 12% (2620)
Taxes: VAT 6% (2630)
Payments: Bank 1930
Payments: Visa/Mastercard 1580
Payments: Amex 1581
Example account plan- with adjustment accounts:
Sales ledger/Open tabs (1511)
Deposit ledger/Prepaid housing (2890)
Invoices (1510)
Services: Housing (3010) 12% VAT
Adjustment: Housing (3011)
Services: No-show (3020) 12% VAT
Services: Cancellation (3020) 12% VAT
Products: Breakfast (3220) 12% VAT
Adjustment: Breakfast (3221)
Products: Drinks 12% (3320) 12%
Adjustment: Products: Drinks 12% (3321)
Products: Drinks 25% (3340) 25%
Adjustment: Products: Drinks 25% (3341)
Products: Food (3210) 12%
Adjustment: Products: Food (3211)
Products: Conference (3510) 25%
Adjustment: Products: Conference (3511)
Taxes: VAT 25% (2610)
Taxes: VAT 12% (2620)
Taxes: VAT 6% (2630)
Adjustment: VAT (2991)
Payments: Bank 1930
Payments: Visa/Mastercard 1580
Payments: Amex 1581
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