Notching the tally stick
Back to the problem in hand. Recall that you have been making vouchers for all your spending and receipts, and dropping them into a shoebox. At regular intervals, say, once a week, you have to confront the paperwork. Start by dealing with the cheque vouchers. Open up your computer accounting system, click on the button that offers the opportunity to post cheques, and key in the date of the transaction, first cheque number, payee and amount. So far so good. Now you have to identify on what you spent the money. If the payment was, for example, office stationery you would select that account, probably click to enter the details, and click OK.
|Credit bank account:|
|Account||Bank account #1||Date||12-Jan ...|