Struggling with Bookkeeping Basics: Where Can I Find Simple Ledger and Journal Formats?

I am not into bookkeeping. I don't know how to do things like putting something on the ledger book and journal book. I can't do it... I don't know how... please help. Where can I find formats of what I need to do or put on those accounting books?

Thanks in advance.

Gim

Subject: Bookkeeping

Hi there! It is really a big problem when you do bookkeeping without any background information on it at all. You see, for you to be able to do it correctly, you need to have an understanding of the accounting jargon, account titles, and their proper classification. Anyway, to give you a head start, see the attached document.

I hope this will help you. Good luck!

Regards,

I am not into bookkeeping. I don't know how to do things like putting something in the ledger book and journal book. I can't do it... I don't know how... please help. Where can I find formats of what I should do or put in those accounting books?

Thanks in advance,

Regards

Hi, it is really not a big issue if you start to learn Accounting Concepts. Take an Accounting Book and check in the first chapter what is Personal/Real and Nominal account; that is the base of Accounting.

Understanding Your Position

We need to know which position you are in and what activities you need to perform. If you need to do Vendor Management for those supplying Goods or Services to your company and sending you Invoices, they come under Accounts Payable. Mostly, you need to use Nominal Accounts, e.g., all Expenses and Losses are debited and all Incomes and Gains are credited. Personal Accounts: Debit what comes in and Credit what goes out. Real Accounts: Debit the Receiver and Credit the Giver. According to this, you need to pass entries in Tally or any Accounting software.

Customer Management and Accounts Receivable

If you are in Customer Management, then it comes under Accounts Receivable. Whatever product or service you are selling for revenue purposes falls under this category. For passing entries, you may follow the above rules. Some month-end closing reports like Aging, Cash flow, etc., need to be prepared at month-end. Once you complete month-end, the Ledger will be closed, but before that, you need to check whether entries were correct. If not, you need to pass or rectify those entries.

Apart from this, BRS (Bank Reconciliation Statement): if you are a user of SAP, then there you need to follow all accounting procedures through Transaction Codes like Invoice Process F-44 for Cash Application (AR), FEBA, Auto match/Non-Automatch, GL Clearing, etc. Hope these above things will be useful for you; otherwise, visit pahechan.in and join our professional forum.

Thank You.

Regards,
Prasant.

I am basically a technical student, but I am working in the accounts field, so somehow, I have become an expert in handling accounts in my organization. Currently, I am preparing for departmental exams where I will have a paper on Advanced Accountancy. I feel that there might be some tricks or logical approaches to studying and remembering the accounting rules effectively. Could you please guide me on how to tackle this subject? I have the syllabus up to final accounts.

Thank you.