Just wanted to check – I am using your software to do the accounts for a local community group and most of our income is donations – how do I enter this on your system?

Vote Up
0
Vote Down

Just wanted to check – I am using your software to do the accounts for a local community group and most of our income is donations – how do I enter this on your system?

1 answer

Vote Up
0
Vote Down
Peter Connor ⋅ Staff September 7, 2016
Public

I’m not to sure Susy. We can’t provide accounting advise as we’re not accountants. Sorry about that. Income can be handled in all kinds of ways.

#answer-4002
  1. Peter Connor September 7, 2016
    How to get it into Bullet, simply use the invoices (marked as paid).
    You can do this daily, per event, monthly etc. Just a paid invoice. Nice and simple.
  2. susyg September 7, 2016
    That's great - also I input an opening balance for the bank account and yet when I go into reports and select balance sheet it does not inclyde the opening bal (the bank transactions are reflected in the balance) Can you advise why this is the case?
  3. Peter Connor September 7, 2016
    I'll have a look now.
  4. Peter Connor September 7, 2016
    I'll have to put this to Accounts tomorrow - I'll get you an answer then.
  5. susyg September 7, 2016
    That is great - thanks for all your help today - talk tomorrow s
  6. Peter Connor September 7, 2016
    Sure no problem - hope Bullet helps. Were not sure why every community group isn't use it. It's free and needs no training to product a full set of management accounts.
  7. susyg September 7, 2016
    talk soon then s
  8. Peter Connor September 7, 2016
    Hi Susy,

    Just to let you know I'm chasing that call up with our team today.

    Pete
  9. Peter Connor September 7, 2016
    Hi Susy - The opening balance figure for each bank account is only to help you match what you would expect against reconciliations. If you're looking to enter values that will be the "opening balance" figures on the balance sheet, you'd need to enter these as a manual journal entry. If you are transferring from existing accounting software, you could take a trial balance as at the particular date you are looking for transfer, and then input that information as a single manual journal entry in Bullet.

Please login or Register to Submit Answer