Processing credit card statements can be a fiddly job, having to analyse each type of expense separately and then there's the VAT element that may need splitting. With e-conomic you can create a template using the Distribution tab, outline the codes you use on a regular basis along with the...
Balance your spending and sales goals
Do you need to follow up on your sales goals? Or are you tired of not knowing how much money you spend on miscellaneous items? The answer lies in your agreement - in the Budget function. The budget function is free of cost, and a simple tool which gives you...
How to change the superuser
When you take out an agreement, your log in information is linked to a "superuser"-access in the agreement. The superuser is allowed to do pretty much everything in the agreement - the superuser can create new users, pay for the agreement by credit card, and change the master information just...
Close your accounting year and create a new
Having started the new year off, both in real life and with your accounting - before you know it - it's time for you to close the previous accounting, year in your agreement. Almost as the last fireworks have been sent to the sky, we'll automatically let you know it's...
Need to create a remittance ?
Before you can create a remittance advice you need to check you have a few areas covered. Firstly that you have the remittance advice layout in your agreement. If you have you will see this listed within Sales > Design & Layout > Setup > You will then see it...
Employee expenses made easy
If you've got the job of processing employee expenses you may need to break them down and record against several codes, this can be a time consuming exercise especially if on top of the codes that you're charging the expenses to there are also different VAT codes to be applied....
How to process a VAT only supplier invoice
Occasionally you may receive a VAT only supplier invoice. In order for this to be recorded in your system and to be accounted for correctly within your VAT return you will need to process this slightly differently to a normal supplier invoice. Enter the amount and select a code along...
Journals & Departments tip
A good tip if you're processing a journal entry and you're using Departments is to isolate the department by using the Distribution tab when processing. For example if you need to transfer costs from the balance sheet stock account or a stock account within your Profit & Loss account to...
Do you need to account for CIS ?
If you deal with invoices from subcontractors they will be part of the Construction Industry Scheme, otherwise known as CIS. Once you have verified their details with HMRC they will tell you how to pay them and give you a verification reference number. Once this has been established you can...
Currency bank transfers made easy
If you transfer funds from one bank account to another account which is in a different currency you need to ensure the correct amounts appear, this is easily achieved in e-conomic using a simple journal. A lot of our customers have more than one bank account and more than one...
Easy administrator bookkeeping
As an administrator when you work with your clients agreements in e-conomic do you know that you can actually "pre"approve your own entries, so the daybook can simply be booked when you have finished entering the entries? Instead of having to approve the entries one by one, you can simply...
Draft invoices or booked invoices?
When you're in the process of creating an invoice it may well happen that you're interrupted to do other more urgent things. If that's your situation from time to time, rest assured that all your hard work is not lost, as the invoice - you have started on earlier -...