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Knowledgebase : Configuring Storman > Accounting
Storman recognises Debtors on an accruals basis. When rent is billed to a customers account, both the Debtor and the Income is recognised in the month when the charge is made. The corresponding journal entry would therefore be; _DR     DEBTORS               ...
Storman only supports accrual method of accounting.  It does not support cash accounting method. This article refers to accounting terminology and requires setup in both Storman & your accounting software. You may wish to have your accountant on hand during ...
* Which accounting package would you recommend for use with Storman? * How does Storman deal with credit card receipts given that each Customer receipt is recorded individually but deposited into the bank account as a group deposit daily? * How does Stor...
Storman supports the exporting of transactions to an XML file for importing into the HERMES 2 system. To do so, select Accounting, then Transaction Export. Select the transactions you wish to export and select Export.
IMPORTANT: PLEASE NOTE THAT STORMAN DOES NOT SUPPORT THE CASH ACCOUNTING METHOD; ONLY ACCRUALS. This article refers to accounting terminology and requires setup in both Storman and Xero. You may wish to have your accountant on hand during the setup process. ...