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. ...