Frequently asked questions Financial
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If you work with Profit Projecten and Profit Financieel, you can post purchase invoices and cost entries from Profit Financieel as project entries against a project. Just like hours, materials and units, you can also charge the client for purchase invoices and other costs in case of automatic invoicing 'based on cost plus'. You can specify this when entering the purchase invoice or the costs and enter a surcharge percentage for calculating the amount to be charged. You can also transfer purchase invoices or revenues from Profit Financieel to Profit Projecten. An entry from Profit Financieel to a project is also known as a ‘project entry'. More information:
You can change a the name of a debtor en creditor using:
It can happen that the balance of the outstanding items does not match the balance of the Accounts Receivable (or Accounts Payable) summary account in the Trial balance or the Extended trial balance. The difference in balance can be explained as follows: The peildatum used by Profit in the list of outstanding items is based on the factuurdatum, while the Trial balance and the Extended trial balance are shown based on the boekingsdatum. The Ageing analysis is also compiled on the basis of the factuurdatum. To check the balance of the Debtors and Creditors summary account in the Trial balance or the Extended trial balance, you must use the Check list debtors (Profit) and Check list creditors (Profit) reports. The reference date of these reports is based on the boekingsdatum. The totals on these reports will match the balance of the summary account in the Trial balance or the Extended trial balance. More information: This message appears when you add a new VAT/ICP declaration if all the VAT codes present are not linked to a VAT section.
You link a VAT code to a VAT section as follows:
More information:
If you journalise from Order Management / Management / Journalise or Projects / Invoicing / Journalise and you see the following at the bottom of the window: ‘Task completed with errors', then you must retrieve this error information from the Queue:
The message means that a revenue account is not configured in one or more of the article groups or integration groups. The articles that you have included in the invoice are linked to an article group:
In the case of a cost type or a work type:
But if the revenue account is still entered in the properties of the relevant article group, then the error message may have to do with the VAT duty integration. For this, carefully read through the following link from our Help files. You can use this Help file to resolve the error message by configuring the revenue account for the relevant VAT duty. More information: This message appears when importing bank statements. Profit checks if the balance from the bank statement matches the balance from the bank journal/bank ledger account. In Profit, the balance of the bank can deviate because of the following situations:
You need to check the bank statement and your administration to determine why the bank balance differs. You then resolve the cause of the blocked bank statement, depending on the situation that is applicable. More information:
The message appears when you enter or change a journal entry. This is because of the following cause: One of the journal entries is not balanced. One of the entries is not balanced debit- / credit wise. You can check this by summing the debit / credit columns manually. With this, you find the line in the entries for which the balance is too little/too great meaning that the entry is unbalanced. Note: Profit checks primarily on journal entry number. All lines together within one journal entry number must balance in total.
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How do I enter costs and revenues from Profit Financial on a project
