Configure transitory items

You can use a transitory item to distribute an entry amount over a range of periods easily and quickly.

In the settings, you specify the journal in which Profit places the journal entries and you select a preferred suspense account.

To specify the transitory item settings:

  1. Go to: Financial / Management / Administration settings.
  2. Go to the tab: Other entries.

  3. Select the general journal in which the transitory items must be placed.
  4. If required, select a suspense account (you can still change it during entry).
  5. Click on: OK.

Directly to

  1. Configure journals
  2. Add entry layouts
  3. Add contra accounts for cash and bank accounts
  4. Add bank account numbers
  5. Add journal counters
  6. Add a journal
  7. Specify the entry layout settings for financial entries
  8. Add an opening balance for entries
  9. Configure reconciliation
  10. Configure transitory items
  11. Block a period in a journal