Do I need to Process an End-of-Year in SIMS?
SIMS does not require an end-of-year procedure to be run. However, SIMS controls users to only allow posting of transactions, such as sales invoices, cash sales, adjustments and purchases, within a range of dates referred to as the Posting Period. ...
How do I create a new Control Account in SFM ?(eg Bank Account, Cash Account, Stock Control ect. )
First thing to do is to create the Bank Account in your Chart of Accounts as seen below. Please make sure you use the code depending on your Heading and Sub-Heading digits. After creating the bank account, you need to specify the account as a Bank ...
What's the difference between a Stock Take and an Ad Hoc Stock Take?
The Stock Take option carries out a full stock take. Any items not accounted for during the stock take will have their quantity reset to 0. The AdHoc Stock Take option is for partial stock takes, allowing you to select which items you would like to ...
How do you write off accounts that show small balances?
The only way to write off accounts with small balances is to post and make an adjustment of the difference on the Client/Supplier and allocate them accordingly. The recommended account to use for these adjustments is the Write-Off account.
How do I create a New Company in SFM?
1 Creating a New Company in SFM To create a new company within your current installation of SFM, from the Current Year menu select the Utilities sub-menu. From the Utilities sub-menu select Company Maintenance and press the Insert key on your ...