Field

Value

Debit/Credit

Select whether the journal entry is a credit or a debit.

Account

Enter the expense account to post the charges to, or press Enter to select an account.

T1 Account, T2 Account

If T accounts are enabled in your system, enter the T1 and T2 accounts associated with the journal entry. These override the default T1 and T2 accounts set in your company configuration (refer to "Configuring T Accounts").

T3, T4, T5

If T accounts are enabled in your system, enter the required T accounts.

Description

Enter a description of the journal entry, e.g. "Direct debit for leases".

Reference

Enter any reference for this journal entry. For example, you could enter the bank statement number or the date.

Posting Amount

Enter the amount of the journal entry.

BAS Flag

Micronet displays the BAS flag entered against the selected expense account. However, you can change this if required to process the transaction with an alternative BAS section, e.g. to G14- No GST.

GST Posting

Select whether GST is applicable to the journal amount. Options are:

• No - the journal amount does not include GST
• GST Input Credit - select this option to have 1/11 GST calculated on the total Posting Amount
• GST Collected - select this option if the receipt amount includes GST.

The other side of this journal entry is automatically posted to the Bank account being reconciled.