Who is this guide for?
Accounts Users and Accounts Supervisors
You would like to know what bank, journal or other account will be affected when you make a particular type of financial posting in the Banks & Journals area.
This document describes the effect of each financial posting type in the Banks & Journals area. Positive figures are suffixed with a ‘+’ sign and negative figures with a ‘-‘ sign. This should help you to understand the accounting methods within Osprey
All Bank & Journal Postings
Last Year’s Profit adjustments
The posting types for ‘Last Year’s Profit Adjustments’ (from LYPROFIT) are ‘Transfer LYP to Nominal’ and ‘Transfer Nominal to LYP’
Petty Cash postings
The ‘Petty Cash Postings’ (From PETTYCASH) posting types available are ‘Petty Cash from Bank’ and ‘Petty Cash to Bank’.
VAT Journal postings
VAT Journal Postings (From VAT JNL) posting types are ‘VAT Payment’ and ‘VAT Adjustment’.