This video explains about accounting module of SNS Credit Co-operative Society. Video has following important information:
- How SNS accounting module implemented in its Credit Co-operative Society software?
- SNS accounting is based on General Ledger (GL) and double transaction. Double transaction means if there is any credit / debit entry in any ledger there must be corresponding debit / credit entry in any other ledger.
- SNS accounting has 4 types of General ledger:
- Liability
- Asset
- Expense
- Income
- First create general ledgers, then create voucher which is transaction and associate these transaction to one of general ledgers.