prashants
Can not create "Current Assets" > "Debtors" > "Individual Party's Ledger A/C"
Can not create "Current Assets" > "Debtors" > "Individual Customer's" Ledger A/C
OR
Can not create "Current Liabilities" > "Creditors" > "Supplier's Name" Ledger A/C
When creating for example MR.X (a debtor) A/C, I just can't find "Debtors" in the drop down list to add as the "Parent Group".
BTW, "Debtors" is already created under "current Asset" group.
You have created Debtors as ledger account. You need to create it as a group. Groups are like container and Ledgers are the items you add to containers.
If I create Debtors as a ledger A/C it is not going to show under Current Assets which it should be. I think, we need sub-groups.
Please create Debtors are group. You cant see it under current assets since its a ledger and not a group. In parent group you can only see list of groups and not ledgers.
Yes I can. but in the B/Sheet it will not appear in correct place (Under Current assets).
(EDITED)
BTW the correct format should be : Assets: Liabilities & Equity:
- Fixed Assets : 1. Capital & Equity 2.Investments 2. Loans 3.Current Assets : 3. Current Liablities:
I guess you are right. It will be hard to change now though. In your case you can just change it in the below file and redo the installation.
https://github.com/prashants/webzash/blob/master/Config/InitialData.Mysql.sql
Can't you introduce Groups > Sub-Groups > Ledger A/Cs model ? It will be more Practical.
Suppose if we have sub groups like BANKS, CREDITORS, DEBTORS ....that will be very very useful.
Just create a new group under a group. You can nest groups to any level. That should solve your problem.
Some suggestions:
A). Transfer the following groups to the MASTER group and don't let users add into that master group:
1.Fixed Assets, 2.Investments, 3.Current Assets 4.Capital, 5.Loans, 6.Current Liabilities
B). Call their 'full name' so that they can stick to their pre-configured positions.
C). Modify the view/reports/print/balancesheet.php file, so that Dr. & Cr. do not appear in printed B/Sheet.
D). The word "A/C" should be pre- written (as a disabled button) in the right hand-side, so that users do not enter the word 'A/C' in the name. E). When you call these a/cs in P&L , the A/C word should automatically appear as the dr. cr. appearing now. When you call for B/Sheet the word 'A/C' should not come.
D. Lot of ledgers don't have A/C suffix. Like cash, cash on hand, land assets, furniture assets, etc.
In theory, each and every Ledger account should have an A/C suffix.
http://www.futureaccountant.com/accounting-process/study-notes/ledger-preparation-balancing-illustration.php#.Vlq5D3wrJhk