Thursday, October 3, 2013

MAXX: Adjustment between the Ledgers


Journal Voucher Transaction is used to record accounting events or new transactions on a general ledger. It is commonly used to adjust the assets, liabilities, revenues and expenditure. MAXX provides this facility to the user for adjustment between the two accounts. Journal Voucher is valid only when the sum of Debit amount is equal to the sum of Credit amount. This helps to adjust the balance sheet transactions (i.e. moving value from one balance sheet account to another). This transforms the accounting work from complexity to simplicity.

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