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Journal Entries

It’s just accounting speak for ‘Transfers’. The journal entries page lets you record when you transfer money from one account to another, like when you put your cash in the bank*. There are a few special destinations built into your accounts, depending on whether you’re a sole trader or limited company. You will be able…

Things to Avoid

Don’t make a customer called “Sales” or “Takings from minicab 1”, etc. A customer should be a real person or company – someone who can owe you money. To separate out income types, revenue streams, or sources, go to Business Details -> Settings -> Edit Expense and Income Types. The “Transaction Categories and Budgets” box…

Invoices

With CalCal you can send invoices to your customers. The simple invoice editor lets you add items in two ways: Service Only lets you add a reference for each line (optional), a description, and a cost. VAT-registered businesses will put the net cost of each item and its VAT rate. In “Goods and Services” view,…