In the ledger module, you can add your Reserves & Surplus ledger to Munim. After doing this, you will be able to manage your Reserves & Surplus account.
Reserves and surplus are all the cumulative amounts of retained earnings recorded as a part of the Shareholder’s Equity. The company earmarks them for specific purposes like buying fixed assets, payment for legal settlements, debts repayments, payment of dividends, etc.
Create Reserves & Surplus Ledger:
- Go to the Account module in the left sidebar.
- Click on the Create account button or press the Alt+N key.
- Select Reserves & Surplus ledger on the Under group ledger drop-down list.
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Field Information for Reserves & Surplus ledger:
| Field | Description | Note |
|---|---|---|
| Under group | Here select the Reserves & Surplus ledger. | |
| Ledger name | Here write your ledger name. | Mandatory field |
| Short name | Here write your ledger short name. | |
| Here write your ledger email id. | ||
| Mobile no | Here write your ledger mobile no. | |
| Tax registration details | Here write your PAN/IT no. | |
| Opening Balance | Here put your ledger opening balance. |
Shortcut:
| Name | Description |
| Alt+S | Save-This shortcut is used to save the ledger details. |
| Alt+C | Cancel- This shortcut is used to cancel the ledger details. |
| Alt+D | Discard- This shortcut is used to discard the ledger details. |
