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.
Field Information for Reserves & Surplus ledger:
|Here select the Reserves & Surplus account.
|Here write your account name.
|Here write your account short name.
|Here write your account email id.
|Here write your account mobile no.
|Tax registration details
|Here write your PAN/IT no.
|Here put your account opening balance.
|Here if you select “Yes” then this account is shown in all modules and if you select “No” then this account is not shown in all modules.
|Save-This shortcut is used to save the ledger details.
|Cancel- This shortcut is used to cancel the ledger details.
|Discard- This shortcut is used to discard the ledger details.