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:
|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.|
|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.|