Reserves & Surplus

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 Ledger module in the left sidebar.
  • Click on the Create ledger 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:

FieldDescriptionNote
Under groupHere select the Reserves & Surplus ledger. 
Ledger nameHere write your ledger name.Mandatory field
Short nameHere write your ledger short name. 
EmailHere write your ledger email id. 
Mobile noHere write your ledger mobile no. 
Tax registration detailsHere write your PAN/IT no. 
Opening BalanceHere put your ledger opening balance. 

Shortcut:

NameDescription
Alt+SSave-This shortcut is used to save the ledger details.
Alt+CCancel- This shortcut is used to cancel the ledger details.
Alt+DDiscard- This shortcut is used to discard the ledger details.