Accounting Reports
Audit Ready: Cashbook Recon, Financial Reports, and Year End
IMPORTANT NOTICE Each company has different requirements for the reports they need to download. The reports discussed below are the most commonly downloaded, but you may need others. Feel free to contact us if you have additional requirements. These ...
Important VAT Update: 15.5% Effective 1 May 2025
Important VAT Update: 15.5% Effective 1 May 2025 In accordance with the new South African VAT legislation, PropWorx will implement the updated VAT rate of 15.5% effective from 1 May 2025. What this means for you: Automatic Update: All existing fees ...
Income & Expense Report
How the Income and Expense Report is Populated To help you understand how the Income and Expense report is generated, please see the breakdown below: Expenses An expense will only reflect in the Income and Expense report when a Business Debit is ...
Tax Report Report
1. To access the Tax Report, start by clicking on Accounting in the Main Menu. 2. Click on Company Reports. 3. Click on Company Analytics on the main menu. 4. Click on Tax Report 5. Tax report will open. 6. Optional: Select date range. 7. The Tax ...
Audit Journals & Journal Reports
Journals are performed to move funds between different admin and/or customer files. This does not affect the balance of your cashbook like a manual transaction. What type of Journal should you use? The type of journal will depend on which Cashbook ...
Audit Ready: Change Year End
A financial year is a 12-month period used for financial and tax reporting purposes (e.g., from March of the previous year until the end of February of the current year). The financial year end date may differ from the calendar year end. The Year End ...
General & Deposit Ledgers
General ledgers will use a double-entry accounting system, which means that the transaction affects two general ledger accounts. 1. Click Accounting on the Main Menu. 2. Click Balances 3. On the main ribbon bar, select General Ledgers. 4. General ...
Trial Balance Report - Trust, Deposit and Trial Balance
How to view the Trial Balances Reports 1. Click Accounting on the Main Menu. 2. Click Balances on the main ribbon bar. 3. On the main ribbon bar, select Trial Balances. 4. Trial Balances is split into three sections: Trust Trial Balance - Displays ...
Consolidated Detailed Ledgers
Consolidated ledgers will combine all the Ledgers into one report for the cashbooks of the same type (i.e. trust, business, or deposit). 1. Click Accounting on the Main Menu. 2. Click Balances 3. On the main ribbon bar, select Consolidated Ledgers. ...
Accounting Files & Report
An accounting file (aka accounting ledger) is an account or record used to store bookkeeping entries for balance-sheet and income-statement transactions. On PropWorx, users are able to create general ledgers (for trust and business entries) and ...