Postingin bookkeeping is the point at which the parities in subledger and the general
diary are moved into the general record. Posting just exchanges the aggregate
parity in a subledger into the general record, not the individual exchanges in
the subledger. A bookkeeping supervisor may choose to take part in posting
generally rarely, for example, once per month, or maybe as habitually as once
every day.
Subledgers
are just utilized when there is an expansive volume of exchange action in a
specific bookkeeping territory, for example, stock, creditor liabilities, or
deals. In this way, presenting just applies on these bigger volume
circumstances. For low-volume exchange circumstances, passages are made
straightforwardly into the general record, so there are no subledgers and
consequently no requirement for posting.
For
instance, ABC International issues 20 solicitations to its clients over a
one-week time frame, for which the sums in the business subledger are for
offers of $300,000. ABC's controller makes a presenting section on move the
aggregate of these deals into the general record with a $300,000 charge to the
records receivable record and a $300,000 credit to the income account.
Posting
is likewise utilized when a guardian organization keeps up discrete
arrangements of books for each of its auxiliary organizations. For this situation,
the bookkeeping records for every backup are basically the same as subledgers,
so the record aggregates from the auxiliaries are posted into those of the
guardian organization. This may likewise be taken care of on a different
spreadsheet through a manual solidification process.
Posting
has been wiped out in some bookkeeping frameworks, where subledgers are not
utilized. Rather, all data is straightforwardly put away in the records
recorded in the general record.
At
the point when posting is utilized, somebody investigating data in the general
record must "bore down" from the record aggregates posted into the
significant general record records, and pursuit in the definite records
recorded in the important subledgers. This can involve a lot of extra research
work.
From
the point of view of shutting the books, posting is one of the key procedural
strides required before monetary articulations can be made. In this procedure,
all conforming passages to the different subledgers and general diary must be
made, after which their substance are presented on the general record. It is
standard now to set a lock-out banner in the bookkeeping programming, so that
no extra changes to the subledgers and diaries can be made for the bookkeeping
time frame being shut. Access to the subledgers and diaries is then opened for
the following bookkeeping time frame.
On
the off chance that posting coincidentally does not happen as a major aspect of
the end procedure, the aggregates in the general record won't be precise, nor
will the budgetary articulations that are arranged from the general record.
Diary
is only an ordered record of all business exchanges. Yet, in the event that we
need to know the net impact of different exchanges influencing a thing, we have
to experience the entire diary. It requires investment. You realize that time
is cash in business.
Accordingly,
to conquer this trouble, we keep up another book called "Record."
Record
is a book which contains, in an outlined and characterized structure, a
complete record of all exchanges. Since it contains complete data about
different exchanges, it is known as the 'Important Book'. Last records of a
business are set up on the premise of record.
Rules for Posting into Ledger:
Posting
into record is produced using diary sections went in the diary. Mention that each
diary passage will must be posted into all records which have been charged and
credited in the diary section. Backtracking to Illustration I, for products
obtained for money. Buys Account is charged and Cash Account is credited. While
posting this section into record, it will be posted both in Purchase Account
and also in Cash Account.
Postingwill be made on charge side of the record which has been charged in the diary
section and, likewise, using a credit card side of the record which has been
credited in the diary, passage. Keep in mind, the postings into record will be
made in sequential way (date-wise).
In
the specific section, the name of the record (went before by 'To') credited in
the diary passage will be composed. Thus, while posting on the credit side of
the record, we should compose the name of the record (went before 'By') charged
in the diary passage.
The
measure of diary passage will be appeared in the sum sections of both records
lastly records will be adjusted.