The instructions in this article relate to Zero Balance Accounts, which can be located by searching or selecting Zero Balance Accounts from GLMax.
Zero Balance Accounts is a quick way to create a journal set to reduce an account code to a zero balance and post it to a nominated account code. This will automatically create a journal for the amount that is required to make the selected accounts a zero balance, then it will create another journal for the opposite amount in the selected Contra A/c.
- In the GLMax Company, search or select Zero Balance Accounts.
- Click on to Select Accounts and select the account codes to make 0.00.
- Click in the Contra A/c field and select another account code where the opposite journal will be taken up.
- Click on to Create Transaction (this creates the journal entries in Auto Reverse).
- Click on to Post Transactions.