Trusteeship and Banking

Understanding the New Accounting Feature in LoanDisk Podcast


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### Summary

This YouTube video tutorial explains the new accounting feature in LoanDisk, a financial management software. The presenter demonstrates how to select between accrual and cash accounting, set the financial year start date, and add bank accounts. The video also covers adding loans, loan repayments, and reconciling entries. Additionally, it showcases using chart of accounts, taxes, and manual journal entries for more advanced accounting needs.


### Highlights

- 💼 Demonstrates new accounting feature in LoanDisk, including accrual vs. cash accounting and setting financial year start date.

- 🏦 Shows how to add bank accounts, manage different currencies, and enable/disable cash options for branches.

- 📝 Guides on adding loans, specifying loan funds sources, and recording loan repayments in the system.

- 🔗 Demonstrates reconciling entries for bulk-moving transactions between accounts.

- 📊 Covers chart of accounts, taxes, and manual journal entries for more advanced accounting needs.

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Trusteeship and BankingBy BidZiiL Bey