Kash is King - The Official Kashoo Blog

Accounting, business and technology insights for those who are blazing their own trail to success.

October Report from Support: Importing a Trial Balance and More

Posted by Nikki Layton on October 22, 2014 at 7:12 PM

It's time for the Kashoo Report from Support!


Importing Trial Balances Versus Entering Opening Balances

This month, we've seen a handful of common inquiries but the most notable by far has been related to importing trial balances versus entering opening balances. When you're first starting your business with Kashoo, importing a trial balance is the easier route—especially when you use Kashoo's trial balance template. In order to do this, understanding how to set up your debit and credit columns is key.

When recording numbers in accounting, a debit value is placed on the left side of a ledger for a debited account and a credit value is placed on the right side of a ledger for a credited account. A debit or a credit either increases or decreases the total balance in each account, depending on the type of account, as shown here, by account type:

accounts_debits_credits

Learn more about Credits and Debits.

And here's a handy video that'll help you get started with importing your trial balance...

 

POODLE

Elsewhere on the Kashoo Support Desk, we've also seen a few questions related to POODLE. This month, the Google Security Team recently discovered an SSL 3.0 (SSLv3) fallback security exploit called POODLE (Padding Oracle On Downgraded Legacy Encryption). Through this exploit, an attacker could take over an encrypted session between a browser and a server that supports SSLv3. Ultimately, this has little impact on Kashoo or your Kashoo experience, but we wanted to bring it to your attention regardless. Read the full post here.

 

As always, keep the questions coming! Email Kashoo Support.

 

 

Topics: Accounting