General Journal
 This works the same as the general journal function in other accounting applications, debit and credit accounts as needed and make sure the debits and credits balance. “Control Accounts” such as Bank Accounts, Trade Debtors and Trade Creditors may not be selected, but if you enter a Person who is an owner or supplier, you may debit or credit their AP or AR balance as needed.
​Transaction
A transaction is a charge to a person or a horse, and would normally include GST. To charge a client directly enter their name under Client. If a horse name is entered, the amount charged will be split between the horse owners according to share percentage, unless you specify that the entire charge should go to one owner using the Share column. A transaction must be allocated to a Service, each service is linked to an income account which can be modified via Settings > Options > Services. Expense
Use the expense function to record accounts payable to suppliers. The X-Ref field will normally be the supplier invoice number, the amount entered will be assigned to the relevant trade creditor, and the account selected would normally be an expense account. In most cases Tax should be set to GST, unless the supplier bill is GST free.
​Horse Credit
​The Horse Credit function is normally used for prizemoney won by a horse that needs to be distributed to the horse owners. It can also be used where a horse is sold and sale revenue needs to be distributed to owners. Enter a date, horse name and amount then choose an account for allocation. The account will often be the Interim Clearing Account, use of the interim account is discussed later in this guide. You may enter an owner name in the Share column if you wish the entire credit to go to a certain owner. You may enter a negative value in the amount field if you wish to charge the horse or owner instead of credit them.
​Bank Deposit
​Use this function to record a deposit to a bank account. Enter date, bank account, Cr Code (normally an income account, or the interim account), amount, Tax (often Non), and Type (e.g. EFT).
​Payment
Use this function to record a payment from your bank account. Enter date, bank account Dr Code (normally an expense account, or the interim account), amount, Tax (often Non), and Type (e.g. EFT).