Accounting
Manage your finances with automated bookkeeping, comprehensive reports, and tax preparation tools.
Overview
The Accounting module automatically tracks all financial transactions from sales, purchases, and adjustments. Journal entries are created automatically, giving you real-time visibility into your financial health.
Key Features
- Automated journal entries - Transactions create entries automatically
- Chart of accounts - Customizable account structure
- Financial reports - Balance sheet, P&L, cash flow
- Bank reconciliation - Match transactions with bank statements
- Tax preparation - Generate tax-ready reports
- Multi-currency - Handle international transactions
Chart of Accounts
Your chart of accounts organizes all financial accounts into categories:
- Assets - Cash, inventory, equipment
- Liabilities - Accounts payable, loans
- Equity - Owner investment, retained earnings
- Revenue - Sales, service income
- Expenses - Operating costs, salaries
Customization
You can add, modify, and organize accounts to match your business structure. Changes take effect immediately across all reports.
Financial Reports
Generate standard financial reports at any time:
Balance Sheet
Shows your assets, liabilities, and equity at a point in time. Understand what you own and owe.
Profit and Loss
Revenue minus expenses over a period. See if you are making or losing money.
Cash Flow Statement
Track where cash comes from and goes. Essential for managing liquidity.
Trial Balance
Lists all account balances. Useful for verifying that debits equal credits.
Journal Entries
Most journal entries are created automatically from sales and purchases. However, you can also create manual entries for adjustments like:
- Depreciation
- Accruals and deferrals
- Error corrections
- Opening balances
Manual Entries
Manual journal entries require approval from an accountant or manager to maintain financial integrity.