🧮Accounting

The Accounting Page provides financial tracking and reporting tools for effective financial management.

Chart of accounts

The Chart of Accounts displays categories like assets, equity, liabilities, income, and expenses, allowing users to add new sub-accounts for precise financial categorization, such as 'Rent' under 'Expenses.'

Retained Earnings Reconciliation

Click 'Retained Earnings' under 'Equity' in the chart of accounts. Then, select reconcile from the action button. This ensures that retained earnings are up-to-date with the all-time income statement.

Register Journal Entries

The Register Journal Entries feature enables you to record and track financial transactions for accurate bookkeeping.

Before you register, make sure that you have created a sub-account.

Journal Ledgers

The Journal Ledger is where all accounting entries are recorded based on the selected chart of accounts, such as income, expenses, or assets. It helps track every transaction made in the system for transparency and audit purposes.

If a transaction was recorded under the wrong chart of account, you can easily reverse it from here. To do this, scroll to the extreme right of the entry, click the three dots (⋮), and select Reverse to correct or adjust the record.

Tax Management

You can add new tax payments to accounting by clicking 'Tax Management', selecting 'Add New Payment', and submitting the form.