The Accounting feature will allow you to register your entries to generate your accounting documents. It has been designed so a beginner can use the basic features easily while enabling them to manage more advanced needs.
We have included below a presentation of the module's main features and links to other articles explaining their operation in more detail.
Here are the different points discussed in this article:
Discover the Accounting application
Principle
The Accounting application will accompany you throughout your accounting period, from your first entries to the closing of the fiscal year.
The accounting entries are generated via a simplified operation: you enter the information on the operation, and the software generates the accounting entries from them.
An expense/revenue entry generates two types of entries:
- A commitment entry (expense or revenue) reflects an impact on the result and a commitment to be paid
- A payment entry honors the commitment to be paid and feeds a financial account, for example, the bank account
How it works
- Either manually through the expense/receipt entry module. This module is also used when adding a transaction manually
- Some entries (online sales) are generated automatically
- In addition to this simplified interface, an accounting entry module allows direct entry of entries to meet more advanced needs
Main features
Accounting dashboard
This page gives you the status of your accounting in real time:
- Your availabilities by account and by sub-categories
- The evolution of your expenses and revenues, as well as your result
- The actions to perform (reconciliation, check deposit, online account)
Recording of accounting entries
The accounting entry is made from the Accounting > Book Entry > Expense page. You can then modify or delete the entries entered.
Other modules are available to cover more specific needs:
- Monitoring of debts and receivables, i.e., entries with subsequent payments
- Transfers between accounts and cash deposit/withdrawal entries
Consultations of entries
Once you have recorded your entries, they directly feed your accounting documents, which you can consult at any time and finalize by closing. It is also possible to display your entries via the search module, which allows you to filter them by date, amount, accounting category, related third parties, etc.
Bank
You will be able to record check remittances to generate a deposit slip.
Accounting closing
You can close your accounts in a few clicks at the end of your fiscal year. After that, the software will generate all the necessary entries for the opening of the next fiscal year.
Configuration
If it is relatively quick to do, the configuration of the accounting application allows you to understand the accounting concepts of the software easily.
Accounting level
You can start by defining your accounting level to unlock more or fewer features according to your needs. No extra cost is associated with this choice, and you can change your level at any time.
Accounting periods
Then create your accounting period by defining a start and end date. This is usually a 12-month period based on the calendar year, but it may be different in some cases.
Accounting Categories
You can customize your chart of accounts by adding new categories or linking them to the price of a sale. In the same way, the bank accounts created from the settings page will also generate an accounting category for the Checking Account.
Initial balance
Finally, if you had an accounting before Springly and this is not your first fiscal year, you can resume this history via the initial balance.
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