Accounting

Whether you have an accountant in your internal team OR you do it yourself OR you have chosen to outsource it, the financial accounting process is at the center of any business management system (aka an ERP system).

In ERPNext, accounting operations consists of 3 main transactions:

  • Sales Invoice: The bills that you raise to your Customers for the products or services you provide.
  • Purchase Invoice: Bills that your Suppliers give you for their products or services.
  • Journal Entries: For accounting entries, like payments, credit and other types.

You can check out this video for a run down of the accounts module in ERPNext.

1. Topics

1.1 Setup and Opening

  1. Introduction
  2. Company
  3. Chart Of Accounts
  4. Opening Balance
  5. Cost Center
  6. Fiscal Year
  7. Accounting Period
  8. Accounts Settings
  9. Finance Book
  10. Accounting Dimensions
  11. Bank
  12. Bank Account
  13. Accounting Dimensions

1.2 Journals and Payments

  1. Journal Entry
  2. Payment Entry
  3. Payment Request
  4. Mode of Payment
  5. Payment Terms
  6. Payment Terms Template
  7. Advance Payment Entry
  8. Inter Company Journal Entry

1.3 Billing

  1. Sales Invoice
  2. Purchase Invoice
  3. Inter Company Invoices
  4. Credit Note
  5. Debit Note
  6. Credit Limit

1.4 Taxes

  1. Item Tax Template
  2. Tax Withholding Category
  3. Tax Rule
  4. Tax Category

1.5 Pricing

  1. Pricing Rule
  2. Promotional Scheme
  3. Exchange Rate Revaluation
  4. Currency Exchange
  5. Currency

1.6 Retail Operations

  1. POS Profile
  2. Point Of Sales
  3. POS Cashier Closing

1.7 Tools

  1. Bank Reconciliation
  2. Payment Reconciliation
  3. Period Closing Voucher
  4. Payment Order

1.8 Reports

  1. Accounting Reports

1.9 Advanced

  1. Multi Currency Accounting
  2. Deferred Revenue
  3. Deferred Expense
  4. Bank Guarantee
  5. Loyalty Program
  6. Budgeting
  7. Auto Repeat
  8. Invoice Discounting

1.10 Subscription

  1. Subscription
  2. Subscription Plan
  3. Subscription Settings

1.11 Shareholder Management

  1. Shareholder
  2. Share Transfer
  3. Share Reports

1.12 GST

  1. GST Setup
  2. GST Reminders
  3. GST 3B
  4. Auto generating e-Way Bill

2. Articles

2.1 Record Entries

  1. Freeze Accounting Entries
  2. Post Dated Cheque Entry
  3. Adjust Withhold Amount Payment Entry
  4. Bulk Payment Entry
  5. Difference Entry Button

2.2 Account Operations

  1. Changing Parent Account
  2. Withdrawing Salary From Owners Equity Account
  3. Common Receivable Account
  4. Freeze Account
  5. Round Off Account Validation

2.3 Advanced

  1. What Is The Differences Of Total And Valuation In Tax And Charges
  2. Types In Tax Template
  3. Manage Foreign Exchange Difference
  4. How To Freeze Accounting Ledger
  5. Managing Transactions In Multiple Currency
  6. Recurring Orders And Invoices

2.4 Other

  1. Tracking Project Profitability Using Cost Center
  2. Update Stock Option In Sales Invoice
  3. Exchange Rate Field Frozen
  4. Fiscal Year Creation
  5. How To Customize Cash Flow Report
  6. How To Manage Subscriptions With ERPNext

2.5 Reports and Errors

  1. Purchase Invoice Account Type Error
  2. Fiscal Year Error

2.6 Stock and Accounting Integration

  1. Warehouse and Accounting Ledger Link

3. Videos

  1. Chart of Accounts
  2. Opening Account Balances
  3. Taxes
  4. Advance Payments
  5. Budgeting
  6. Subscription Management