Accounting

To access the Accounting menu and the options within, click on the Accounting button on the top of the screen: the image below will then be displayed

Setting up of Accounting 

To Enable Accounting Module, you need to follow the mandatory step by step instructions below before you do any transaction:- 

Step 1) Create chart of accounts - Chart of Accounts - General Ledger Setup. 

Step 2) Map opening balance contra account in - Accounts linked to Financial Activities

Step 3) Pass opening balance entries - Migrate opening balances (Office-wise)

Step 4) Map your products with respective accounts - 

• Go to >> Loan Products - Accounting 
• Go to >> Savings Products - Accounting 
• Go to >> Fixed Deposit Products - Accounting 
• Go to >> Recurring Deposit - Accounting 

Other Accounting features

• To define accounting rule - Accounting Rules
• To define advanced accounting rule - Advanced Accounting Rules
• To define accruals - Accruals

For operational usage 

• To manually pass journal entry - Add Journal Entries
• To search accounting transactions - Searching Accounting Transactions
• To use predefined accounting rule - Frequent Postings
• To close journal entries - Closing Entries