Accounting

💡These articles explain the ledger, accounting budgets, multi-currency, recurring transactions and close-off dates, and how to set up accounts, Account Categories and accounting reports.

Articles#

• Account Categories Setup Tutorials: Shows how to create, edit and delete the Account Categories that make up the main sections of the financial statements.
• Accounting Budgets: Describes the Budgets module: its user settings, list view, budget selection column, budget editing section with its update options and budget chart.
• Accounting Budgets Tutorial: Shows how to create, copy, edit, delete and email Accounting Budgets, add accounts and compare budgeted with actual amounts.
• Accounting Reference: Describes the basics of accounting in BOS Enterprise and the three main reports: the Statement of Profit or Loss, Statement of Financial Position and Trial Balance.
• Accounting Reports Setup Tutorials: Shows how to create, edit and delete custom accounting reports and allocate them to Entities and departments.
• Accounting Settings & Defaults: Shows how to set up the basic accounting settings, such as VAT defaults, financial year start, sales and purchase accounts, costing rules and age analyses.
• Accounting Setup: Describes the Chart of Accounts setup screen: user access, Account Categories, the list of accounts with its buttons and filters, warnings and Rebuild function.
• Accounting Take-On Balances Setup Tutorials: Shows how to prepare for and capture opening balances from the Trial Balance, fixed assets, customers and suppliers, and then check the result.
• Cashup: Describes cashups: counting cash and other payment types against a user's transactions, the variance, the surplus or shortfall ledger entry, settings, statuses and warnings.
• Chart of Accounts Setup Tutorials: Shows how to create main accounts, sub-accounts and bank accounts, edit, sort and delete accounts, and email or export the Chart of Accounts.
• General Ledger Accounts Tutorial: Shows how to view ledger accounts and enter expenses, other income, general journals and recurring transactions in the general ledger.
• Item Accounting: Shows how to link Items to General Ledger accounts for periodic or perpetual inventory, and change or delete those linked accounts.
• Ledger: Describes the Ledger, which lists all accounting transactions and creates ledger transactions, with its settings, Transaction Types, accounting settings, warnings and Data Pipelines.
• Ledger Posting Process Guide: Explains which transactions post to the ledger and when, what each posting carries, close-off dates, foreign currency, allocations and ledger warnings.
• Ledger Items View Tutorial: Shows how to view, filter, search, print, output and email the list of transaction items in the ledger.
• Ledger Transaction View Tutorial: Shows how to view, filter and search ledger transactions, spot potential trial errors and print, output or email the list.
• Managing Close-Off Dates Tutorial: Shows how to set and remove the close-off date that locks transactions in a finalised financial period, per Transaction Type.
• Multi-Currency: Describes how BOS Enterprise records transactions in foreign currencies: the currency settings and setup tabs, exchange rate updates, foreign currency Item prices and reports.
• Multi-Currency Setup Tutorials: Shows how to add currencies and denominations, enable multi-currency, set up bank, customer and supplier accounts, and create forex gain and loss Transaction Types.
• Multi-Currency Tutorial: Shows how to create transactions and ledger entries in foreign currencies and record forex gains or losses for customers and suppliers.
• Payroll Transactions Tutorial: Shows how to enter payroll expenses and payroll payments in the ledger.
• Recurring Transactions: Shows how to flag a ledger transaction as recurring, create new transactions from it and use its Date field to avoid duplicates for a period.
• Update Read-Only Transactions Tutorial: Shows how to recognise a read-only ledger transaction, create the edit password and update the transaction when a password is required.