Accounting
Accounting keeps your books: each sale, purchase and payment becomes a journal entry, and every report reads from them.
Your chart of accounts
The books start with a small business’s chart, numbered by your country’s plan: the United States, Morocco’s CGNC or France’s PCG, with their VAT rates. Apply another plan later, or import your accountant’s from a CSV or Excel file.
Invoices, bills and payments
- A draft posts nothing; approving it posts its entry. Numbers run from INV-1001 and BILL-1001.
- A payment settles one or several documents; what is left stays as the contact’s credit.
- Recurring invoices and bills are made on their days.
- Invoices open on your letterhead, with your payment instructions.
Bank
Import your bank statement as CSV. Match each line to an invoice or a bill, file it in an account, or leave it out; rules do it for you. Reconcile until the statement’s balance and yours agree.
Reports
- Profit and loss
- Against the period before.
- Balance sheet
- Always in balance.
- Cash flow
- Where your cash came from, and where it went.
- Trial balance
- Every account’s balance.
- Aging
- What customers owe you and you owe suppliers, by how late.
- Tax summary
- Tax collected, less tax recovered.
Budgets and closing
Plan a year month by month, from scratch or from last year grown by a percentage, and compare it with what really happened. Close a period to lock everything dated in it.