Accounting
Last update:
07/21/2026
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In this topic
Accounting Overview
- Introduction to Quickenerp Accounting
- Setting Up the Chart of Accounts
- Understanding & Configuring Journals
- Creating Customer Invoices
- Creating & Managing Vendor Bills
- Bank Account Setup & Transactions
- Tax Configuration & Management
- Multi-Currency Setup & Management
- Creating & Monitoring Budgets
- Profit & Loss Report
- Period-End Closing Process
- Accounting Navigation & Dashboard
- Chart of Accounts Templates & Fiscal Localisation
- Credit Notes & Refunds
- Bank Reconciliation
- Fiscal Positions
- Balance Sheet
- Payment Terms & Collections
- Trial Balance, General Ledger & Other Reports
Chart of Accounts
Journals
Customer Invoices
Vendor Bills
Bank & Reconciliation
Taxes
Multi-Currency
Budgets
Financial Reports
Period-End & Fiscal Year Closing
Accounting Navigation & Dashboard
Accounting Menu Structure
The Accounting app has a comprehensive menu structure:
| Menu Group | Menu Item | Purpose |
|---|---|---|
| Dashboard | Dashboard | KPI cards: overdue invoices, draft invoices, cash/bank balances, expenses to process. Quick links to common actions. |
| Customers | Invoices | All customer invoices. Filter by status: Draft, Posted, Paid, Overdue. |
| Customers | Credit Notes | Customer refund/credit documents. |
| Customers | Payments | Incoming payments from customers. |
| Vendors | Bills | All vendor bills. Filter by status. |
| Vendors | Vendor Credit Notes | Refund documents from vendors. |
| Vendors | Payments | Outgoing payments to vendors. |
| Configuration | Settings | Accounting-specific settings: chart template, fiscal year, tax rounding, etc. |
| Configuration | Chart of Accounts | Full list of all accounts. Create/edit/archive accounts. |
| Configuration | Journals | Manage all journals. Each transaction type has its own journal. |
| Configuration | Taxes | Define tax rates, computation rules, and tax groups. |
| Configuration | Fiscal Positions | Map taxes based on customer location (intra-EU, export, reverse charge). |
| Configuration | Payment Terms | Define payment schedules: Net 30, Due on Receipt, 2/10 Net 30. |
| Configuration | Payment Methods | Configure payment providers and methods. |
| Configuration | Budgets | Create and manage budget periods compared to actuals. |
| Reporting | Profit & Loss | Income statement for a period. |
| Reporting | Balance Sheet | Financial position at a point in time. |
| Reporting | Executive Summary | Combined P&L and Balance Sheet with key ratios. |
| Reporting | Trial Balance | All accounts with debit/credit balances. Drill-down to journal items. |
| Reporting | General Ledger | All journal entries sorted by account. Complete transaction history. |
| Reporting | Aged Receivables | Outstanding customer balances by age bracket. |
| Reporting | Aged Payables | Outstanding vendor balances by age bracket. |
| Reporting | Tax Report | Sales and purchases summary per tax. Used for VAT/GST filing. |
| Reporting | Audit Trail | Sequential log of all posted entries with timestamps. |
Dashboard Overview
- KPI Cards - Invoices to pay, overdue invoices, invoices to send, cash/bank balance.
- Bank Accounts - Summary of all bank balances with last reconciliation date.
- Invoices to Send - Draft invoices awaiting confirmation.
- Invoices to Pay - Overdue vendor bills.
- Cash Flow Forecast - Projected cash position based on receivables and payables.
Recent Accounting Improvements
- New Dashboard Layout - KPI cards redesigned with trend indicators (up/down arrows).
- Inline Cash Flow Forecast - Directly on dashboard without navigating to a separate report.
- Quick Actions - \"Create Invoice\", \"Register Payment\", \"Reconcile\".
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This documentation is updated continuously. Some features described here may be renamed, deprecated, or still being finalized.