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
Balance Sheet
Balance Sheet
Go to Accounting > Reporting > Balance Sheet. Shows the company's financial position at a specific date.
Sections
- Assets: Current (Cash, AR, Inventory) and Non-Current (Fixed Assets, Intangibles).
- Liabilities: Current (AP, Accrued Expenses, Short-term Loans) and Non-Current (Long-term Debt, Deferred Revenue).
- Equity: Capital, Retained Earnings, Current Year Profit/Loss.
- Total Assets = Total Liabilities + Equity - Must balance.
Customisation
- All customisations from P&L apply (date range, compare, group by, export).
- The Balance Sheet is typically run on the last day of the reporting period.
- Use Comparison Mode to see period-over-period changes in assets/liabilities.
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