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
Chart of Accounts Templates & Fiscal Localisation
Fiscal Localisation Packages
Quickenerp includes pre-configured chart of accounts templates for many countries. These install the correct accounts, taxes, fiscal positions, and statutory reports.
Installing a Localisation Package
- Go to Accounting > Configuration > Settings → "Fiscal Localisation" section.
- Select your country from the dropdown.
- Click Install. Quickenerp loads the chart template, default taxes, and fiscal positions.
- Review the installed accounts under Chart of Accounts. Modify names if needed.
- Set your default tax rates in Settings → "Default Taxes".
Available Localisations
| Country | Chart Template | Key Features |
|---|---|---|
| United States | USA Basic | US chart, sales tax setup, 1099 reporting fields. |
| United Kingdom | UK Standard | UK chart, VAT setup (standard/reduced/zero), MTD-compatible reports. |
| India | India GST | GST-compatible chart, HSN/SAC codes, GSTR-1/GSTR-3B reports. |
| France | PCG (Plan Comptable G-n-ral) | French chart, VAT, FEC export. |
| Germany | SKR03 / SKR04 | German chart, GDPdU/GoBD compliance. |
| UAE | UAE VAT | VAT setup, FTA-compliant reports. |
| Australia | Australia Basic | BAS-compatible chart, GST setup. |
Customising the Chart of Accounts
After installing a template, you can:
- Add new accounts as your business grows.
- Rename accounts to match your terminology.
- Archive unused accounts (click "Deprecated").
- Re-number accounts by editing codes (be careful with existing entries).
- Create account groups for better report readability.
Multi-Company Chart
Each company in a multi-company setup can have its own chart of accounts or share one. Configure in Settings → "Multi-Company" → "Share Chart of Accounts". If shared, all companies use the same accounts. If separate, each has independent accounts.
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This documentation is updated continuously. Some features described here may be renamed, deprecated, or still being finalized.