Accounting
Last update:
07/21/2026
Completed
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
Trial Balance, General Ledger & Other Reports
Trial Balance
Go to Accounting > Reporting > Trial Balance. Lists every account with its debit/credit balance at a given date. Drill down into any account to see individual journal items.
General Ledger
Go to Accounting > Reporting > General Ledger. Shows all journal entries sorted by account and date. Complete transaction history. Filter by journal, account, partner, date range. Export for auditors.
Other Key Reports
| Report | Purpose |
|---|---|
| Aged Receivables | Customer invoices grouped by age: Current, 1-30 days, 31-60, 61-90, 90+ overdue. Essential for collections. |
| Aged Payables | Vendor bills grouped by age. Important for cash flow planning. |
| Cash Flow Statement | Operating, investing, and financing cash flows. Built from P&L and Balance Sheet changes. |
| Tax Report | Sales and purchase tax summary by rate. Used for VAT/GST filing. |
| Executive Summary | Combined P&L + Balance Sheet with key financial ratios (current ratio, debt-to-equity, gross margin). |
| Audit Trail | Sequential list of all posted entries with timestamps, user, and IP address. Required for audit compliance. |
Recent Reporting Improvements
- Report Preview - See report data before generating PDF.
- Inline Export - Export to Excel directly from report view without going through a dialog.
- Multi-Company Consolidation - Combine financial reports across multiple companies in a single view (Enterprise).
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