Overview: Accounting Module

Accounting modules lets you do invoicing and payment entries. ERPNext
accounts module lets you manage accruals and payment entries online.

Accounting module setup starts with defining ledgers in chart of
accounts. As per standard, accounting module has four head:

  1. Income: Income account includes ledger of direct and indirect
    income like sales, services, asset sold.

  2. Assets (aka application of funds)
    1. Fixed assets
    2. Investments
    3. Current asset: has ledger of customers, banks account, cash
    account and petty
    cash.

  3. Liability (aka sources of funds)
    1. Capital account
    2. Current liability: has an account ledger of suppliers,
    duties and taxes and loans
    taken for financial institution.

  4. Expenses
    1. Direct expenses: has ledger like cost of goods sold and raw
    material
    2. Indirect expenses ledgers like traveling expenses, bank
    charges etc.

Creating all possible ledgers in chart of accounts will enable you to
proceed with transactions like:

  1. Sales invoice (aka invoice, bill, proforma invoice):
    Sales invoice is transaction which works as invoice for customer and
    where income is booked against relevant income ledger.

Sales invoice prepared will give you reports like account receivables,
GL etc.

  1. Purchase invoice:
    Purchase invoice is transaction where buying expenses are booked when
    purchase of goods / services is done.

  2. JV:
    JV is done on actual realization of payment from customer and when
    payment is made to our supplier. Also accounting transaction like
    contra voucher, cash voucher, debit note and credit note scenarios can
    be covered.

Reports:

  1. Financial statements

    Balance sheet
    Profit and loss account

  2. Account payable
  3. Account receivables
  4. Sales and purchase expenses and much more

Dear sir ,

            I am new to ERPNext and now I installed ERP on Linux server and i created some users first i decided to configure accounts module now i created company name then 
financial year , how i go to the next step to configure accounts module to make day to day accounts activities 

Thanks in advance



You received this message because you are subscribed to the Google Groups “ERPNext User’s Forum” group.

To unsubscribe from this group and stop receiving emails from it, send an email to erpnext-user-forum+un…@googlegroups.com.

To view this discussion on the web visit https://groups.google.com/d/msgid/erpnext-user-forum/c38749bc-aeaa-4a77-ba50-f17957e27332%40googlegroups.com.

For more options, visit https://groups.google.com/d/optout.

What do you mean by day to day activities? Did you read the manual?

https://erpnext.com/user-guide/accounts



@rushabh_mehta
https://erpnext.org

On 15-Jun-2014, at 2:00 pm, parthiban partha <cp...@gmail.com> wrote:

Dear sir ,

            I am new to ERPNext and now I installed ERP on Linux server and i created some users first i decided to configure accounts module now i created company name then 
financial year , how i go to the next step to configure accounts module to make day to day accounts activities 

Thanks in advance




You received this message because you are subscribed to the Google Groups “ERPNext User’s Forum” group.

To unsubscribe from this group and stop receiving emails from it, send an email to erpnext-user-forum+un…@googlegroups.com.

To view this discussion on the web visit https://groups.google.com/d/msgid/erpnext-user-forum/c38749bc-aeaa-4a77-ba50-f17957e27332%40googlegroups.com.

For more options, visit https://groups.google.com/d/optout.




You received this message because you are subscribed to the Google Groups “ERPNext User’s Forum” group.

To unsubscribe from this group and stop receiving emails from it, send an email to erpnext-user-forum+un…@googlegroups.com.

To view this discussion on the web visit https://groups.google.com/d/msgid/erpnext-user-forum/2FA4D599-3EC2-410A-B0BD-5A674C04E0C8%40gmail.com.

For more options, visit https://groups.google.com/d/optout.