- Title
- Accounting
- Tags
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Financial StatementsJournalsVendors
Accounting
The Accounting branch defines the rules, structures, and classifications that govern the financial system. It forms the foundation on which all financial data is recorded and reported.
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Accounts → Create and manage ledger accounts where transactions are posted. Accounts are classified by type (assets, liabilities, equity, income, and expenses).
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Chart of Accounts → Define the structured hierarchy of accounts that serves as the financial framework of the company.
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Tax Category → Classify taxes into groups such as VAT, service tax, or withholding tax.
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Taxes → Configure tax rates and apply them to items, invoices, and bills.
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Incoterm → Define international trade terms (e.g., FOB, CIF) to standardize commercial transactions with global partners.
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Currencies → Manage multi-currency support by setting up currencies, exchange rates, and conversion rules.