Accounting in Epinomy centralizes your financial operations, ensuring a comprehensive financial strategy. This guide will take you through the Accounting module to manage your finances with precision.
The Accounting module is your comprehensive tool for financial tracking, from revenue to expenses, and assets to liabilities, offering a complete view of your financial health.
Under Accounts, this is where all financial transactions are categorized. - Access Accounts > Chart of Accounts. - Add or edit account categories to reflect your financial structure accurately.
Located in Selling, these documents detail transactions and impact inventory and revenue. - Navigate to Selling > Sales Invoice. - Click 'New' and fill in the sale details to generate an invoice.
In Buying, these record purchases and manage accounts payable. - Move to Buying > Purchase Invoice. - Hit 'New' and enter vendor details and items purchased.
Log all transactions in Accounts for a clear cash flow record. - Go to Accounts > Payment Entry. - Select 'New' and detail the payment received or made.
Under Human Resources, submit expenses incurred by employees for accuracy in financial records. - Visit Human Resources > Expense Claim. - Click 'New' and record the expense, attaching receipts and descriptions.
For atypical transactions, utilize Accounts > Journal Entry. - Head to Accounts > Journal Entry. - Pick 'New' and record the financial activity, specifying accounts affected.
In Accounts > Budget, plan finances and resource allocations. - Open Accounts > Budget. - Click 'New' and outline your financial plans for the period ahead.
Sales Invoices directly influence revenue and inventory tracking. - Choose 'New Sales Invoice' in the Selling module. - Input customer details, items sold, and finalize the sale.
Purchase Invoices maintain accurate expense records. - Select 'New Purchase Invoice' in the Buying module. - Fill in transaction details and submit the invoice for payment.
Each Payment Entry reflects the state of cash flow. - Open the Payment Entry tool under the Accounts module. - Log each payment or receipt to keep accounts balanced.
Accounting for every business expense upholds financial reporting integrity. - Access Expense Claims in the Human Resources module. - Approve business expenses submitted by employees.
Budget planning aligns financial goals with business strategies. - Use the Budget planning tool in the Accounts module. - Set allocations for different departments or projects.
Journal Entries capture transactions outside of regular sales or purchases. - Navigate to Journal Entries in the Accounts module. - Create entries for financial activities like accrued expenses.
Navigating the Accounting module in Epinomy effectively keeps your finances in check, ensuring a strong financial foundation for your business decisions.