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If you need expert advice with your accounting, Zoho Books lets you easily invite and share your accounting data with your accountant or business advisers in no time.
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Accounting Behind Zoho Books
Zoho Books is a double entry accounting system and by that we mean when you add a transaction it automatically creates a journal that involves moving money from one account to another and applies debits and credits to appropriate accounts. For day to day transactions like invoices, bills etc. Zoho Books automatically creates the journals. For rare transactions like fixed asset depreciation you can take help of your accountant and post manual journals in Zoho Books.
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Manual Journals
Your accountant can help you with manual journals to record transactions like fixed asset depreciation. That apart, manual journals come handy when you want transfer balances from one account to another to rectify errors.
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Base Currency Adjustment
If you record foreign currency transactions then you might be required to re-calculate the base currency balances of your foreign currency accounts, open bills and invoices using the exchange rate at the time of adjustment and posting the difference between the existing balance and new balance to the "Exchange Gain or Loss" account. The base currency adjustment screen is exactly for this purpose.
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Reports
Zoho Books provides nicely designed reports like Trial Balance and Journal Report that for are useful for your accountant and others who are comfortable with the traditional mode of accounting.
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