Accounting

The Accounting module helps you manage all your financial accounts, from income to expenses, in one place. It helps you accurately record and organise accounting data and create adjustments beyond regular sales or purchase transactions.

Understanding the Accounting Module

Since most accounting activities begin with bank transactions, the Banking feature helps you record, review, and reconcile bank entries accurately before proceeding with other accounting tasks.

You can then organise your finances in detail by creating and maintaining your Chart of Accounts and Sub Accounts. You can record manual journal entries for adjustments or transactions that are not created automatically through Zoho ERP using Manual Journals.

The module also allows you to update multiple accounting records at once using Bulk Update, saving time on repetitive tasks. You can record Base Currency Adjustments to track gains or losses from foreign currency transactions against your organisation’s base currency for accurate financial reporting.

To maintain data accuracy and compliance, you can use Transaction Locking to restrict changes to financial records. You can also record your fixed assets and automatically calculate depreciation for them.

All these actions help you keep your accounting data organised, track financial performance effectively, and manage your accounting tasks with ease.