Accounting

💡These articles explain the general ledger and chart of accounts, budgets, multi-currency, recurring and payroll transactions, financial close off and perpetual inventory.

Banking, financial statements and VAT/GST have their own sections: see Banking, Financial Statements and VAT/GST. Customer and supplier accounts (age analyses, ledgers and payments) are under Customers and Suppliers.

Articles#

• Accounting Take-On Balances Setup Tutorials: Shows how to enter and verify opening balances for accounts, fixed assets, Customers and Suppliers.
• Asset Register: Describes the Asset Register: the fixed assets with their cost, current and replacement values, and the access setting.
• Budgets: Describes the Accounting Budgets list and edit views, with their buttons, filters and fields.
• Budgets Tutorial: Shows how to create, copy, edit and email budgets and compare budgeted with actual amounts.
• Chart of Accounts Setup Tutorials: Shows how to create, organise, delete and export the accounts in your Chart of Accounts.
• Currencies: Describes how currencies work in BOS Professional and lists the currency settings.
• Entry Types Setup Tutorials: Shows how to create, copy and edit Entry Types and decide whether a new one is needed.
• Financial Close Off: Describes the Financial Close Off Date, which stops transactions being created or updated in a closed period, with an overview of accounting.
• Financial Close Off Tutorial: Shows how to set, amend or remove a Financial Close Off Date to close and open financial periods.
• Forex Transactions Tutorial: Shows how to set up multi-currency and record foreign exchange gains and losses for Customers and Suppliers.
• General Ledger Accounts Tutorial: Shows how to view General Ledger Accounts and enter general expenses, general income and journal entries.
• Item and Transaction Views Tutorial: Shows how to view, filter, search and print lists of transactions and transaction items.
• Ledger Edit Views: Describes the Ledger edit view, with the buttons and fields for general, Customer and Supplier entries.
• Ledger List Views: Describes the Ledger list view and its settings, with the buttons, filters and fields for each view.
• Ledger Posting Process Guide: Explains which transactions post to the ledger, when they post, what the ledger entry carries, and the ledger warnings.
• Linking GL Accounts - Material Accounting Tutorial: Shows how to link Materials to General Ledger Accounts so that the ledger updates automatically.
• Multi-Currency Setup Tutorials: Shows how to set up currencies, denominations, bank accounts, Customers, Suppliers and Entry Types for foreign currency.
• Multi-Currency Tutorial: Shows how to create Quotations, Customer Invoices and Supplier Invoices in a foreign currency.
• Payroll Transactions Tutorial: Shows how to enter payroll expenses and payroll payments, with or without confidentiality.
• Periodic Accounting Tutorial: Shows how to complete a month in periodic accounting, including accruals, prepayments and cost of sales transfers.
• Perpetual Inventory: Describes the Perpetual and Periodic models for inventory accounting and shows how to set up the Perpetual model.
• Recurring Transactions Tutorial: Shows how to flag transactions as recurring, create new ones from them and manage them.
• Update Read-Only Transactions Tutorial: Shows how to recognise read-only transactions and update them, including those protected by a password.
• User and General Account Settings Setup Tutorials: Shows how to set up the accounting and user settings, such as the financial year, Financial Close Off Date and ledger password.