Financials

View - Accounting - Financials

All accounting data is eventually accumulated in the Financials module. Even if daily entries are processed through other modules, all the information is updated to the Financials module. Period closure, VAT-period closure, Year-End and the start of a new Accounting Year are essential subject matters when all data has been gathered in the financial section.

Financial data can be viewed in seven different ways. The following buttons can be located in the left-hand margin. You can easily switch between them when it suits you:

Tip! Revenues in the Profit & Loss accounts are traditionally reported in negative figures (credit), as they are balanced against the equivalent increase in Assets, which are reported as positive figures (debit). However, this window allows you to change how the reports will show these figures if, for example, you do not want your revenues to be shown as negative figures. Select View - Settings and Accounting. Select the Accounting Settings tab and click on the Reports button.