Accounting

Choose the correct books

Accounting connects business activity to your financial records. Begin with the right workspace, currency, categories and bank accounts. Review linked sources before importing or synchronizing records so the same transaction is not entered twice.

Record a transaction carefully

This is the blank New Transaction form. Choose money in or money out, then confirm the date, category, description, amount and currency. Select the appropriate bank account, and attach supporting evidence. Payee, project, reference and notes make the entry easier to trace later.

Reconcile before reporting

Saving an accounting entry records information; it does not transfer money. Compare imported records with supporting statements, resolve duplicates, and reconcile before relying on reports. The course also covers recurring activity, loans, assets, journals and the audit trail. No financial entry is saved in this introduction.