Accounting and Bookkeeping plugin for RISE CRM

Description

Note This is a plugin for RISE Ultimate Project Manager CRM Not a standalone script Brief description Accounting is the process of recording and tracking financial statements to see the financial health of an entity This is done by inputting sorting measuring and then communicating transactions in various formats Accounting consists of bookkeeping and analysis Bookkeeping or financial accounting consists of recording transactions which can include purchases sales and receipts of an individual or an organization Once the bookkeeper records and organizes all of the transactions the next step of accounting is to analyze these transactions into helpful reports which will show the state of one s finances These reports can include profit loss statements cash flow reports and can track sales tax to keep a close eye on what is owed come tax time With small business accounting done right small business owner will be able to have a clear understanding of the state of your finances so you can make better decisions based on what you have available The benefits of a Accounting Bookkeeping module Using this module helps in relieving the burden of manual data entry prevents common human errors helps businesses and accountants when tax time comes around and allows the user to look at in-depth reports of how their business finances are faring Perhaps the biggest advantage of this module is all of the time it will save With this module all of their financial reports will be consolidated into one online system making it easier to keep track of their records An accounting module for businesses offers the ability to automate many processes which will not only save time but will also ensure accuracy and efficiency with one s financial reports Module Features Dashboard Profit Loss Chart Income Chart Expense Chart Cashflow Chart and Bank Accounts Overview Banking Banking Register Posted Bank Transaction Reconcile Bank Account Import Bank Transacions Transactions Mapping Bank Statements to Accounting Mapping Invoices to Accounting Mapping Payments to Accounting Mapping Expenses to Accounting Item Mapping Setup Expense Category Mapping Setup Tax Mapping Setup Purchasing Mapping Setup Inventory Mapping Setup Banking Rules to automatically categorize transactions Journal Entry to record transactions in the general ledger Transfer to transfers of amounts between accounts Chart of Accounts is a list of the account numbers and names relevant to your company Typically a chart of accounts will have four categories Asset accounts Liability accounts Income accounts and Expense accounts Reconcile is the process of matching transactions entered into module against your bank or credit card statements Budgets Management supports preparing budgets which help you monitor track and compare expected income and expenses with actual income and expenses When you prepare a budget you typically prepare it for a fiscal year and you can opt to supply budget amounts or use historical amounts Business Overview Reports Balance Sheet Comparison what you own assets what you owe liabilities and what you invested equity compared to last year Balance Sheet Detail a detailed view of what you own assets what you owe liabilities and what you invested equity Balance Sheet Summary a summary of what you own assets what you owe liabilities and what you invested equity Balance Sheet what you own assets what you owe liabilities and what you invested equity Custom Summary Report a report you build from scratch With more options to customise Profit and Loss as of total income your expenses as a percentage of your total income Profit and Loss Comparison your income expenses and net income profit or loss compared to last year Profit and Loss Detail profit and Loss Detail Profit and Loss year-to-date comparison your income expenses and net income profit or loss compared to this year so far Profit and Loss your income expenses and net income profit or loss Also called an income statement Statement of Cash Flows cash flowing in and out from sales and expenses operating activities investments and financing Statement of Changes in Equity statement of changes in equity Bookkeeping Reports Account list the name type and balance for each account in your chart of accounts Balance Sheet Comparison what you own assets what you owe liabilities and what you invested equity compared to last year Balance Sheet what you own assets what you owe liabilities and what you invested equity General Ledger the beginning balance transactions and total for each account in your chart of accounts Journal the debits and credits for each transaction listed by date Profit and Loss Comparison your income expenses and net income profit or loss compared to last year Profit and Loss your income expenses and net income profit or loss Also called an income statement Account history account history Recent Transactions Transactions you created or edited in the last 4 days Statement of Cash Flows cash flowing in and out from sales and expenses operating activities investments and financing Transaction Detail by Account transactions and total for each account in your chart of accounts Transaction List by Date A list of all your transactions ordered by date Trial Balance this report summarises the debit and credit balances of each account on your chart of accounts during a period of time Sales Tax Reports Tax Detail Report This report lists the transactions that are included in each box on the tax return The report is based on accrual accounting unless you changed your tax reporting preference to cash basis Tax Liability Report How much sales tax you ve collected and how much you owe to tax agencies Tax Summary Report This report shows you the summary information for each box of the tax return The report is based on accrual accounting unless you changed your tax reporting preference to cash basis Sales and Customers Reports Deposit Detail your deposits with the date customer or supplier and amount Income by Customer Summary your income minus your expenses net income for each customer Expenses and Suppliers Reports Cheque Detail The checks you ve written with the date payee and amount Budgets Reports Budget overview this report summarises your budgeted account balances Profit and Loss Budget vs Actual this report shows how well you are meeting your budget For each type of account the report compares your budgeted amounts to your actual amounts Profit and loss budget performance this report compares actual amounts to budgeted amounts for the month the fiscal year to date and the annual budget Accounts Aging Reports Accounts Receivable Aging Summary unpaid balances for each customer grouped by days past due Accounts Receivable Aging Detail unpaid invoices grouped by days past due Accounts Payable Aging Summary the total amount of your unpaid bills grouped by days past due Accounts Payable Aging Detail your unpaid bills grouped by days past due Banking Reports Bank Reconciliation Summary Bank Reconciliation Detail Settings General Account Detail Types Management Plaid API Setup Demo Accounting Bookkeeping Demo Set-up Included documentation will help you upload and activate the plugin inside RISE Ultimate Project Manager CRM if you are not aware on how to do it Support Our support team is always around to help Feel free to raise a support ticket Guys from support department will get back to you as soon as possible with a reply guiding you through any issues Changelog Version 1 0 0 2022-09-09 Initial version