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  1. User Manual
  2. Accounts

Accounts

Manage accounts, transactions and taxes easily

Introduction and Setting Up

Accounting Entries
Accounting entries are key source of information used to prepare, verify and/or audit of financial statements
Chart of Accounts
For every business organisation chart of accounts serves as backbone for recording financial transations
Branch Accounting
Every business location creates a new dimension in books of accounts in order to separate income, expenses, costs assets and liabilities

Journals and Payments

Journay Entry
A journal entry is a basic accounting entry that records financial affect in multiple accounts where debit amount and credit amount of all affected accounts are equal.
Journal Entry Template
As accoutants records financial transactions on daily basis and therefore we can create a predetermined template with selected options to boost working efficiency.
Payment Entry
Payment entry is recorded against sales invoices, sales orders, purchase invoices, purchase orders, expense claim, etc
Payment Request
Payment request is used to request payment against sales order or sales invoice
Advance Payment Entry
Sometimes or in certain business domains customer pay amount against products or services to be delivered or rendered in furture; for which advance payment is recorded against that customer

Billing and Pricing

Sales Invoice
Sales invoice is a bill of products or services which is served to customer. Upon submission, receivables are upated and income is recorded.
Purchase Invoice
Purchase invoice is a bill of prouducts or services that a business organisation buy form supplier. Upon submission, payables are upated.
Point of Sales
Point of Sales (POS) is process where delivery of goods, accrual of sales and coresponding payment all done in one single transaction.
Credit Note
A credit note is document which is sent to the customer notifying that a credit is recorded in their account against return or goods or otherwise.
Debit Note
A debit note is a document sent by a buyer to a seller notifying that a debit is recorded in their account against return of goods or otherwise.
Pricing Rule
Pricing rule is a master where you can define rules based on which discount is applied to a specific customer or supplier.

Tools

Bank Reconciliation
Bank reconciliation explains difference on a specific date between the bank balance shown in books of accounts and the actual coresponding bank statemnet
Payment Reconciliation
Payment reconcilation serves as a tool to confirm whether the money leaving an account mactches the amount that is been spent and ensure that two are balanced at the end of the recording period.
Accounting Reports
Accounts module has multiple built-in reports e.g Profit or Loss Statement, Balance Sheet, Cash Flow Statement, etc.

Advanced Accounting

Multi Currency Accounting
Record accounting entries in multiple currencies, maintain bank accounts in foreign currency and make transactions in that currency.
Deferred Revenue
Deferred revenue is an advance payment, which is related to more than one accounting period, a business receives against products or services which will be delivered in more than one accounting period.
Subscription
Often services are rendered on monthly basis against fixed service charges, subscription feature auto-create Sales Invoices for the customer against which subscription plan is created.
Invoice Discounting
Invoice discounting is a practice of using business's unpaid sales invoices as collateral for obtaining a short-term loan from a scheduled or finance bank.
Shareholder
Matrix® keeps track of all shareholders and maintains share register, share transfer, share ledger and share balances.

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