Banking

➟ The Banking sub-module in ShadobooksERP Accounting feature allows users to manage their bank transactions within the software.

➟ It includes features such as connecting to bank accounts, automatically importing bank transactions, reconciling bank statements.

➟ With this, user can easily track and manage their bank transactions, which can help them to make better-informed decisions.

➟ Additionally, the it can help users automate their accounting processes and reduce errors, which can save them time and money.

Transactions

➟ The Transactions sub-module in ShadobooksERP Accounting feature includes, creating and managing invoices, vouchers, estimates, purchase orders, payslips and credit notes.

➟ It allows users to track and manage their payments, and apply credits to invoices.

➟ This feature also allows the user to generate reports on transactions, such as revenue, expenses, and outstanding invoices.

➟ It can also automate accounting tasks, save time and reduce errors.

Journal Entry

➟ The Journal Entry sub-module in ShadobooksERP Accounting feature enables users to record and manage their financial transactions in the form of journal entries.

➟ It enables users to record journal entries, including the ability to create and manage journal entries, record and track payments, debits and apply credits to invoices.

➟ It can also help to maintain the integrity of financial records and ensure compliance with accounting principles.

Transfer

➟ In ShadobooksERP, this feature allows the user to record financial transactions such as transferring money from one account to another.

➟ This will help users to keep track of their financial transactions and maintain the integrity of their financial records.

➟ Additionally, this feature can also be used to record inter-company transactions.

Chart of Accounts

➟ In ShadobooksERP the Chart of Accounts sub-module feature allows users to manage and organize their financial accounts.

➟ This includes creating and managing different types of accounts, such as income, expense, asset, liability, and equity accounts.

➟ This feature enables users to choose a ledger from the list of sub-ledgers

➟ It can also help to maintain the integrity of financial records and ensure compliance with accounting principles.

Reconcile

➟ The Reconcile module allows users to match their bank and credit card transactions with the corresponding entries in their ShadobooksERP.

➟ It helps users to quickly match transactions and make any necessary adjustments.

➟ Additionally, the module can help users to reconcile their transactions with their general ledger, ensuring that their financial statements are accurate.

Budget

➟ The module enables users to set financial goals for various departments or divisions within their company, and then track their actual financial performance against those goals.

➟ Users can create budgets for different time periods, such as monthly, quarterly, or annually, and can compare actual financial results with budgeted results in real-time.

➟The Utility module can be used to generate and maintain records of payments and other transactions that are associated with the Accounting module.

Setting

➟ In ShadobooksERP, this module allows users to configure and customize various aspects of the accounting module to suit their organization's specific needs.

➟ It enables users to set up their financial chart of accounts, define their tax codes, set up currency exchange rates, and more.

➟ The module also allows users to make changes to the functionalities of the accounting module, such as the default account type, transaction numbering, and the default date format.