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Accounting Essentials

To get you started with accounting, we've put together a flexible series of guided steps. Feel free to choose the ones that best suit your needs.

Complete Your Accounting Settings​

Your Accounting settings

  1. Select Accounting Settings via the left menu gear icon
  2. Set your fiscal year end date
  3. Choose accrual or cash accounting method
  4. Review default income accounts

Learn more about Accounting settings

Take a guided tour - 👀

Get to Know your Chart of Accounts​

Your Chart of Accounts

  1. Select Accounting > Chart of Accounts via the left menu
  2. Customize your accounts if needed
  3. Create, archive, and add descriptions to accounts

Learn more about Chart of Accounts

Take a guided tour - 👀

Connect Your Bank​

Your Banking

  1. Select Banking via the left menu
  2. Choose from the following options:

Learn more about Bank integrations

Take a guided tour - 👀

Import Your Bank Data​

tip

Before manually importing your bank data, you’ll need to create the ledger accounts where the data will be imported.

Follow our tutorial on Creating Bank Ledger Accounts.

Whenever possible, connect your bank for automatic data import.

Learn more about Bank Integrations.

Take a guided tour - 👀

Create a Journal Entry​

Your Chart of Accounts

  1. Select Accounting > Chart of Accounts via the left menu
  2. Select Assets > Cash & Cash Equivalents
  3. Choose Cash on Hand or Bank Account
  4. Select OUT to create a new credit or IN for a debit
  5. Enter an amount, name, and description, then save
  6. You have now created a journal entry
  7. View it in your Reports
Take a guided tour - 👀

View Your Reports​

Your Accounting Reports

  1. Select Accounting > Reports via the left menu
  2. Select Profit & Loss
  3. Toggle between Summary and Detail views
  4. Explore other available reports

Learn more about Accounting Reports

Take a guided tour - 👀

What's Next​

Team Management
Invite your accountant

Invite your accountant

Adding your accountant(s) is free and can help you manage your books more efficiently.

Team Management
Invite your team members

Invite your team members

Invite team members and assign the appropriate permissions to help manage your business.