Accounting And Bookkeeping Plugin For RISE CRM

Accounting and Bookkeeping plugin for RISE CRM

Note: This is a plugin for
RISE – Ultimate Project Manager & CRM. Not a standalone script.

Brief description

Accounting is the method of recording and monitoring monetary statements to see the monetary well being of an entity. This is completed by inputting, sorting, measuring, and then speaking transactions in varied codecs. Accounting consists of bookkeeping and evaluation. Bookkeeping, or monetary accounting, consists of recording transactions, which might embrace purchases, gross sales, and receipts of a person or a corporation. Once the bookkeeper information and organizes all the transactions, the following step of accounting is to investigate these transactions into useful studies which can present the state of 1’s funds. These studies can embrace revenue/loss statements, money circulate studies, and can monitor gross sales tax to maintain a detailed eye on what’s owed come tax time. With small enterprise accounting finished proper, small enterprise proprietor will have the ability to have a transparent understanding of the state of your funds so you may make higher selections based mostly on what you’ve gotten obtainable.

The advantages of a Accounting & Bookkeeping module

Using this module helps in relieving the burden of handbook knowledge entry, prevents widespread human errors, helps companies and accountants when tax time comes round and permits the consumer to take a look at in-depth studies of how their enterprise’ funds are faring. Perhaps the largest benefit of this module is all the time it would save. With this module, all of their monetary studies might be consolidated into one on-line system, making it simpler to maintain monitor of their information. An accounting module for companies affords the flexibility to automate many processes which is not going to solely save time however may even guarantee accuracy and effectivity with one’s monetary studies.

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 mechanically categorize transactions
Journal Entry: to report transactions within the basic ledger
Transfer: to transfers of quantities between accounts
Chart of Accounts: is a listing of the account numbers and names related to your organization. Typically, a chart of accounts could have 4 classes (Asset accounts, Liability accounts, Income accounts and Expense accounts).
Reconcile: is the method of matching transactions entered into module in opposition to your financial institution or bank card statements
Budgets Management: helps getting ready budgets, which enable you to monitor, monitor, and examine anticipated revenue and bills with precise revenue and bills. When you put together a price range, you sometimes put together it for a fiscal 12 months, and you possibly can choose to provide price range quantities or use historic quantities
Business Overview Reports:
- Balance Sheet Comparison: what you personal (belongings), what you owe (liabilities), and what you invested (fairness) in comparison with final 12 months.
- Balance Sheet Detail: an in depth view of what you personal (belongings), what you owe (liabilities), and what you invested (fairness).
- Balance Sheet Summary: a abstract of what you personal (belongings), what you owe (liabilities), and what you invested (fairness).
- Balance Sheet: what you personal (belongings), what you owe (liabilities), and what you invested (fairness).
- Custom Summary Report: a report you construct from scratch. With extra choices to customize.
- Profit and Loss as % of whole revenue: your bills as a proportion of your whole revenue.
- Profit and Loss Comparison: your revenue, bills, and web revenue (revenue or loss) in comparison with final 12 months.
- Profit and Loss Detail: revenue and Loss Detail
- Profit and Loss year-to-date comparability: your revenue, bills, and web revenue (revenue or loss) in comparison with this 12 months up to now.
- Profit and Loss: your revenue, bills, and web revenue (revenue or loss). Also known as an revenue assertion.
- Statement of Cash Flows: money flowing in and out from gross sales and bills (working actions), investments, and financing.
- Statement of Changes in Equity: assertion of modifications in fairness.
Bookkeeping Reports:
- Account record: the identify, kind, and stability for every account in your chart of accounts.
- Balance Sheet Comparison: what you personal (belongings), what you owe (liabilities), and what you invested (fairness) in comparison with final 12 months.
- Balance Sheet: what you personal (belongings), what you owe (liabilities), and what you invested (fairness).
- General Ledger: the start stability, transactions, and whole for every account in your chart of accounts.
- Journal: the debits and credit for every transaction, listed by date.
- Profit and Loss Comparison: your revenue, bills, and web revenue (revenue or loss) in comparison with final 12 months.
- Profit and Loss: your revenue, bills, and web revenue (revenue or loss). Also known as an revenue assertion.
- Account historical past: account historical past
- Recent Transactions: Transactions you created or edited within the final 4 days.
- Statement of Cash Flows: money flowing in and out from gross sales and bills (working actions), investments, and financing.
- Transaction Detail by Account: transactions and whole for every account in your chart of accounts.
- Transaction List by Date: A listing of all of your transactions, ordered by date.
- Trial Balance: this report summarises the debit and credit score balances of every account in your chart of accounts throughout a time frame.
Sales Tax Reports:
- Tax Detail Report: This report lists the transactions which are included in every field on the tax return. The report relies on accrual accounting until you modified your tax reporting choice to money foundation.
- Tax Liability Report: How a lot gross sales tax you’ve collected and how a lot you owe to tax companies.
- Tax Summary Report: This report reveals you the abstract data for every field of the tax return. The report relies on accrual accounting until you modified your tax reporting choice to money foundation.
Sales and Customers Reports:
- Deposit Detail: your deposits, with the date, buyer or provider, and quantity.
- Income by Customer Summary: your revenue minus your bills (web revenue) for every buyer.
Expenses and Suppliers Reports:
- Cheque Detail: The checks you’ve written, with the date, payee, and quantity.
Budgets Reports:
- Budget overview: this report summarises your budgeted account balances.
- Profit and Loss Budget vs Actual: this report reveals how nicely you’re assembly your price range. For every kind of account, the report compares your budgeted quantities to your precise quantities.
- Profit and loss price range efficiency: this report compares precise quantities to budgeted quantities for the month, the fiscal 12 months thus far, and the annual price range.
Accounts Aging Reports:
- Accounts Receivable Aging Summary: unpaid balances for every buyer, grouped by days overdue.
- Accounts Receivable Aging Detail: unpaid invoices, grouped by days overdue.
- Accounts Payable Aging Summary: the whole quantity of your unpaid payments, grouped by days overdue.
- Accounts Payable Aging Detail: your unpaid payments, grouped by days overdue.
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 enable you to add and activate the plugin inside RISE – Ultimate Project Manager & CRM, if you’re not conscious on learn how to do it.

Support

Our assist group is at all times round to assist. Feel free to lift a assist ticket.
Guys from assist division will get again to you as quickly as attainable with a reply, guiding you thru any points.