Accounting and Finance

• CPAbooks Accounting
• The Accounting behind CPAbooks

Customer Invoice

• Create first customer invoice and register payment
• Set due date on the invoice
• Match payment against an invoice
• Setup cash discounts when customer pay before the due date
• Reset invoice number for every new financial year or change every month

Payment Terms

• Setup and use payment terms - 50% advance, balance in 30 days
• Define an installment plan on customer invoices (Use Payment terms)
• Warning message on credit limit reached and block further invoice when it cross limits

Payment and Followups

• Different ways to record a payment
• Track uncleared customer check in bank statement
• Create invoice, receive and register partial payment on invoice
• Automate customer follow-ups with plans
• Receive advance payment from customer and match against invoice later
• Print customer ledger
• Reconcile customer invoice vs vendor bill

Setup Accounting

• Setup Company Information, Bank Accounts and Fiscal Period
• Setup CPAbooks Accounting and Import opening balance

Taxes and Duties

• Create a new taxes
• Apply default taxes on products or sales order
• Manage withholding taxes, ledger and payment to government
• Define product prices for Business to Customer (tax included)
• Manage product prices for B2B (tax excluded) and B2C (tax included)
• Apply tax based on local or export sales

Credit Notes

• Reject customer invoice, which is not issued to customer
• Modify the confirmed customer invoice
• Refund a fully paid customer invoice
• Refund the partially paid invoice
• Setup the dedicated credit note or debit note sequence number

Bank and Cash

• Bank Reconciliation in CPAbooks
• Manage the bank reconciliation process
• Split payment into multiple, allocate to multiple invoices during reconciliation
• Import bank statement (ofx format) and quick bank reconciliation
• Show a check in customers statement, when it gets clear in bank but not when deposited
• Add check bounce charges to customers outstanding, when our bank charge penalty to us
• Transferring money from bank account to petty cash (Cash withdrawal)
• Manage batch deposits of checks
• Pay multiple employees salary through bank transit account (Bulk Salary Posting and Payment)

Multi Currency

• Prepare invoice in foreign currency
• Invoice and payment in foreign currency
• Foreign exchange gain or loss entry when invoice and payment in foreign currency

Vendor Bills and Payments

• Purchase order to vendor bill, payment through check
• Register cash sales and expense in account
• Pay vendor bills by check and print check from CPAbooks accounting
• Pay several vendor bills at once
• Register partial payment while paying to multiple vendor bills
• Forecast future vendor bills to pay
• Create single vendor bill from multiple purchase orders
• Manage advance payment, employee expenses and reconciliation

Analytic Accounting (Cost center)

• Compute the profitability for trading company
• Compute the profitability for service projects
• Profitability based on the service and material (Website development company)
• Compute the profitability for trading company, bulk purchase and retail sales

Manual Inventory Valuation (Anglo-Saxons)

• Compute the inventory valuation and cost of goods sold using standard costing
• Compute the inventory valuation and cost of goods sold using fifo costing method
• Compute the inventory valuation and cost of goods sold using average costing method

Automatic Inventory Valuation (Anglo-Saxons)

• Automatic cost of cost goods sold when using standard costing method
• Compute cost of goods sold for a kit product using real price costing
• Compute cost of goods sold for a kit product using standard costing method

Indian Localization

• Multiple tax included in price, i.e.Indian GST Tax
• Track tax deduction at source and certificate receivable, (customer invoice)
• Manage tax deduction at source, tax ledger, compute payable and pay through bank (vendor bill)
• Manage tax deduction at source (TDS) with accounting entries
• Adapt date format and currency separator according to Indian Localisation