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Accounting & Bookkeeping

Getting Started with the Accounting Module

1 min read 151 words

Overview

Accounting Dashboard

The Accounting & Bookkeeping module gives KMMV a full double-entry accounting system built into the KMMV dashboard. It automatically converts invoices, payments, expenses, payslips, purchases and stock movements into accounting entries.

Step-by-step: first-time setup

  1. Open Accounting > Settings > General (https://dashboard.kmmvgroup.org/admin/accounting/setting?group=general).
  2. Set the First month of financial year. For India use April.
  3. Set the Accounting method: choose Accrual to record income when you raise an invoice, or Cash to record it when payment is received.
  4. Enable Account numbers if you want numbered ledgers (recommended).
  5. Save the settings.
  6. Go to Accounting > Chart of Accounts and confirm the default accounts have been created.
  7. Go to Accounting > Settings > Mapping Setup to turn on automatic conversion for invoices, payments and expenses.

Tip

Admins have full access automatically. Other staff need the Accounting permissions granted under Setup > Roles or on their staff profile.

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