Accounting System

An accounting systemClosed The system used to manage the income, expenses, and other financial activities of a business.represents the system used for collecting and organizing the financial data. For each legal entity there is a corresponding system. An entity can have more accounting systems.

Creating Accounting Systems

  1. In FintechOS Portal, click the main menu > General Ledger Configurations > Accounting System menu item to open the Accounting Systems List page.

  2. Click the Insert button to create an accounting system. The Add Accounting System page opens.

  3. Fill in the following fields:

    • Code: Enter the code of the accounting system.

    • Name: Enter the official name of the accounting system.

    • Accounting Reference Currency: It contains every currency possible with its code and symbol. Select the currency for this specific system.

  4. Click the Save and reload button. The Accounting Chart section is displayed.

 

Store data about the account in the Accounting Chart section.

  1. To add a new transaction item accounting configuration, click the Insert button under the Accounting Chart section. The Accounting Chart page opens.

  2. Fill in the following fields:

    • Accounting System: Select the accounting system of the chartClosed An index of all the financial accounts in the general ledger of a company. .

    • Account Code: Enter the code of the account.

    • reportingCode: Enter the code of the reporting.

    • Type: Select the account type. The following options are available: Assets, Expenses, Revenues, Liabilities or Others.

    • Balance Type: Select the account balance type. The following options are available: BalanceSheet, P&L or OffBalanceSheet.

    • Reporting Group Name: Enter the name of the reporting group.

    • Name: Enter the name of the account.

  3. Click the Save and close button.

    You can add, delete, or export accounting charts.