Accounting System

An accounting system 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.