Learn the concept
This is the step-by-step. For what it is and how it fits the bigger picture, read Finance in the reference.
This is the step-by-step. For what it is and how it fits the bigger picture, read Finance in the reference.
What this is
Finance is where all your money activity lives, and where every other module posts to automatically. Open it from Menu > Finance. Here is the lay of the land.
The four areas
- Daily transactions. Receive Payment, Issue Payment, Bill Payment, Fund Transfer and Journal Entry, plus Reimbursement, Customer Deposit and Vendor Prepayment where enabled.
- Explorer. Your live financial statements: Trial Balance, Profit and Loss, Balance Sheet, Cashflow, General Ledger and Subledger.
- Accounting Processes. Posting Review, Reconciliation, Period Management and E-Invoice Documents.
- Settings. Chart of Accounts, Cash and Bank Accounts, Taxes, E-Invoice, Currencies and Default Settings.
How it fits together
Every confirmed document across Cloudby posts to Finance in real time, so your statements are always current. You rarely post to Finance by hand. It reflects what the rest of the business is doing.
Where to start
If you are setting up, work through Settings first: Chart of Accounts, then Cash and Bank Accounts, Taxes, e-Invoice and Currencies. For daily work, use the transaction screens.
Related
- Set up your Chart of Accounts
- How documents work