Advanced financial management, after the bookkeeping.
What you will learn
- What full-set accounting adds on top of bookkeeping.
- How reconciliation, accruals and period control work.
- How financial statements and reports are produced.
Overview
Full-set Accounting handles everything after bookkeeping: budgeting, accruals and provisions, statement reconciliation, period control, adjustments and financial statement preparation, so the books are not just recorded but closed and analysed properly.
Features in this function
- Financial Calculators – tools to estimate values, interest and tax
- Statement Reconciliation – match transactions against bank statements
- Accruals and Provisions – spread and track allocated values
- Accounting Periods – open, manage and close periods
- Financial Reports – statements, explorer and management reports
Highlights
Prior period adjustment
Adjustments to prior periods are handled cleanly so closed books stay trustworthy while corrections are recorded.
Processes
Full-set accounting cycle
Entry, then finalize (accruals, reconcile, depreciate), then close the period, then reporting, then post-adjustment, the complete accounting cycle.