Accounting and Bookkeeping plugin for RISE CRM

Description

Accounting and Bookkeeping plugin for RISE CRM

Accounting and Bookkeeping plugin for RISE CRM is the process of recording and tracking financial statements to see the financial health of an entity. This is done by inputting, sorting, measuring, and then communicating transactions in various formats. Accounting consists of bookkeeping and analysis. Bookkeeping, or financial accounting, consists of recording transactions, which can include purchases, sales, and receipts of an individual or an organization. Once the bookkeeper records and organizes all of the transactions, the next step of accounting is to analyze these transactions into helpful reports which will show the state of one’s finances. These reports can include profit/loss statements, cash flow reports, and can track sales tax to keep a close eye on what is owed come tax time. With small business accounting done right, small business owner will be able to have a clear understanding of the state of your finances so you can make better decisions based on what you have available.

Module Features

1. Dashboard: Profit & Loss Chart, Income Chart, Expense Chart, Cashflow Chart and Bank Accounts Overview
2. Banking:
   • Banking Register
   • Posted Bank Transaction
   • Reconcile Bank Account
   • Import Bank Transacions
3. Transactions:
   • Mapping Bank Statements to Accounting
   • Mapping Invoices to Accounting
   • Mapping Payments to Accounting
   • Mapping Expenses to Accounting
4. Item Mapping Setup
5. Expense Category Mapping Setup
6. Tax Mapping Setup
7. Purchasing Mapping Setup
8. Inventory Mapping Setup
9. Banking Rules: to automatically categorize transactions
10. Journal Entry: to record transactions in the general ledger
11. Transfer: to transfers of amounts between accounts
12. Chart of Accounts: is a list of the account numbers and names relevant to your company. Typically, a chart of accounts will have four categories (Asset accounts, Liability accounts, Income accounts and Expense accounts).
13. Reconcile: is the process of matching transactions entered into module against your bank or credit card statements
14. Budgets Management: supports preparing budgets, which help you monitor, track, and compare expected income and expenses with actual income and expenses. When you prepare a budget, you typically prepare it for a fiscal year, and you can opt to supply budget amounts or use historical amounts
    • ng a period of time.