Accounts Setup
Chart of accounts, voucher numbering and opening balances.
Overview
Accounts Setup is the financial foundation of the installation. Define the chart of accounts, the voucher series, the opening trial balance and the financial year — this work is largely one-time at go-live, with light upkeep thereafter.
Chart of Accounts
Defines ledger groups and ledger accounts under the standard Indian layout (Assets / Liabilities / Income / Expenses). Edit cautiously after go-live — deleting a group with postings is blocked; merging is the safer remedy.
Voucher Series
Numbering format per voucher type, per location, per financial year — e.g. INV/24-25/0001. Multiple series per type are allowed when you need separate counters for branches or counters.
Opening Balances
One-time entry of opening trial balance at go-live. Allowed only inside the company's opening period and locked once the first transaction posts in the financial year.
Financial Year
Defines the FY (start and end dates) and the closing rules. Year-end closure carries P&L into Reserves & Surplus and opens the next year with carried-forward balance-sheet items.
Year-End Closure
Step-wise wizard that locks the closing year, posts the year-end JV, regenerates Final Accounts and opens the new financial year. Always preceded by a full backup and trial-balance sign-off.