Accounting
Bookkeeping, starting balances, and bank statements
How do I create a budget and compare it with actual spending?
Compare the budget you planned with actual amounts recorded in the same account, month, and currency.
How do I import a bank statement for reconciliation?
Import the statement as bank evidence, then match its rows to the transactions already in your books.
How do I match a bank statement line to an existing payment?
Match money already recorded through an invoice or bill instead of adding another receipt or cost.
How do I create a bank rule to suggest categories?
Use bank rules to suggest categories for new entries from unmatched statement lines. Match payments already in your books separately.
How do I resolve unmatched bank entries and duplicate statement imports?
An unmatched row needs a real explanation. A duplicate statement warning needs a check of the existing import.
How do I close or reopen a bank reconciliation period?
Close a bank reconciliation only after the statement and recorded transactions agree.
How do I enter opening balances from another system?
Agree a starting date and decide which history you are bringing across before posting balances.
How do I add an account to my chart of accounts?
Keep account names clear and preserve the history attached to them.
How do I choose the right account from my chart of accounts?
Choose an account that describes the transaction you are recording.
How do I enter customer opening balances and credits?
Record a customer’s starting debt or credit without creating a new sale.
Tax, currencies, and electronic invoicing
How do I prepare quarterly GST or composition-scheme workpapers?
Choose the workspace that matches the business’s reviewed scheme and filing frequency.
How do I review tax deducted by customers and tax collected on sales?
Use the report that matches whether tax was deducted by a customer or collected on a sale.
How do I review reverse-charge documents and GST advances?
Review reverse-charge purchases and advances in their own GST workpapers.
How do I prepare e-invoice or e-way bill files and check their status?
Invoice Crowd can prepare the offered India files for you to upload to the appropriate portal.
How do I review Peppol history and resolve a rejected invoice?
Use the recorded transmission status to decide the next step.
How do I set up Peppol and prepare an electronic invoice?
Choose file exchange or the offered connected-delivery option for the business.
How do I import a supplier's electronic invoice as a bill?
Import a supplier’s UBL file as a draft bill, then review it before posting or paying.
How do I create a tax rate and apply it to a line item?
Use a saved tax rate for the lines that need it.
How do I check tax-inclusive prices, discounts, and rounding?
Check whether the entered price already includes tax before adjusting the total.
How do I invoice in another currency and check the exchange rate?
Select the document currency before saving and review its accounting conversion.