Get more details on the accounts module in Accoxi.
Accoxi is a GST accounting software in which you can record, audit, and analyze all financial transactions easily. In this section, you’ll learn how Accoxi, an online accounting software who enables the user to access all kinds of business transaction details in an organization. Accoxi enables the user to record all kinds of business transactions that are involved in the firm.
Accoxi enables the user to record all kinds of business transactions that are involved in the firm. Search Accounts form under the Accounts module, provides the complete details of transactions involved in the business. t shows various types of transactions include Sales invoices, Purchase invoices, Credit notes, Bills, Customer payment, Supplier payment, Contra, Receipt, Payment, etc.
In Accoxi, a General ledger is a means for keeping a record of a company's total financial accounts. Accounts typically recorded in a general ledger include: assets, liabilities, equity, expenses, and income or revenue.
Receipts in ACCOXI deals with a minute amount of receipts to the business. The huge amounts from the customers are normally entered in the sales module => payments received.
Payment is the transfer of money or goods and services in exchange for a product or service... Payments in ACCOXI deals with a small amount of Payments to the business. The huge amounts from the suppliers are normally entered in the purchase module => payments made.
A journal is a detailed account that records all the business's financial transactions, to be used for future reconciling of and transfer to other official accounting records, such as the general ledger. The form Journal is included in Accoxi under the Accounts module.
A salary is a form of payment from an employer to an employee, which may be specified in an employment contract. In Accoxi, a separate form is maintained to enter salary transactions. It enables the user to create a new payment, record and can search previous Salary payment details.
Deposit accounts can be savings accounts, current accounts or any of several other types of accounts explained below. The bank deposit in ACCOXI functions for entering deposits in the bank.
Bank withdrawal means withdrawal of money from your bank account at a bank. In Accoxi the user can record the bank transactions like bank deposits and withdrawals. It helps the user to handle banking and business activities more effectively.
In Accoxi, the user can record bank transactions like banking transfers, deposits, and withdrawals. It helps the user to handle banking and business activities more efficiently or quickly.
Accoxi provides a Bank Reconciliation system and it helps the user ascertain the differences between the passbook and company book and book changes to the accounting records as appropriate.
Accoxi is the most modern accounting software that provides easy and deliberate results for accounting. It provides the form of Account Group and users can configure the Account group format of the Organization in it.
Accoxi is the most modern accounting software that provides easy and deliberate results for accounting. It provides a separate form for managing Ledger and users can create or manage Ledger accounts of the Organization.
Accoxi is the most modern accounting software that provides easy and deliberate results for accounting. It provides the form of Opening Balance and the user can manage the opening balance of the Organization in it.
GSTR-1 In Accoxi enables the user to generate GST returns so easily. It will be generated automatically based on the sales that he made to GST Registered Persons.
GSTR-2A enables automatic generation of GST return based on their purchase, which is from registered and unregistered suppliers, and also it shows the details of available ITC.
GSTR-3B is a self-declared summary GST return filed every month (quarterly for QRMP scheme). It must be filed by a registered taxpayer from July 2017 onwards.
GSTR- 2A RECONCILIATION
In ACCOXI users can use the GSTR 2A reconciliation form to compare and reconcile the GSTR 2A data. This will ensure no ITC loss on any invoices and to avoid any duplication, taxpayers must consolidate and reconcile the values. This will ensure the correct declaration and maximize the credit of input taxes.