The Accounting module allows you to track your income and expenses in one place, so you can easily produce the necessary documents at tax time. Easily import your bank and credit card transactions, and C-Finance will categorise them for you.
Chart of Accounts
Classify a wide range of accounts into different types such as Income, Expense, Equity, Liability & Assets. You can also add additional accounts that will be reflected in the chart of accounts.
Use journals to work directly with the general ledger to create both debit and credit entries for unique financial transactions. The journal entries are recorded in chronological order. You can create Sales Journals, Purchase Journals, Cash Disbursement Journals, and Cash Receipt Journals.
Creating multiple journal entries can be quite monotonous. C-Finance offers Journal Templates that allow you to pre-populate the note, journal type, account, reference number, project name, currency, and tax.
Using bulk update, you can filter multiple transactions such as credit notes, purchase orders, expenses, bills, and vendor credits and update the accounts that are associated with them.
Freeze your transactions for a specified period, such as during the end of your accounting period. Once you lock your transactions, you can’t add, modify, or delete the transactions recorded before a specified date. You can lock the transactions of individual modules or all transactions at once.
When transacting with customers dealing in foreign currencies, there’s a risk due to the fluctuation of exchange rates on a daily basis. In C-Finance, you can have an insight into the profit or loss incurred due to the change in exchange rates.