How to Track Business Finances
Set up accounts, record daily money movements, and review profit & loss.
Goal: Cash/bank accounts configured, expenses and income recorded, and financial reports available.
Accounting Sales Reports
NoteSales and purchase payments flow into your business automatically. Accounting modules track additional cash movements (expenses, deposits, transfers).
Phase 1 · Setup accounts & categories
- Accounts — Accounting → List Accounts: create Cash, Bank, etc.
- Expense Categories — Accounting → Expense Category.
- Deposit Categories — Accounting → Deposit Category.
Phase 2 · Record daily transactions
- Expenses — Record rent, utilities, salaries not via payroll, etc.
- Deposits — Record other income, owner investments.
- Transfer Money — Move funds between cash and bank accounts.
- Sales/Purchase payments — Recorded when you add payments on sales/purchases (separate modules).
Phase 3 · Review financial reports
- Profit & Loss — Reports → Profit and Loss (Sidebar → Reports → Profit and Loss).
- Expenses Report — Breakdown by category.
- Payment Reports — Sales and purchase payment history.
- Dashboard — Today Income, Expenses, Profit widgets.
Verify success
- Account balances reflect transactions
- P&L shows income vs expenses for selected period
- Dashboard financial widgets update daily