Locolizebook is cloud-based smart accounting software that takes care of all your accounting needs. To fully understand how Locolizebook works, go through the functions below in the given order.

Accessing Localizebook

To access Localizebook, you’ll have to sign up for the free 30-day trial period, during which you can test the product for free. The free trial of Localizebook contains all the features in the full version of the software. If you are already a registered user, then you can directly log in to Localizebook.

Plans

After your free trial expires, you can subscribe to any one of the paid plans to continue using Localizebook.

Dashboard

The dashboard will give you a clear picture of your company’s finances. It gives you an overview of the total purchase, total payables, total bill payment, total invoice, total receivable, total collection, profit or loss, top sale, and quantity reorder.

Migrating from another software

If you are migrating from another software to Localizebook, you would need to import various menus such as the chart of accounts, items, customers, vendors, sales, and purchase transactions.

Items

Items are the goods or services in your business. Create or import items and price lists into Localizebook.

Vendors

Create vendors in Localizebook to create various purchase transactions for them.

Create different purchase transactions for your vendors, such as:

1. Create NewVendors
2. PurchaseOrder(P.O)
3. Purchase Receive (GRN)
4. Purchase(Bill)
5. Purchase Return (PRT)
6. Payment(VDP)
7. Cash Expense (EXP)

Customers

Create your customers in Localizebook to create various sales transactions for them. Receiving payments for all the invoices will mark them as paid. You can track all the payments received in different accounts and also record partial payments for invoices.

Create different sales transactions for your customers, such as:

1. Create New Customers
2. SaleOrder(S.O)
3. SaleDelivery(GDN)
4. Invoice
5. SaleReturn(SRT)
6. Collection(CMP)
7. SaleReceipt

Accounting

The Accounting menu takes care of all accounting-related aspects of Localizebook.

This function consists of:

1. Chart of Accounts
2. Banking
3. Journal Entry
4. Bank Deposit
5. LandedCostAllocation
6. FindTransaction
7. BatchTransaction
8. Import

Reports

The Reports menu in Localizebook includes reports related to your business, financial reports, and management reports.

Settings

Configure the general and specific menu settings of your business. You can configure the default account, users & roles, templates, exchange rate, payment method, closing transaction or closing period, active functions, ect. The function that you activate currently shows up in the Accounting menu.

Getting to Know Localizebook

This is designed to help you understand how to use Localizebook:

1. Dashboard – Gives an overview of your company’s total receivables & payables, top sales, and a lot more.
2. Menu – You can record expenses, bills, etc. on the vendor menu, and sales, collections, etc. on the customer menu, among other things.
3. Brand Selector – You can easily switch your business branches and manage data for each location individually.
4. Business Name – Allows you to switch between and manage your multiple businesses in Localizebook.
5. Settings – Lets you access the settings section, where you can configure and customize Localizebook for your business.
6. Notifications – Notifies you of what’s happening when you use the functions import and batch transaction.
7. Language – Allows you to switch and manage your language in the system Localizebook.
8. Quick Create – Instantly create transactions with a single function used in Localizebook.