The Accounting module provides the tools you need to manage your business's financial records in LocalizeBook. You can maintain your chart of accounts, manage banking transactions, record journal entries, allocate landed costs, import accounting data, and perform other accounting-related tasks.
The Accounting module includes the following functions:
- Chart of Accounts – Create and manage your company's chart of accounts.
- Banking – Record and manage bank-related transactions.
- Journal Entry – Create manual journal entries to record or adjust accounting transactions.
- Bank Deposit – Record deposits received into your bank account.
- Landed Cost Allocation – Allocate additional costs, such as freight or import charges, to inventory items.
- Find Transaction – Search for accounting transactions using available search criteria.
- Batch Transaction – Import or create multiple accounting transactions in a single process.
- Import – Import accounting data using the provided Excel templates.
- Bulk Update – Update multiple accounting records simultaneously.
Note: The functions you enable in Settings become available in the Accounting menu. Related accounting reports are available under Report > Company & Finance Report.