ERPNext's Accounts module handles billing and payments through three main transaction types: Sales Invoices, Purchase Invoices, and Journal Entries. Sales Invoices are bills sent to customers that update receivables and income. Purchase Invoices are bills from suppliers that accrue expenses. Journal Entries record all other accounting transactions through debit and credit entries across multiple accounts balancing totals.
What is ERPNext?
● ERPNext is an Open Source ERP System
● Active project since 2010
● Used by more than 1000 companies in more than 100
countries
● Designed for small and medium-sized business.
● Covers accounting and finance, CRM, manufacturing,
payroll, inventory, and more
● Highly customizable and extendable
we are MIS students from King Faisal university (KFU)
we made this slideshow as a bonus to our project of our Enterprise Systems Management course. It briefly talks about some ERPNext features and steps. with the help with the course's professor Dr. Abdelnasser Abdelaal
ERPNext is an end-to-end business solution that helps you to manage all your business information in one application and use it to not only manage operations but also enables you to take informed decisions well in time to remain ahead of your competition. It forms a backbone of your business to add strength, transparency and control to your enterprise.
What is ERPNext?
● ERPNext is an Open Source ERP System
● Active project since 2010
● Used by more than 1000 companies in more than 100
countries
● Designed for small and medium-sized business.
● Covers accounting and finance, CRM, manufacturing,
payroll, inventory, and more
● Highly customizable and extendable
we are MIS students from King Faisal university (KFU)
we made this slideshow as a bonus to our project of our Enterprise Systems Management course. It briefly talks about some ERPNext features and steps. with the help with the course's professor Dr. Abdelnasser Abdelaal
ERPNext is an end-to-end business solution that helps you to manage all your business information in one application and use it to not only manage operations but also enables you to take informed decisions well in time to remain ahead of your competition. It forms a backbone of your business to add strength, transparency and control to your enterprise.
ERPNext is an Enterprise Reosurce Planning solution built on MariaDB database system using a Python based server-side frameworkbuilt on MariaDB database system using a Python based server-side framework
The P2P cycle is a necessary process that helps ensure the accuracy of financial data in Oracle Applications including the accounting entries & tables. Learn More!
THE BEST MANUFACTURING COMPANIES MANAGEMENT MODULE. ERPNext Manufacturing module helps you manage your manufacturing process right from procurement to shipping
finished goods.
ERPNext is an open-source business software for organizations of any size in various industries. It’s good for growing businesses that have limited resources and would benefit from scalability and strong customization.
It has all of the standard capabilities an organization could need, plus more advanced capabilities, such as a multilingual website builder that can manage content as well as e-commerce requirements. With built-in integrations available, users can sync with Google, Slack, PayPal, Shopify, Amazon and more to fully centralize their business operations.
It can be hosted on their servers or self-hosted by the user. It can deploy in the cloud or on-premises. It also has a mobile app, so users can access company data and complete tasks when they’re on-the-go.
42 Accounts Payable Interview Questions and AnswersRahat Kazmi
The Most Common 42 Accounts Payable Interview Questions: Please review these with Answers. If it helped you in anyway, please Like our pages and recommend us to your Network.
We designed a very effective Point-of-Sale module for retail outlets or supermarkets.
It runs in offline mode thus giving a better user experience.
It has hardware integration which allows integration with Cash box, printer, scanner, Weigh scale, vfd customer display.
It is fully integrated with the inventory app and accounting app.
It means that any transaction that you make with your the POS will automatically be input into your inventory management and accounting.
Oracle EBS ERP user group presentation. Originally presented in April 2007 at the COLLABORATE 07 conference in Las Vegas. Addresses EBS 11i but relevant to R12!
about this ERP - Accounts system
a short presentation about 3 sub modules and what
are the main features
It would be better if you create a demo database for you to test the system for Free on the same site erpnext.org and try the modules in action
, it is expected that you will be trained in other modules so you
can train users
international corporations
ERPNext is an Enterprise Reosurce Planning solution built on MariaDB database system using a Python based server-side frameworkbuilt on MariaDB database system using a Python based server-side framework
The P2P cycle is a necessary process that helps ensure the accuracy of financial data in Oracle Applications including the accounting entries & tables. Learn More!
THE BEST MANUFACTURING COMPANIES MANAGEMENT MODULE. ERPNext Manufacturing module helps you manage your manufacturing process right from procurement to shipping
finished goods.
ERPNext is an open-source business software for organizations of any size in various industries. It’s good for growing businesses that have limited resources and would benefit from scalability and strong customization.
It has all of the standard capabilities an organization could need, plus more advanced capabilities, such as a multilingual website builder that can manage content as well as e-commerce requirements. With built-in integrations available, users can sync with Google, Slack, PayPal, Shopify, Amazon and more to fully centralize their business operations.
It can be hosted on their servers or self-hosted by the user. It can deploy in the cloud or on-premises. It also has a mobile app, so users can access company data and complete tasks when they’re on-the-go.
42 Accounts Payable Interview Questions and AnswersRahat Kazmi
The Most Common 42 Accounts Payable Interview Questions: Please review these with Answers. If it helped you in anyway, please Like our pages and recommend us to your Network.
We designed a very effective Point-of-Sale module for retail outlets or supermarkets.
It runs in offline mode thus giving a better user experience.
It has hardware integration which allows integration with Cash box, printer, scanner, Weigh scale, vfd customer display.
It is fully integrated with the inventory app and accounting app.
It means that any transaction that you make with your the POS will automatically be input into your inventory management and accounting.
Oracle EBS ERP user group presentation. Originally presented in April 2007 at the COLLABORATE 07 conference in Las Vegas. Addresses EBS 11i but relevant to R12!
about this ERP - Accounts system
a short presentation about 3 sub modules and what
are the main features
It would be better if you create a demo database for you to test the system for Free on the same site erpnext.org and try the modules in action
, it is expected that you will be trained in other modules so you
can train users
international corporations
What is an invoice definition, meaning and more SalesBabuCRM
An invoice is a commercial document that itemizes and records the transaction of products or services between the seller and the buyer. An invoice is known as a professional way of asking for money. If the goods or services were purchased on credit, the invoice specifies the terms of the deal and provides the information on the available payment.
Automate your receivables, streamline your payables, put payroll tax and GST on autopilot, and get more time to monitor and manage cash flow. Full agenda at: http://www.leanteams.ca/quickbooksevent.html
Startup Economics, Finance and Accounting 101Dan Nelson
A quick look into some of the necessary finance, accounting and economic needs for early stage startups. It is a short survey, and there is more to come on this really interesting space.
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Complete overview of the odoo 13 invoicing processPlanetOdoo
Invoice is a list of things provided or work done together with their cost, for payment at a later time. In Odoo Invoices grant you to record the sale of a product for inventory control, accounting and tax purposes
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
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Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
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Cracking the Workplace Discipline Code Main.pptxWorkforce Group
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This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
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Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
2. What is ERPNexts ?
ERPNext is an end-to-end business solution that helps you to manage all
your business information in one application and use it to not only manage
operations but also enables you to take informed decisions well in time to remain a
head of your competition. It forms a backbone of your business to add strength,
transparency and control to your enterprise.
3. ERPNext will help you to:
•Track all Invoices and Payments.
•Know what quantity of which product is available in stock.
•Identify and track your key performance indicators (KPI's).
•Identify open customer queries.
•Manage payroll.
•Assign tasks and follow up on them.
•Maintain a database of all your customers, suppliers and their
contacts.
•Prepare quotes.
•Tracking your budgets and spending
•Determine effective selling price based on the actual raw material,
machinery and effort cost.
•Get reminders on maintenance schedules.
•Publish your website.
5. Accounts
At the end of sales and purchase cycle comes billing and payments. You
may have an accountant in your team, or you may be doing accounting
yourself, or you may have outsourced your accounting.
In all the cases financial accounting forms the core of any business
management system like an ERP
6. In ERPNext, your accounting operations consists of
3 main transactions:
The bills that you raise to
your Customers for the
products or services you
provide
Bills that your Suppliers
give you for their products
or services.
For accounting entries, like
payments, credit and other
types.
.
Sales Invoice Purchase Invoice Journal Entries
7. Sales Invoice
A Sales Invoice is a bill that you send to your customers, against which the cu
stomer processes the payment. Sales Invoice is an accounting transaction.
On submission of Sales Invoice, the system updates the receivable and books
income against a Customer Account.
You can create a Sales Invoice directly from
Accounts > Billing > Sales Invoice > New Sales Invoice
or you can Make a new Sales Invoice after you submit the Delivery Note.
8. Sales Invoice features
Accounting Impact
Accounting entries (GL Entry) for a typical double entry “Sale”
Dates
Automatically Fetching Item Batch Numbers
POS Invoices
Billing Timesheet with Project
"Pro Forma" Invoice
9. Purchase Invoice
Purchase Invoice is the exact opposite of your Sales Invoice. It is
the bill that your Supplier sends you for products or services deliv
ered. Here you accrue expenses to your Supplier. Making a Purc
hase Invoice is very similar to making a Purchase Order.
To make a new Purchase Invoice:
type "new purchase invoice" into the search bar then select "New
Purchase Invoice“ from the drop down
10. or click on “Make Purchase Invoice” in Purchase Order or Purchase Receipt.
You can also create a Purchase Invoice from:
Accounts > Billing > Purchase Invoice > New Purchase Invoice
11. Purchase Invoice features
Accounting Treatment When Is Paid is checked
Is purchase an “Expense” or an “Asset?
Deducting Taxes at Source
Hold Payments For A Purchase Invoice / Explicit
Hold , Date Span Hold
12. Journal Entry
All types of accounting entries other than Sales Invoice a
nd Purchase Invoice are made using the Journal Entry.
A Journal Entry is a standard accounting transaction that
affects multiple Accounts and the sum of debits is equal to
the sum of credits.
13. To create a Journal Entry go to:
Accounts > Company and Accounts > Journal Entry > New
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In a Journal Entry, you must select.
•Type of Voucher from the drop down.
•Add rows for the individual accounting entries. In ea
ch row, you must specify:
o The Account that will be affected
o The amount to Debit or Credit
o The Cost Center (if it is an Income or
Expense)
o Against Voucher: Link it to a voucher or
invoice if it affects the “outstanding” amount
of that invoice.
o Is Advance: Select “Yes” if you want to
make it selectable in an Invoice. Other
information in case it is a Bank Payment or
a bill.