Accounting Definitions
Accounting definitions are of vital importance for the business to manage its financial data accurately, consistently and transparently. These definitions not only meet legal requirements, but also provide business management with a reliable basis for making financial decisions. Accounting is not only a system where responsibilities towards the state are fulfilled. With a healthy accounting system, reports can be produced that will guide many decisions regarding cost, marketing, sales and distribution.
In the transactions carried out in Workcube; When selecting the transaction category, all monetary transactions set to "Perform accounting transactions" are automatically recorded in accounting transactions. It performs the recording process through accounting codes, and the charts of accounts made accordingly and the connections of these charts of accounts ensure the accuracy of the records. Accounting transactions work simultaneously with 3 currencies, as in all FA transactions.
Module Functions
- Chart of Accounts
- Voucher Numbers
- Edit Voucher Numbers
- Reflection Accounts Closing Definitions
- Income Statement Closing Definitions
- Balance Sheet Form Definitions
- Income Statement Form Definitions
- Employee Accounting Definitions
- Funds Flow Statement Definitions
- Receipt Merger Transaction Groups
- Cash Flow Statement Form Definitions
- Cost of Sales Statement Definitions
- Account Type Transfer
- Financial Statement Definition
Related Functions in Other Modules
- Cash / Cash Transactions (For those collected and paid to the cash register)
- Bank / Bank Transactions (For those collected and paid to the bank account)
- Cheque-Note/Check Transactions
- Check Note / Promissory Note Transactions
- Current Account / Current Account Transactions (Accounting Transaction selected)
- Invoice / Purchase Invoices - Sales Invoices
- Stock / Stock Transactions (Accounting Transaction selected)
- Expense Management / Expense and Income Vouchers (Accounting Transaction selected) selected)
- Guarantees / Received – Given
- Fixed Asset / Purchase – Sale – Depreciation and Valuation
- Loan / Credit – Financial Lease Transactions
- HR / Marks
- BI / Standard Reports / Chart of Accounts Report
- BI / Standard Reports / Journal Report
- BI / Standard Reports / Trial Balance Report
- BI / Standard Reports / Current and Accounting Codes Report
- BI / Standard Reports / Product Accounting Codes Report
Recommendation
Before putting Workcube Accounting transactions into use, it is recommended to review the Chart of Accounts that you will create before using it to ensure that it is not transferred as it is currently used, and to clean any dirty data created in the past and revise it if necessary.
Do not forget to enter the IFRS code equivalents next to your Accounting Account codes in order to make reporting in accordance with IFRS.