Introduction This feature is a an enhancement to the Charts of Account (COA) & Profit & Loss Reporting function that allows users to have a sub-account tagged to the parent account to have a better view of their accounting transactions. As seen in the Profit & Loss sheet below, the new sub-account (Sales — App) […]

Introduction Every account has a code, name, nature/type and it helps accountants organise inbound and outbound transaction. There are 5 main categories of accounts: Assets, Liabilities, Equity, Revenue and Expenses. Different industries and businesses have different ways of recognising income and expenses and hence need to customise their chart of accounts. This guide will show you how […]

Introduction A fiscal year is a one-year period that companies and governments use for financial reporting and budgeting. Before you begin Be sure to have your company fiscal year ready. This page will help setup the fiscal year and your closing periods. Navigating to your Fiscal Years page 1. Click on Accounting at the left […]

Introduction Every account has a code, name, nature/type and it helps accountants organise inbound and outbound transaction. There are 5 main categories of accounts: Assets, Liabilities, Equity, Revenue and Expenses. Different industries and businesses have different ways of recognising income and expenses and hence need to customise their chart of accounts. Dashbod has a preset […]

Introduction A fixed asset configuration helps you classify all your fixed assets. You can classify an item as IT Equipment or specify it as Servers, Laptops, Properties, Renovations. These fixed asset configuration will then allow you to set the yearly or monthly depreciation such as straight line and reducing depreciation. Before you begin Know what […]