Accounting Setup

How to create a financial year

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 […]

Creating a Chart of Accounts

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 […]

How to do fixed assets configuration

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 […]

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