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Advanced accounting — reconciliation, account reconciliation, currencies, year-end closing

Beyond the general ledger: reconcile your bank statements, reconcile third-party accounts, enter manual entries (OD), manage currencies and close the financial year (with automatic carry-forwards).

What it is for

This module extends the accounting system (trial balance, general ledger, tax return) to include day-to-day bookkeeping and year-end procedures. Bank reconciliation compares the bank statement with the entries in account 512; account reconciliation matches invoices with their payments; journal entries ensure that all entries balance; exchange rate differences are valued; and the year-end closing carries forward the profit and losses to the next year.