Accounting & Banking

Guides and articles 7

• Guide Chart of accounts and opening balances How accounts and groups are organised, and how to enter the balances your books start with.
• Guide Recording payments and receipts Record money paid out and money received through cash or bank, and correct a voucher the right way.
• Guide Journal entries and the ledger Post manual adjustments with a journal entry and follow any account's running balance in the ledger.
• Guide Bill-to-bill adjustment Settle open bills against payments, receipts and returns so outstanding reports show exactly which bills are unpaid.
• Guide Uploading bank statements and posting transactions Upload passbook or statement PDFs, let BizDue extract the transactions, and post them to your books.
• Guide Bank reconciliation Tick off what the bank has cleared so your bank book matches your bank statement.
• Article Accounting reports: books, balances, outstanding and interest Which report answers which question, from the cash book to overdue interest.