Double Entry Integrationuble Entry Integration - WorkDo.io

Double Entry Integrationuble Entry Integration

Introduction

In the realm of accounting, precision is paramount, and Double Entry Accounting serves as the bedrock of financial accuracy. This fundamental accounting method operates on the principle of recording financial transactions in two separate accounts: a debit and a credit. With each transaction affecting both sides of the accounting equation, where assets equal liabilities plus equity, Double Entry Accounting guarantees the equilibrium of financial records. This system plays a pivotal role in preserving the integrity of financial data, enabling businesses to comprehensively track their financial well-being while adhering to stringent accounting standards.

The significance of Double Entry Accounting becomes even more apparent as it unveils a complete and balanced view of a company’s financial activities. By meticulously maintaining balance and accuracy in accounting, this approach ensures that every financial transaction is meticulously recorded in a journal account. Within the framework of the double entry system, each transaction is carefully documented with both a debit and a credit entry, meticulously upholding the fundamental accounting equation of assets equaling liabilities plus equity. In essence, Double Entry Accounting not only safeguards the precision of financial data but also empowers businesses to wield comprehensive insights into their financial health. This method simplifies financial reporting, ultimately ensuring that businesses are well-equipped to make informed and strategic decisions for sustained success.

Installation

Workflow

Step 1: Super Admin Access:

  • To get started with Double Entry integration, ensure that your super admin has system access.
  • Double Entry Dash Saas

  • Navigate to the “Add-On Manager” section within the super admin dashboard.
  • Initiate the setup process by clicking the “+” button for “Module Setup.”
  • Double Entry Dash Saas

  • You will be prompted to upload the required ZIP file for the “Double Entry Add-On.”
  • Double Entry Dash Saas

  • Upon completing the setup, don’t forget to enable the module to make it available for others to utilize.
  • Double Entry Dash Saas

Step 2: Company Login Access:

  • After enabling the Double Entry Add-On by the super admin, company admins can proceed with the configuration.
  • Begin by visiting the “Subscription Plan” page and selecting the appropriate “Usage Plan.”
  • Double Entry Dash Saas

Step 3: How to use the Double Entry Add-on?

  • After purchasing the Double Entry add-on, find it out in the menu.
  • Double Entry Dash Saas

  • There you will get to see 5 pages Journal Account, Ledger Summary, Balance Sheet, Profit and loss, Trial Balance, and Report.
  • On the Journal Account Page, you can create the journals by adding all the details asked on that page, you can also edit them whenever you want.
  • Double Entry Dash Saas

  • On the ledger summary page, you can see the history of all the ledgers and you can also download them.
  • Double Entry Dash Saas

  • On the balance sheet page, you can see the balance sheet of your account and you can also print it whenever you want.
  • Double Entry Dash Saas

  • Similarly, you can see the trial balance on the trial balance page and also print it.
  • Double Entry Dash Saas

  • At last, you can also view the sales report, and print them whenever you want.
  • Double Entry Dash Saas

So, this is how you can have access to the double entry module.

Need more help ?

If you’re still uncertain or need professional guidance, don’t hesitate to contact us. You can contact us via email or submit a ticket with a description of your issue. Our team of experts is always available to help you with any questions. Rest assured that we’ll respond to your inquiry promptly.

Love what you see?

Do you like the quality of our products, themes, and applications, or perhaps the design of our website caught your eye? You can have similarly outstanding designs for your website or apps. Contact us, and we’ll bring your ideas to life.

×
shopify

Please enter store password 1 to View Live Demo

View Demo