Journal Entry Templates let you set and select a predetermined list of accounts and options while making a Journal Entry.

Accounting entries that can be made against invoices, sales and purchase orders, expense claims, etc.

A Payment Request is used to request payment for an order or an invoice.

Payment done by the customer before accepting delivery of the product is an Advance Payment.

The Mode of Payment stores the medium through which payments are made or received such as cash, bank, credit card etc.

This explains the difference on a specified date between the bank balance shown in an organization’s bank statement

Pricing Rule: Pricing Rule is a master where you can define rules based on which discount is applied to a specific Customer or Supplier.

It is the bill that your Supplier sends you for products or services delivered. Here you accrue expenses to your Supplier

A credit note is a document sent to the customer, notifying that a credit has been made to their account against the goods returned.

A debit note is a document sent by a buyer to a seller which notifies that a debit has been made to their accounts.

Pricing Rule is a master where you can define rules based on which discount is applied to a specific Customer or Supplier.

A Payment Term helps to set a schedule according to which payments will be made. A Payment Term defines a specific payment slab. For example, 50% payment on shipping and 50% on delivery of the item.

Helps confirms whether the money leaving an account matches the amount that’s been spent, and ensures the two are balanced at the end of the recording period

The accounting module has multiple built-in reports like Profit and Loss, Balance Sheet, etc.

A Loyalty Program allows Customers to earn points by spending a certain amount and lets them redeem the points in future purchases.