Finance

In Finance you do not post journal entries. Every figure in this chapter comes from documents you have already created in Purchase and Sales. Finance shows them in the four views a business owner usually asks for.

Accounts payable lists every purchase bill with an outstanding balance, by supplier. It shows the bill date, the due date, what has been paid and what is left. Accounts receivable does the same for sales invoices, by customer. Both link back to the original document, so you can check a disputed figure against the bill or invoice in one click. Both have date range and party filters (supplier or customer), and both export to XLSX, PDF and CSV.

Cash flow is the timeline. It lists every money movement in date and time order. Each row has a description, a category, cash in, cash out, bank deposits, bank withdrawals and a running balance. Opening and closing balance rows show the period you have selected. Sales and customer payments add to cash in. Purchase bills and supplier payments add to cash out. Bank movements appear as deposits and withdrawals.

Bank accounts in Kuver Books are internal records. They let you link each payment to the right account and track balances inside Kuver Books. Kuver Books does not connect to any bank. The module asks you to accept this before you use it, because the records are only as accurate as what you enter.

Bank transfers move funds from the system balance into one of those bank accounts. Each transfer appears as a new line on the cash flow report.

Sections in this chapter:

• Set up bank accounts
• Accounts payable
• Accounts receivable
• Read the cash flow report
• Transfer funds to a bank account