Accounting Guides

Manage your financial accounting processes — from initial chart of accounts setup to daily transaction recording, bank reconciliation, and financial reporting.

🚀 Get Started / Setup

New to accounting in BigLedger? Begin here to set up your financial foundation.

📋 Chart of Accounts Setup

Design your account structure — the foundation for all financial reporting

What you’ll set up:

Account groups and categories (Assets, Liabilities, Equity, Revenue, Expenses)
Account numbering conventions
Default accounts for automated posting
Opening balances for migration

First time? Complete the Chart of Accounts setup before recording any transactions. All journal entries, invoices, and payments post to accounts defined here.

📝 Daily Tasks

Guides for everyday accounting activities your team performs regularly.

📝 Journal Entries

Record financial transactions — adjustments, accruals, reclassifications, and corrections

🏦 Bank Reconciliation

Match bank statements to system records — detect discrepancies and ensure accuracy

Typical daily workflow:

Record journal entries for non-automated transactions
Review and approve pending entries
Reconcile bank transactions against statements
Investigate and resolve discrepancies

⚠️ Common Scenarios / Pitfalls

Watch out for these frequent accounting issues:

Scenario	What Happens	How to Handle
Unbalanced journals	Debit ≠ Credit, entry rejected	Double-check amounts before posting
Wrong period posting	Transaction appears in wrong month	Verify posting date matches correct period
Duplicate entries	Inflated balances	Search for existing entries before creating new ones
Missed bank items	Reconciliation won’t balance	Check date range and filter settings
Opening balance errors	Reports incorrect from day one	Verify trial balance after migration

Month-End Reminder: Always complete bank reconciliation before running monthly financial reports. Unreconciled items will cause report discrepancies.

📊 Reporting Usage

Generate and analyze your financial statements.

📊 Financial Reporting

Generate Balance Sheet, Profit & Loss, Trial Balance, and Cash Flow statements

Available Reports:

Trial Balance — Verify all accounts balance before month-end close
Profit & Loss Statement — Revenue and expenses for any period
Balance Sheet — Snapshot of financial position at any date
Cash Flow Statement — Cash movements by operating, investing, and financing activities
General Ledger Report — Detailed transaction listing per account

Reporting tips:

Run Trial Balance first to check for imbalances
Use date range filters to match your reporting period
Compare against prior periods to spot anomalies
Export to Excel for further analysis

Related Resources

Financial Accounting Module — Module overview and capabilities
Chart of Account Applet — Applet reference documentation
General Ledger Applet — Transaction ledger reference
Advanced Financial Reporting — Power-user analytics and custom reports
Compliance & Audit — Regulatory compliance and audit preparation