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VinAR-ERP allows businesses to manage multiple currencies with ease. The Currency List stores essential details like currency names, symbols, and fractional units (e.g., "Cents" for USD, "Paise" for INR). Most commonly used currencies are preloaded into the sy...

VinAR-ERP allows businesses to maintain a Country List and tag countries to different entities and transactions as needed. This helps in standardizing formats and ensuring accuracy across global operations. 1️⃣ How to Add a Country? Adding a country to VinAR...

The Chart of Accounts (CoA) is the foundation of your company's financial structure. It organizes all financial transactions using the double-entry accounting system, which is a global standard for tracking a company’s financial health. VinAR-ERP provides a p...

An Accounting Period defines a specific time frame within which financial transactions are recorded. In VinAR-ERP, certain transactions like Sales Invoices, Purchase Invoices, Stock Entries, Payroll Entries, and Journal Entries can only be created within the ...

A Fiscal Year is a 12-month period used to record and report financial transactions for a business or organization. It helps in preparing financial statements, tax reports, and budgets. 🔹 What is a Fiscal Year? A Fiscal Year may or may not align with the cal...

A Finance Book is a record that keeps track of all financial transactions within a company. It serves as the foundation for accounting and reporting. Why Use Multiple Finance Books? Businesses often need to maintain different financial records for various pu...

A Payment Terms Template is a predefined set of payment conditions that helps businesses manage installment-based payments. It groups multiple Payment Terms together and applies them automatically in sales and purchase transactions. Why Use a Payment Terms Te...

A Payment Term is a predefined schedule that determines how and when payments should be made for an invoice or order. It helps businesses plan cash flow, manage credit terms, and automate payment tracking. For example, a business might require: 50% payment...

A Loyalty Program rewards customers for repeat purchases by allowing them to earn and redeem points. This encourages customer retention, boosts sales, and strengthens brand loyalty. For example, if a customer spends $100, they may earn 10 points, which can la...

Managing financial periods efficiently is crucial for accurate accounting. VinAR-ERP provides three essential tools to streamline financial setup and closure: 1️⃣ Opening Invoice Creator – Records outstanding invoices at the beginning of an accounting period....

The Opening Invoice Creation Tool helps businesses import outstanding sales and purchase invoices when setting up VinAR-ERP. Unlike the general Data Import Tool, this tool focuses on outstanding balances without requiring detailed item data. Why Use This Tool...

A Period Closing Voucher is used to finalize your accounting records at the end of a financial period, ensuring that income and expense accounts reset to zero, and profit or loss is carried forward. This process is essential for maintaining clean financial rec...

The General Ledger (GL) is the backbone of financial accounting in VinAR-ERP. It records, organizes, and tracks all financial transactions, ensuring accurate and up-to-date financial records for your organization. Key Features of the General Ledger 📌 Journal...

A Journal Entry Template in VinAR-ERP helps streamline the process of recording financial transactions by allowing you to predefine accounts and settings. This saves time and ensures consistency in your Journal Entries. How to Access the Journal Entry Templat...

A Journal Entry is a record made in the general ledger that affects financial accounts. It is a fundamental part of accounting, ensuring that every financial transaction is properly recorded. What is a Journal Entry? A Journal Entry is a transaction where we...

To make accounting concepts easy to grasp, let’s use the example of a small tea stall business. This will help in understanding how financial transactions are recorded step by step in accounting. 1. Investment in the Business Mama, the tea stall owner, decid...

In accounting, businesses often need to freeze their financial records to prevent any changes before a specific date. This is done to ensure that past records remain accurate and are not altered after financial reports are finalized. By freezing accounting en...