Double Entry Accounting

Introduction

The Accounting Advanced module provide double entry accounting features. If you don’t need double entry accounting neither editing a ledger, you may use the Module Accounting Simplified instead.

Its features are:

  • support for double entry accounting
  • grouping transactions in journals
  • support for exports (a lot of common software format are supported, and also CSV and FEC format)

Werpos provides ready-to-use chart of account for several countries:

  • Africa (Benin, Burkina Faso, Cameroon, Central African Republic, Comoros, Congo (Brazzaville), Congo (Kinshasa), Equatorial Guinea, Ghana, Marocco, Niger, Senegal, Tunisia)
  • Europe (Belgium, Denmark, Luxembourg, France, Germany, Great Britain, Netherlands, Romania, Switzerland, Spain, Sweden
  • South America (Chile)
  • And more… (see full list)

Installation

This module is included with the Werpos distribution, so there is no need to install it.

Setup

To use this module, you must first enable it using an administrator account, via the menu option “Home – Setup – Modules“.

Choose the tab where the module is listed. Then click on “Activate“.

The module is now activated.

If an icon appears at end of the line for the module, click on it to access the setup page specific to the module.

Default accounts

After setting up your chart of accounts you have to tell Werpos to use them.

Warning: Make sure you have different accounts for the top 3 accounts from the ones at the bottom or else all the reports will be mixed/wrong.

Journals

Set up your custom journals. Here is an example including a special journal for Upwork “bank” account, taxes and an equity insert/take out.

Vat accounts

Setup the applicable vat rates and accounts for your country.

Tax accounts

Setup the account from which you pay your tax.

Export options

Change these if needed.

Life Cycle / Business Rules

Usage of the accountancy module is done in several step:

The following actions are usually executed one time only, or once per year…

STEP 1: Create a model of chart of account from menu Financial-Accountancy-Setup-Chart of accounts models

STEP 2: Create or check content of your chart of account from menu Financial-Accountancy-Setup-Chart of accounts

Next steps should be done to save you time in future by suggesting you the correct default accounting account when making thee journalization (writing record in Journals and General ledger)

STEP 3: Check the default binding between miscellaneous transaction lines and accounting account is done. Complete missing bindings. For this you can use the menu entry Financial-Accountancy-Setup-Default accounts.

STEP 4: Check the binding between vat rates and accounting account is done. Complete missing bindings. You can set accounting accounts to use for each VAT from page Financial-Accountancy-Setup-Vat accounts.

STEP 5: Check the binding between special expences (miscellaneous taxes) and accounting account is done. Complete missing bindings. For this you can use the menu entry Financial-Accountancy-Setup-Tax accounts.

STEP 6: Check the binding between type of expense report and accounting account is done. Complete missing bindings. You can set accounting accounts to use for each VAT from page Financial-Accountancy-Setup-Expense report accounts.

STEP 7: Check the binding between loans payment and accounting account is done. Complete missing bindings. For this you can use the menu entry Financial-Special expenses-Loans or Financial-Accountancy-Setup-Default accounts.

STEP 8: Check the binding between bank accounts and accounting account is done. Complete missing bindings. For this, go on the card of each financial account. You can start from page Home-Bank/Cash.

STEP 9: Check the binding between products/services and accounting account is done. Complete missing bindings. For this you can use the menu entry Financial-Accountancy-Setup-Products accounts.

The following actions are usually executed every month, week or day for very large companies…

STEP 1: Check the binding between existing customer invoice lines and accounting account is done, so application will be able to journalize transactions in General Ledger in one click. Complete missing bindings. For this you can use the menu entry Financial-Accountancy-Customer invoice binding.

STEP 2: Check the binding between existing supplier invoice lines and accounting account is done, so application will be able to journalize transactions in General Ledger in one click. Complete missing bindings. For this you can use the menu entry Financial-Accountancy-Supplier invoice binding.

STEP 3: Check the binding between type of expense report and accounting account is done. Complete missing bindings. You can set accounting accounts to use for each VAT from page Financial-Accountancy-Expense report binding.

STEP 4: Write transactions into the General Ledger. For this, go into each Journal, and click into button “Journalize transactions in General Ledger”.

STEP 5: Add or edit existing transactions and generate reports and exports.

Export

These are examples of available export formats. Export can be done from the General Ledger:

Export Standard (TSV)

2012016 gérance janvier 2016 (SI1601-0668)   40100000               FGEFFROY              0             1000       ACH
2012016 gérance janvier 2016 (SI1601-0668)   64400000               1000        0             ACH

Export Cador

See Export Standard

Export Cegid

2012016 ACH        40100000               FGEFFROY              C             1000        GEFFROY OLIVIER - gérance janvier 2016 - Tiers              gérance janvier 2016 (SI1601-0668)
2012016 ACH        64400000               D             1000       GEFFROY OLIVIER - gérance janvier 2016 - Gerance  gérance janvier 2016 (SI1601-0668)

Export Sage Coala

02/01/2016            ACH        40100000               1             gérance janvier 2016 (SI1601-0668)      0             1000       E             FGEFFROY
02/01/2016            ACH        64400000               1             gérance janvier 2016 (SI1601-0668)      1000       0             E             

Export Sage Bob 50

1             02/01/2016            F              FGEFFROY              0             1000        GEFFROY OLIVIER - gérance janvie...
1             02/01/2016            G             64400000               1000       0              GEFFROY OLIVIER - gérance janvie...

Export Ciel compta format txt

1    ACH06022017020120161           FGEFFROY   gérance janvier 2016 (SI1         1000C                  GEFFROY OLIVIER - gérance janvier O2003
2    ACH06022017020120161           64400000   gérance janvier 2016 (SI1         1000D                  GEFFROY OLIVIER - gérance janvier O2003

Export Quadratus format txt

MFGEFFROYAC00006022017 gérance janvier 2016C+000000001000        000000     1                        1       EURACH   gérance janvier 2016 (SI1601-0661                                                                                  
M64400000AC00006022017 gérance janvier 2016D+000000001000        000000     1                        1       EURACH   gérance janvier 2016 (SI1601-0661                                                                                  

Export EBP

10803     2012016 ACH        40100000               40           GEFFROY OLIVIER - gérance janvier 2016 -               1             1000       C             2012016 EUR
10804     2012016 ACH        64400000               64           GEFFROY OLIVIER - gérance janvier 2016 -               1             1000       D             2012016 EUR

Export Cogilog

ACH        2012016 1             40100000               GEFFROY OLIVIER - gérance janvier 2016 - Tiers               2012016 1000       gérance janvier 2016 (SI1601-0668)   GEFFROY OLIVIER - gérance janvier 2016 - Tiers
ACH        2012016 1             64400000               GEFFROY OLIVIER - gérance janvier 2016 - Gerance               2012016 1000       gérance janvier 2016 (SI1601-0668)   GEFFROY OLIVIER - gérance janvier 2016 - Gerance

Export FEC

FEC is an XML format.