Financials

The Financials module provides comprehensive financial management with double-entry bookkeeping, automated journal entries, multi-currency support, and powerful financial reporting.

Every transaction in ERPX — sales invoices, purchase invoices, payroll, stock movements — automatically creates the corresponding journal entries. You rarely need to create entries manually.

Sections

Define your account hierarchy — assets, liabilities, equity, income, and expenses.

🏦 Chart of Accounts

Manual and automatic double-entry bookkeeping transactions.

📝 Journal Entries

Sales invoices and purchase invoices with tax management.

🧾 Invoices

Payment entries, payment reconciliation, and bank clearance.

💳 Payments

Match bank statements with ledger entries.

🏧 Bank Reconciliation

Trial balance, balance sheet, income statement, cash flow, and more.

📊 Reports

Key Features

Double-entry bookkeeping — Every transaction recorded as debits and credits
Multi-currency support — Handle transactions in any currency with exchange rate management
Automated journal entries — System-generated entries from business transactions
Tax management — GST, VAT, sales tax calculation and reporting
Financial statements — Balance Sheet, Income Statement, Cash Flow Statement
Cost center tracking — Allocate income and expenses to departments or projects