Finance

Accounts and registers, expenses and incomes, shift review, journal entries and reports.

Articles in this section

1. 1 Cash and bank accounts Finance → Accounts shows where the company's money is and what each cash box, bank and wallet holds; add accounts and open any account's statement there.
2. 2 Record an expense Record every payout from Finance → Expenses → New expense: amount, category, who was paid and from which account; it then waits for a manager's approval unless the owner recorded it or it is within the limit the company set.
3. 3 Set up registers and review shifts Add a register for each till that needs its own shift under Finance → Registers, and review and approve count differences under Finance → Cashier shifts.
4. 4 Incomes Being written Finance → Incomes lists every amount that came into the company, its reason and the account it went into, and lets you record income that doesn't come from a sale.
5. 5 Employee advances Being written Under Finance → Employee advances you give an employee cash to buy something for the company, then settle it with their receipts and any cash they return.
6. 6 Cheques Being written Finance → Cheques tracks the cheques you received from customers and the ones you issued to suppliers, by due date.
7. 7 Cash in transit Being written Under Finance → Cash in transit you send cash from one branch to another or to the bank; it stays on the way until someone else receives it.
8. 8 Payment providers Being written Under Finance → Payment providers you record the companies that collect card and wallet payments for you, and match what they pay into your account with your sales.
9. 9 Bank reconciliation Being written Under Finance → Bank reconciliation you import the bank statement, match each line with the movements in your books, then close the reconciliation when they agree.
10. 10 Adjustments and corrections Being written Adjustments change an account's balance or move money between accounts; Corrections fix a posted sale, receipt or expense without erasing the original.
11. 11 Fixed assets Being written Under Finance → Fixed assets you record the equipment and fittings the company owns: what they cost, where they are, who holds them and what they are worth today.
12. 12 Accruals and deferrals Being written Under Finance → Accruals & deferrals you spread a prepaid expense or deferred income over the months it belongs to.
13. 13 Cost centers and budgets Being written Cost centers show the profit of each department or activity in the company; Budgets compare what you planned for the year with what actually happened.
14. 14 Books and financial statements Being written Every sale, payment and expense posts an entry to the company's books; you read those books and statements on the accounting pages under Finance.
15. 15 Tax Being written Tax codes set how tax is worked out on each sale or purchase line; Tax summary shows what you owe and what you can reclaim for the period.
16. 16 Accounting periods Being written Under Finance → Accounting periods you close each month once its figures are complete, so nothing more posts into it.
17. 17 Opening balances Being written Under Finance → Opening balances you bring your balances into Sahab once, as of the day you start with it: cash, stock, customers, suppliers and more.