Accounting Master
Accounting Masters in ERPNext are the setup items that are used in accounting. They play a very crucial role in ensuring that your financials are accurate and compliant with the rules.
By having control of these masters, a company is able to keep clean records, comply with the law, and know how the business is performing.
1. List of Accounting Masters
ERPNext Company Setup: The entity that you work for as an accountant.
Currency: The form of money (such as PKR, USD, etc.) that you work with in transactions.
Country: Where your company is registered.
Chart of Accounts: Complete list of all accounts maintained in your accounting system.
Accounting Period: Time period used to track and report finances.
Fiscal Year: Your business's financial year (such as July to June).
Purcase Invoice: Used to distinguish various kinds of loans (such as tax book or management book).
Mode of Payment: How payments are to be made (cash, bank, credit card, etc.).
Payment Terms: Terms regarding when and how to pay.
Loyalty Program: Program to provide rewards to frequent customers.
Payment Term Template: A template to determine payment due dates and terms.