Core Accounting
Journal Entries and Adjustments
Overview Journal entries record non-sales transactions like adjustments and corrections. iVendNext offers tools to manage these entries and keep your financial records accurate. This article explains how to create and adjust journal entries in ...
Handling Sales and Purchase Invoices
Overview Sales and purchase invoices are key to tracking revenue and expenses. iVendNext makes it easy to create, manage, and monitor these invoices for smooth financial operations. This article highlights essential features and best practices. 1. ...
Financial Reporting and Analysis
Overview Financial reports help businesses track performance and make informed decisions. iVendNext provides tools to create and analyze these reports for compliance and planning. This article covers key features and best practices. 1. Introduction ...
Managing Currency and Exchange Rates
Overview iVendNext offers powerful tools to manage foreign currencies and exchange rates, helping ensure accurate reporting and smooth international operations. This article explains how to use these features effectively. 1. Introduction to Currency ...
Importing and Customizing the Chart of Accounts
Overview The Chart of Accounts (CoA) helps organize financial data. iVendNext creates a default CoA for each company, but you can import or customize it to match your business needs. This article walks you through the process of importing and ...
Chart of Accounts: The Backbone of Financial Management
Overview The Chart of Accounts (CoA) is a key part of any accounting system, listing all accounts used to track financial activity. iVendNext offers a flexible, customizable CoA to fit your business needs. This article explains its role, structure, ...
Understanding Multi-Currency Accounting
Overview Global businesses often deal with multiple currencies. iVendNext makes it easy to manage foreign transactions, exchange rates, and reporting. This article covers the key steps to handle multi-currency accounting accurately and efficiently. ...
Setting Up Your Company
Overview Setting up your company is the first key step to ensure smooth financial and operational workflows. A proper setup supports accurate accounting, inventory control, and transactions. This article walks you through each step—from basic info to ...
Accounting in iVendNext
Overview Accounting is key to business success, offering insights for smart decisions and compliance. In iVendNext, it's built-in for smooth financial management. This guide introduces first-time users to core accounting features and how to use them ...
In-depth Analysis of Financial Ratios
In-depth Analysis of Financial Ratios Financial ratios are powerful tools that allow businesses to analyze their financial health, performance, and trends. iVendNext automatically calculates various key financial ratios, providing valuable insights ...
Key Concepts in Accounting
Key Concepts in Accounting iVendNext offers a comprehensive set of accounting features and tools that cater to the needs of various businesses. Understanding these key concepts and terms is crucial for effectively managing your finances within the ...