CloudDMS includes a standard chart of account which can be customised to suit your requirements.
A double entry nominal ledger is used. Each financial transaction is recorded in two different nominal accounts within the ledger.
Sales and Purchase invoices are automaticly posted to the nominal ledger when they are finsihed.
Additional transactions can manually be entered into the nominal ledger using a journal entry process.
Journal is a record that keeps accounting transactions in chronological order, i.e. as they occur. Ledger is a record that keeps accounting transactions by accounts
Fully auditable double entry accounting
Double entry nominal ledger
View detailed nominal activity
Journal manual entries