Accounting Master
Accounting Master’s 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 can keep clean Records, comply with the law, and know how the business is performing.
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).
- Purchase 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.
