Workflow
Workflow A typical ‘Workflow’ in ERPNext involves various stages to manage different aspects of business operations. It starts with creating a document and taking it through a series of steps. Users can track the status of each document and collaborate with team members by assigning tasks and tracking their progress. ERPNext streamlines processes […]
Pricing Rules
Pricing Rules In ERPNext, pricing rules are used to create personalised rules for offering discounts, margins, or special pricing based on a variety of criteria, such as products, clients, quantities, or time periods. Businesses can manage flexible pricing more easily without having to manually change each transaction thanks to it. Prerequisites Before creating and […]
Journal Entry
Journal Entry A journal entry is a transaction that is made in the company’s general ledger book that records every transaction carried out with a date. Each entry in the journal serves an individual purpose. Journal Entries are also used to capture all non-cash-based transactions or for transactions other than sales and purchases. […]
Printing
Printing Printing In ERPNext, this feature facilitates the generation of desired documents directly from the system pertaining to the business. Users can effortlessly create and Customize templates for various documents such as invoices, purchase orders, sales orders, pay slips, etc. The users can build and maintain various print formats as per the company’s branding […]
Bank Reconciliation
Bank Reconciliation ERPNext Bank Reconciliation helps you match your company’s financial records with your bank statement. This is to make sure that cleared, uncleared, and unmatched transactions are correctly identified. It is especially helpful when payments are made by cheque or when banks take a long time to process deposits and withdrawals. 1. What […]
Accounting Of Inventory Stock
Accounting Of Inventory Stock Accounting Of Inventory Stock is categorized as a Current Asset in ERPNext’s Chart of Accounts. Inventory movements must be appropriately accounted for in order to guarantee that financial data is accurately reflected in reports such as the Balance Sheet and Profit and Loss Statement. ERPNext offers two primary inventory […]
Retention Bonus
Retention Bonus A Retention Bonus is an additional payment or monetary compensation beyond an employee’s normal wages, given as an incentive to keep significant employees at the organization for a certain period. It is usually employed for keeping employees during pivotal projects, company changes, or times when their experience is needed most. Frappe […]
Employee Incentive
Employee Incentive Employee Incentives are extra rewards given to employees to appreciate and inspire outstanding performance, apart from their basic salary or wages. Incentives are usually employed to motivate productivity, enhance morale, and align an individual’s work with organizational objectives. When an organization seeks to generate greater efficiency or reward great contributions, a […]
Additional Salary
Additional Salary Other compensation is any payment or deduction that an Employee gets from the Company that isn’t their regular compensation. It is changes or variable amounts that can be made from time to time or on a random basis, depending on corporate guidelines or how well the worker does. Frappe HR offers […]
Payroll Period
Payroll Period A Payroll Period is a predetermined time frame in which Employees are compensated for the work they do for the Company. Payroll periods are crucial to managing the payroll life cycle because they inform you when salaries are computed, processed, and paid. Payroll Period assists you in defining the appropriate Salary […]
