Accounting & banking

Set up the ledger, reconcile transactions, and review financial reports.

Set up native accounting safelyUnderstand the ledger, readiness checks, and why source evidence matters.Configure the chart of accountsChoose account classifications and verify the Inventory Asset control account.Enter and approve opening balancesEstablish a trustworthy beginning balance at accounting cutover.Create and review journal entriesRead draft and posted accounting events and their source links.Connect bank accounts and import statementsBring bank activity into review without treating imports as final bookkeeping.Categorize and match banking transactionsUse Accounting Review and Rules to reconcile transactions to the right source.Reconcile Shopify payoutsMatch processor deposits and component activity without double-counting sales.Reconcile a bank statementVerify your recorded cash balance to an external statement.Manage vendor bills and accounts payableRecord supplier invoices and keep purchase receipt evidence connected.Read P&L, Balance Sheet and Trial BalanceUnderstand posted-ledger financial reports and completeness warnings.Review and close an accounting periodPrepare period-end evidence and understand posting restrictions.Export accounting data to QuickBooks or XeroConfigure account mapping and review export batches without duplicate posting.Vendor payments, credits, prepayments and A/P agingRecord and correct supplier payments, credits and unapplied funds without double-posting or changing stock incorrectly.Inventory Accounting, GRNI and Inventory Asset reconciliationUnderstand how receipts, vendor bills, COGS and inventory clearing accounts connect to the native ledger.Accounting Rules & Memory: aliases, mappings and suggestionsLearn how past reviewed bank transactions inform future categorization without auto-posting unverified accounting.