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FirstBit Hotline Knowledge base
FirstBit Hotline Knowledge base

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ACCOUNTING

  • Created by Implementation Department, last modified on 30 Nov, 2023

  • Allowance for Obsolescence (Reserve for Obsolescence)
  • Balance Sheet Mismatch (Total Assets vs. Total Liabilities)
  • Change the Fiscal Year Starts
  • Changing Entity's currency
  • Chart of Accounts
  • Consolidate Income and expense in single line
  • Cryptocurrency Accounting (Internal Methodology)
  • Deferrals
  • Entity TRN Number changing
  • Financial Statements
  • How to Reflect a Lease
  • Income or Expenses directly to Retained Earnings
  • Letter of Credit
  • Month-end closing
  • Mutual Settlements
  • Opening balance
  • Recording Expenses Incurred in a Prior Period (Accrual Basis Accounting)
  • Reflecting Sales discount in the Income statement P&L report
  • Transactions (General Ledger)
  • Work In Progress/WIP
  • Checking Item in General Ledger

  • kb-contracting
  • kb-erp
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