The Accounting and Banking modules

Akuiteo enables you to manage your accounting activities based on a project rather than on accounting data solely. As such, you maintain the same level of consistency in your management and accounting activities and can easily follow through your project.

That is why you must consider the Accounting module as a way to monitor your accounting and to correct it if needed, rather than a basic entry tool for accounting items. Via this module, you will automatically generate entries and other accounting documents.

The person in charge of the accounting will supervise more and enter less data in the system.

The Banking module enables you to quickly cash in/out items that you or your employees have entered from the Management module, as well as all the operations except for standard entries (miscellaneous payment transactions, wages, reconciliation state, sick leaves).

This module is essential for the accounting process. You will enter purchase or sales invoices that will automatically generate accounting entries afterward.

Example: a project manager enters a delivery note and sends an invoice request to the Accounting Department; this will in return generate an accounting entry.

Before you can use the Accounting module, you must set up basic parameters. You must have set up the company, the chart of accounts, the company's analytical chart, the currencies, the VAT and the different journals.

To access these parameters, go to Tools > Setup > General setup > Accounting.

List of mandatory journals

Journals	Entry in Akuiteo	Required
Purchases	Purchase journals
Expense reports	Purchase journals
Sales	Sales journals
Carry forwards	Miscellaneous transactions journals (and not the carry forwards journals used only during the closing).
Miscellaneous transactions	Miscellaneous transactions journals
Capital assets	Miscellaneous transactions journals	(but recommended)
Payment	Miscellaneous transactions journals	(but recommended)
Bank (as many bank journals as there are banks)	Cash journals