Accounting Training Areas in ERPNext

·Introduction to ERPNext Accounting Module

1. Overview of the accounting module and its features
2. Chart of Accounts setup
3. Modify accounts, edit and merge accounts
4. Navigating the accounting dashboard

·General Ledger and Journal Entries

1. Explanation of the various type of journal entries
2. Posting journal entry
3. Reverse, cancellation, amendment and duplication of Journals
4. Using Journal template

·Accounts Payable and Receivable

1. Creating and managing supplier invoices and payments
2. Managing customer invoices and receipts
3. Tracking outstanding balances and aging reports

·Financial Reporting

1. Generating balance sheets and income statements
2. Understanding profit and loss reports
3. Customizing and exporting financial reports

·Taxation and Compliance

1. Setting up tax rates and tax accounts
2. Creating and managing tax returns
3. Handling withholding tax transactions

·Asset Management

1. Setting up and managing fixed assets in ERPNext
2. Depreciation and asset disposal processes

·Accounting Dimensions

1. Understanding accounting dimensions (cost centers, projects, revenue centers, etc)
2. Tracking expenses and income by cost center

·Multi-currency Accounting

1. Handling multi-currency transactions
2. Currency exchange rate management
3. Reporting in different currencies

·Reconciliation

1. Stock reconciliation
2. Payment Ledger reconciliation
3. Bank Reconcilation

· Period (Month/Year-end) Closure  

1. Accounting Period Closure
2. Period Voucher Closure
3. Freezing Accounting Entries