ERPNext v16 · Accounting
ERPNext Accounting, implemented right
We set up ERPNext v16 accounting around how your business actually closes the month: localised chart of accounts, tax templates, cost centers, bank reconciliation and clean opening balances.
The ERPNext Accounting flow
The standard v16 document flow we configure, test and train your team on.
- Step 1Sales Invoice
- Step 2Payment Entry
- Step 3Bank Transaction
- Step 4Bank Reconciliation
- Step 5Period Closing Voucher
New in ERPNext v16
- Custom Financial Report templates with formulas
- Automatic Closing Stock Posting to the general ledger
- Consolidated Trial Balance across child companies
- Purchase expense booking in the purchase cycle
What we configure
Your scope decides which of these apply. Nothing is configured that you did not sign off.
- Company and fiscal year setup
- Chart of accounts localised to your country
- Opening balances migration
- Multi-company with per-company chart of accounts
- Multi-company with chart template and group consolidation
- Inter-company invoices and eliminations
- Multi-currency parties, exchange rate sources, revaluation
- Item tax templates and sales/purchase tax templates
- Tax withholding categories and thresholds
- Government e-invoice integration
- Cost center tree and allocation rules
- Accounting dimensions across transactions
- Budgets per cost center/account with stop or warn actions
- Bank accounts and manual reconciliation tool
- Bank statement import and auto-matching rules
- Bank feed integration with auto-matching
AI workers for Accounting
AI Accountant
- Codes supplier bills from scans
- Matches bank lines to invoices
- Chases overdue receivables
- Drafts month-end checklist
ERPNext Accounting FAQ
Can ERPNext handle multiple companies and currencies?
Yes. ERPNext supports multiple companies in one site, each with its own chart of accounts, and multi-currency transactions with exchange rate revaluation.
Do you migrate our opening balances?
Yes. Opening balances for accounts, receivables, payables and stock are part of every accounting scope, with a reconciliation sign-off before go-live.
Can we automate bank reconciliation?
Bank statements can be imported and matched with rules, or connected to a bank feed where your bank supports it. Our AI Accountant can match the remaining lines.