Setting up the accounting system

Setting up the accounting system

To get started with the accounting module, here are some key elements to consider:

  1. Check that your company is already created in Cheel. To create or import your company, click here .

  2. Customize and adapt your company's chart of accounts to suit your needs. To customize the chart of accounts, see the Chart of Accounts article.

  3. Indicate whether your company is subject to VAT for the current fiscal year and configure the relevant VAT accounts. For more information, refer to the article "How to set up VAT" .

  4. Enter the opening balance entries for the current fiscal year. For more information, refer to the article Creating Opening Balances in a New Company .

  5. Enter the accounting entries. For more information on entries, click here .

  6. Print the financial statements: Balance sheet, Income statement, General ledger, Journal entries. For more information on financial statements, click here .

  7. Print your VAT statements and journals. For more information, click here .