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Create Account Transaction? Import?

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  • Tobias
    Tobias Vielmetter-Diekmann   ( User ) 5 months ago

    Hi there, thanks for Akaunting, it seems like a good foundation for a bookkeeping app. Is there any given possibility to create transactions for accounts or is this only possible through an app that does not exist yet? I might miss something here, but I dont have any button to add transactions or to import a csv from my bank.

     

    Thanks,

    Tobias

  • Denis
    Denis Duliçi   ( Admin ) 5 months ago

    Hi Tobias,

    We've split the transactions by their type: Revenues for income transactions and Payments for expense transactions. You will select the bank account when you add a revenue/payment:

    https://akaunting.com/docs/user-manual/incomes/revenues

    https://akaunting.com/docs/user-manual/expenses/payments

    Regards

  • Tobias
    Tobias Vielmetter-Diekmann   ( User ) 5 months ago

    Thanks for your answer.

    So I cannot reconcile my bank transfers against my receipts, but only can enter in- and outgoing transactions directly? I guess the concept that I am missing here is called "reconciliation" of receipts with the transfers, which is part of good bookkeeping practice as far as I understand.

    It might be nice to have some sort of diagram that explains the information flow, as it seems to be different from other popular bookkeeping solutions such as quickbooks, sage one, xero, debitoor etc. or even simple expense tracking like expensify.

    After creating my first invoice in akaunting, it was difficult to understand how payments relate to the bank account and there is quite a bit of weird behavior:

    - i paid an invoice of 232 eur with a bank payment of 232.

    - the invoice got marked to be overpayed by 58 eur (290 eur payment)

    - looking at the payment details and the invoice history the payment shows as 232 eur...

    - the payment does not show up under transfers in the bank category

    - deleting the payment is getting rid of it in the invoice payments but is keeping it in the invoice history

    As far as I understand the system, there seems to be some issue with the calculation and where information gets deleted and where not (id say if the payment still shows up in the history, it should at least also say that it has been deleted, no?).

    Maybe the concepts of bookkeeping that are proposed by akaunting are just foreign to me...

    I like the proposition of akaunting as a free, open source accounting solution based on laravel, but it strikes me that it is just not usable yet, at least for german business. I will keep following this project, to see where it goes.

     

    Thanks,

    Tobias

     

  • Denis
    Denis Duliçi   ( Admin ) 5 months ago

    Bank reconciliation is not available, at least yet, so you should add transactions manually.

    As for your invoice, it seems that you've not set the Rate of Euro currency as 1. Here you can find more information:

    https://akaunting.com/docs/user-manual/settings/currencies

    Akaunting, even been new to the industry, it's being used by tens of companies so you can be sure it's usable.

    Regards

  • Tobias
    Tobias Vielmetter-Diekmann   ( User ) 5 months ago

    Thanks, I see. I guess Akaunting will not work for bokkeeping purposes here then, as reconciliation is one of the fundamentals for this.

    You are right, EUR is set to 1,25 by default. I fail to understand how this changes the payment amount, as both the invoive and the payment are in EUR – so it should really stay the same, no?

     

    Thanks again for your quick answer.

  • Denis
    Denis Duliçi   ( Admin ) 5 months ago

    Akaunting is a worldwide project but bank reconciliation is available only for some countries so that can't be the criterion to make a system work or not for bookkeeping purposes. Even though, reconciliation is a feature planned to come soon through apps, free or paid.

    As said in the documentation, if you want to set a currency as default, you should set its Rate as 1.

    Regards

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