Accounting

Getting started with Brightpearl accounting

• Overview of Brightpearl accounting
• Basic accounting principles
• Introduction to journals
• Accounts receivable and payable (debtors and creditors) concepts
• Summary of operational accounting entries

Accounting setup and configuration

• Chart of accounts and account codes
• Accounting options
• Default account (nominal) codes
• Accounts imports
• Accountant access

General ledger

• General ledger report
• Creating, editing and canceling journals
• Corrections report

Accounts receivable

• Introduction to accounts receivable (debtors)
• Customer invoices and credits
• Account balances and credit terms
• Accounts receivable report (aged debtors)
• Customer statements
• Receiving payments from customers
See all 8 articles

Accounts payable

• Introduction to accounts payable (creditors)
• Vendor invoices
• Vendor credits
• Accounts payable report (aged creditors)
• Making vendor payments
• Remittance advice
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Working with accounts receivable and payable

• Payment allocation screen
• Allocating customer account balances
• Underpayments and overpayments
• Transferring account balances between contacts
• Financial history

Banking

• Bank accounts
• Bank receipts and deposits
• Bank payments and withdrawals
• Bank transfers
• Credit cards
• Bank matching and the transaction import
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Tax overview and configuration

• Introduction to tax
• Tax components
• Tax codes
• Tax zones
• Tax regimes
• Tax reporting for other countries
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Value added tax (VAT)

• Introduction to VAT
• Tax rules: VAT scheme
• The VAT return
• Populating the boxes on the VAT return
• Postponed VAT accounting (PVA)
• Reverse charge VAT
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Sales tax

• Tax rules: Sales tax scheme
• Sales tax reports

Inventory

• Introduction to accounting for inventory
• Perpetual vs periodic inventory accounting
• Purchases and inventory
• Accounting for goods out (shipping inventory)
• Accounting for goods in (receiving inventory)
• Accounting for inventory corrections
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Multi-currency

• Introduction to multi-currency accounting in Brightpearl
• Currencies and exchange rates
• Foreign currency banking
• Foreign currency orders
• Unrealized gains and losses

Accounting best practices

• Payroll and wages
• Analysis codes and reporting using projects
• Accounting for fees

Accounts reporting

• Trial balance
• Balance sheet
• Income statement / profit and loss
• Reconciling balance sheet control accounts
• EC sales report
• Data checker

Accounting periods and year end

• Accounting periods and year end
• Transferring data to IRIS

Troubleshooting and updates

• New features in Accounting
• FAQs about Brightpearl accounting
• Troubleshooting: The trial balance is imbalanced

Videos

• Video: Year end
• Video: Introduction to Brightpearl accounting (1)
• Video: Introduction to Brightpearl accounting (2)
• Video: Understanding profit
• Video: Inventory: First in first out (FIFO) valuation
• Video: Running & reconciling a VAT return
See all 7 articles