This guide provides step-by-step instructions on how to configure your Accounting Settings in the Quipli admin console.
Setting up Accounting in Quipli
1. Accessing the Chart of Accounts:
In the Quipli admin console, click on the Accounting tab in the sidebar.
Select Chart of Accounts from the dropdown menu.
To view the line items that make up the total displaying for the account, click on the specific "Account Name" to view a more detailed breakdown:
2. Creating a New Account:
In the Chart of Accounts section, click on the Create Account button.
Fill in the account details in the pop-up window:
Account Number: Enter the unique number for the account.
Account Name: Enter the name of the account.
Account Type: Select the type of account (Income or Tax) from the dropdown.
Click Create to add the new account.
3. Setting Up Default Accounts:
Navigate to Accounting > Accounting Settings.
Set up different accounts for various line items on your invoices:
Default Income Account: this will be the default account for any line items not assigned a specific account from your Chart of Accounts
Default Rental Income Account: this will be the default account for all rental item revenue
Default Sale Income Account: this will be the default account for all sale item revenue
Delivery Income Account: this will be the default account for delivery & pick up revenue
Up-Charge Income Account: this will be the default account for all upcharge line items (please note: you will be able to select a different account on a per upcharge basis when adding the line item if needed)
Damage Waiver Income Account: this will be the default account for all damage waiver revenue
Discount Income Account:
Refund From Account:
Processing Fee Income Account:
Select the relevant account for each category.
When prompted if you want to update historical data, select "yes" if you want the historical line items on invoices to be re-assigned to the account you are selecting.
Conclusion
By following these steps, you can effectively set up and manage your Chart of Accounts and Accounting Settings in the Quipli admin console. If you have any further questions or need assistance, please contact our support team.