Introduction

Whether you have an accountant in your internal team OR you do it yourself OR you have chosen to outsource it, the financial accounting process is at the center of any business management system.

In Wela School System, accounting operations consists of 2 main transactions:

• Tellering: The payments that you raise to your Customers for the products or services you provide.
• Journal Entries: For accounting entries, like payments, credit and other types.

Here are the list of features needed to setup first for you to have an accounting process

1. Chart of Accounts
2. Opening Account Balances
3. Company and Item Default Accounts
4. Journal Entry