Accounting

They are the one who is responsible for the financial statements that focus on the records and reports of the company's financial transactions, performance, and cash flows.

Journal Entry: Outstanding Balance

In WELA v2, Journal Entry will be used to manage accounting entries such as outstanding balances, assets, receivables, liabilities and expenses. Journal Entry can be used both for Basic Education and College students. Follow these steps below to disseminate /allocate properly the outstanding balance of accounts. Login to the portal.

Setup Accounting

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

The Journal Entry

A Journal Entry is an entry made in the general ledger and it indicates the affected accounts. A Journal Entry is a multi purpose transaction where the debit and credit accounts can be selected. All types of accounting entries other than Sales and Purchase transactions are made using the Journal

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