Finance & Accounting

CarbonShelf comes with full-fledged, modular and highly customizable double entry accounting system. Accounting System is fully integrated with all other modules to provide business and financial status in real time. All financial statements are built in real-time – see the effect of a sale or purchase in your balance-sheet right away!

Double Entry Accounting System

  • Full-fledged Double Entry Accounting System ready out of the box with virtually no configuration required
  • Advanced search engine to search entries based on ledger, entry type, entry number, tag, date, narration, amount, type
  • Set series per voucher type. Add entry numbers manually or have system generate them
  • All important financial statements ready out of the box
  • Reconcile entries and see reconciliation reports
  • Add custom narration per entry

Groups & Ledgers

  • Manage multiple companies together
  • Automatic creation of ledgers for various Ledger Enabled Resources
    • Customers and Vendors
    • Products and Packagings
    • Taxes
  • Maintain ledgers in different currencies

Reporting Period

  • Automatic creation of default current reporting period
  • Switch between company and reporting period seamlessly

CarbonShelf natively supports multiple companies, custom reporting periods, Cost Accounting and provides all financial statements along with plethora of tools to ease ledger creation, carry forward and sync’ing data between reporting periods.

Service fee

Advanced Reporting

  • Invoice overdue report – slice and dice for invoice payable, invoice receivable, age, vendor/customer, date
  • All important financial statements available out of the box – Balance Sheet, Profit & Loss, Trial Balance
  • Ledger Statement for any account over custom time periods
  • Online reconciliation Reports
  • Print individual Ledger Entries
  • Download reports, entries, search results in csv, pdf or xls formats, print reports

Customize to your business needs

  • Create custom groups and ledgers
  • Create custom voucher types. Payment, Receipt, Contra and Journal available out of the box
  • Configurable as to when you want accounting entries done – upon sending a consignment, when consignment received by buyer, upon invoice generation or request us for more options.
  • Multi-Currency – customer ledger can be in any currency
  • Create any number of reporting periods per company/vendor/customer. Groups and Ledgers gets copied automatically from previous reporting period into new reporting period automatically upon creation.
  • Configurable as to when you want accounting entries done – upon sending a consignment, when consignment received by buyer, upon invoice generation or request us for more options.

Cost Accounting

  • Automatic assignment of sale proceeds into COGS and sale appropriately, in real time.
  • Update Stock Value automatically upon purchase
  • Update Stock Value appropriately upon transformation; transfer stock value from input to output with weighted average.
  • Automatic creation of Inventory group and Inventory Ledger for each Stock Item to account for stock value based on sale/purchase consignments.

Fully integrated with other systems

  • Automatic Ledger creation for key resources like Customer, Vendors, Products, Taxes
  • Automatic journal entry posting for sales
  • Automatic journal entry posting for purchase
  • Automatic journal entry posting for returns from sale/purchase
  • Automatic journal entry posting on transformation activities
  • Ability to link payments to invoices/consignments
  • Minimize work in switching reporting periods. Easily sync ledgers between reporting periods