Getting started with accounting
Set up your chart of accounts, opening balances and currency before the first invoice posts a journal entry.
Chart of accounts — types, groups and codes
Five account types and how they ladder up into the balance sheet and P&L. Plus naming conventions that survive growth.
Journal entries — automatic and manual
Every Vendly transaction posts a journal entry automatically. When (and how) you should ever raise a manual one.
Reading your financial statements
Profit & Loss, Balance Sheet, Cash Flow — what each one tells you about the business and which questions it answers.
Closing periods and year-end
Lock a month so no one back-dates a transaction into a closed period. Plus the year-end checklist.
Bank and ledger reconciliation
Match every bank statement line to a transaction in Vendly. Catches missing entries and double-postings before they reach the trial balance.