09-03-2024, 03:06 AM
BS1 Accounting Software Tutorial
Welcome to the BS1 Accounting software tutorial! BS1 Accounting is a robust, easy-to-use software designed for small and medium-sized businesses to manage their accounting needs. This tutorial will guide you through the basics of using BS1 Accounting, from setting up your company to managing your finances and generating reports.
1. Installing BS1 Accounting Software
Step 1: Download BS1 Accounting.
- Visit the BS1 Software website and download the latest version of BS1 Accounting.
Step 2: Install the software.
- Run the downloaded installer file and follow the on-screen instructions to install BS1 Accounting on your computer.
- Once the installation is complete, launch the application.
Step 3: Initial setup.
- When you first open BS1 Accounting, you will be prompted to create a new company. Follow the prompts to set up your company information, including company name, address, and fiscal year start date.
2. Setting Up Your Company in BS1 Accounting
Step 1: Enter company information.
- Go to Setup > Company Information.
- Fill in your company details such as name, address, phone number, and email. Click Save to apply your settings.
Step 2: Configure financial settings.
- Navigate to Setup > General Ledger.
- Set up your chart of accounts, including assets, liabilities, income, and expenses. You can add new accounts or modify existing ones to match your business needs.
Step 3: Set up tax codes.
- Go to Setup > Tax Codes to define the tax rates that apply to your transactions. You can create multiple tax codes if your business operates in different tax jurisdictions.
Step 4: Add customers and vendors.
- To add customers, go to Accounts Receivable > Customers > Add Customer.
- To add vendors, go to Accounts Payable > Vendors > Add Vendor.
- Enter their details such as name, address, contact information, and payment terms, then click Save.
3. Managing Accounts Receivable
Step 1: Create an invoice.
- Go to Accounts Receivable > Invoices > Create Invoice.
- Select the customer, and enter the invoice details including items, quantities, prices, and tax.
- Click Save to generate the invoice. You can print or email the invoice directly to the customer.
Step 2: Record customer payments.
- Navigate to Accounts Receivable > Payments > Enter Payment.
- Select the customer, enter the payment details, and apply the payment to the outstanding invoice(s).
- Click Save to record the payment.
Step 3: Manage customer accounts.
- To view a customer’s account, go to Accounts Receivable > Customer Accounts.
- You can view the outstanding invoices, payments made, and account balance for each customer.
4. Managing Accounts Payable
Step 1: Enter a vendor bill.
- Go to Accounts Payable > Bills > Enter Bill.
- Select the vendor, and enter the bill details including items or services, amounts, and tax.
- Click Save to record the bill.
Step 2: Process vendor payments.
- Navigate to Accounts Payable > Payments > Enter Payment.
- Select the vendor, choose the payment method, and apply the payment to the outstanding bill(s).
- Click Save to process the payment.
Step 3: Manage vendor accounts.
- To view a vendor’s account, go to Accounts Payable > Vendor Accounts.
- You can view outstanding bills, payments made, and the account balance for each vendor.
5. Managing General Ledger
Step 1: Record journal entries.
- Go to General Ledger > Journal Entries > New Entry.
- Enter the date, accounts to debit and credit, and the amounts.
- Add a description for the entry and click Save to record it.
Step 2: Reconcile bank accounts.
- Navigate to General Ledger > Bank Reconciliation.
- Select the bank account, enter the statement date, and check off transactions that match your bank statement.
- Adjust the bank balance for any outstanding items, then click Save to complete the reconciliation.
Step 3: Close the accounting period.
- At the end of an accounting period, go to General Ledger > Close Period.
- Review the financial statements and click Close Period to lock the period and prevent further changes.
6. Generating Financial Reports
Step 1: Generate a profit and loss statement.
- Go to Reports > Financial Statements > Profit and Loss.
- Select the date range and click Generate Report to view the income and expenses for the period.
Step 2: Generate a balance sheet.
- Navigate to Reports > Financial Statements > Balance Sheet.
- Select the date and click Generate Report to view the assets, liabilities, and equity of the business.
Step 3: Run accounts receivable and payable reports.
- For accounts receivable, go to Reports > Accounts Receivable > Aging Report.
- For accounts payable, go to Reports > Accounts Payable > Aging Report.
- Select the criteria and click Generate Report to view outstanding amounts and aging.
Step 4: Exporting reports.
- All generated reports can be exported to Excel, PDF, or printed directly from the report viewer by clicking the Export or Print button.
7. Backing Up and Restoring Data
Step 1: Back up your data.
- It’s crucial to regularly back up your accounting data. Go to File > Backup Data.
- Choose a location to save the backup file and click Save.
Step 2: Restore data from a backup.
- If you need to restore data, go to File > Restore Data.
- Select the backup file and click Open to restore your data.
8. Customizing BS1 Accounting
Step 1: Customize invoice templates.
- Go to Setup > Invoice Templates.
- Select a template to customize, add your logo, adjust the layout, and modify the text as needed.
Step 2: Set up user roles and permissions.
- Navigate to Setup > User Roles.
- Create new user roles and assign specific permissions based on their responsibilities within the company.
Step 3: Configure system preferences.
- Go to Setup > Preferences to adjust system-wide settings such as default currencies, date formats, and notification preferences.
Conclusion
This tutorial has introduced you to the basics of using BS1 Accounting software, from setting up your company to managing accounts receivable, accounts payable, and generating financial reports. BS1 Accounting is a powerful tool that can help you efficiently manage your business finances, ensuring accurate and timely financial management.
Happy Accounting!
Welcome to the BS1 Accounting software tutorial! BS1 Accounting is a robust, easy-to-use software designed for small and medium-sized businesses to manage their accounting needs. This tutorial will guide you through the basics of using BS1 Accounting, from setting up your company to managing your finances and generating reports.
1. Installing BS1 Accounting Software
Step 1: Download BS1 Accounting.
- Visit the BS1 Software website and download the latest version of BS1 Accounting.
Step 2: Install the software.
- Run the downloaded installer file and follow the on-screen instructions to install BS1 Accounting on your computer.
- Once the installation is complete, launch the application.
Step 3: Initial setup.
- When you first open BS1 Accounting, you will be prompted to create a new company. Follow the prompts to set up your company information, including company name, address, and fiscal year start date.
2. Setting Up Your Company in BS1 Accounting
Step 1: Enter company information.
- Go to Setup > Company Information.
- Fill in your company details such as name, address, phone number, and email. Click Save to apply your settings.
Step 2: Configure financial settings.
- Navigate to Setup > General Ledger.
- Set up your chart of accounts, including assets, liabilities, income, and expenses. You can add new accounts or modify existing ones to match your business needs.
Step 3: Set up tax codes.
- Go to Setup > Tax Codes to define the tax rates that apply to your transactions. You can create multiple tax codes if your business operates in different tax jurisdictions.
Step 4: Add customers and vendors.
- To add customers, go to Accounts Receivable > Customers > Add Customer.
- To add vendors, go to Accounts Payable > Vendors > Add Vendor.
- Enter their details such as name, address, contact information, and payment terms, then click Save.
3. Managing Accounts Receivable
Step 1: Create an invoice.
- Go to Accounts Receivable > Invoices > Create Invoice.
- Select the customer, and enter the invoice details including items, quantities, prices, and tax.
- Click Save to generate the invoice. You can print or email the invoice directly to the customer.
Step 2: Record customer payments.
- Navigate to Accounts Receivable > Payments > Enter Payment.
- Select the customer, enter the payment details, and apply the payment to the outstanding invoice(s).
- Click Save to record the payment.
Step 3: Manage customer accounts.
- To view a customer’s account, go to Accounts Receivable > Customer Accounts.
- You can view the outstanding invoices, payments made, and account balance for each customer.
4. Managing Accounts Payable
Step 1: Enter a vendor bill.
- Go to Accounts Payable > Bills > Enter Bill.
- Select the vendor, and enter the bill details including items or services, amounts, and tax.
- Click Save to record the bill.
Step 2: Process vendor payments.
- Navigate to Accounts Payable > Payments > Enter Payment.
- Select the vendor, choose the payment method, and apply the payment to the outstanding bill(s).
- Click Save to process the payment.
Step 3: Manage vendor accounts.
- To view a vendor’s account, go to Accounts Payable > Vendor Accounts.
- You can view outstanding bills, payments made, and the account balance for each vendor.
5. Managing General Ledger
Step 1: Record journal entries.
- Go to General Ledger > Journal Entries > New Entry.
- Enter the date, accounts to debit and credit, and the amounts.
- Add a description for the entry and click Save to record it.
Step 2: Reconcile bank accounts.
- Navigate to General Ledger > Bank Reconciliation.
- Select the bank account, enter the statement date, and check off transactions that match your bank statement.
- Adjust the bank balance for any outstanding items, then click Save to complete the reconciliation.
Step 3: Close the accounting period.
- At the end of an accounting period, go to General Ledger > Close Period.
- Review the financial statements and click Close Period to lock the period and prevent further changes.
6. Generating Financial Reports
Step 1: Generate a profit and loss statement.
- Go to Reports > Financial Statements > Profit and Loss.
- Select the date range and click Generate Report to view the income and expenses for the period.
Step 2: Generate a balance sheet.
- Navigate to Reports > Financial Statements > Balance Sheet.
- Select the date and click Generate Report to view the assets, liabilities, and equity of the business.
Step 3: Run accounts receivable and payable reports.
- For accounts receivable, go to Reports > Accounts Receivable > Aging Report.
- For accounts payable, go to Reports > Accounts Payable > Aging Report.
- Select the criteria and click Generate Report to view outstanding amounts and aging.
Step 4: Exporting reports.
- All generated reports can be exported to Excel, PDF, or printed directly from the report viewer by clicking the Export or Print button.
7. Backing Up and Restoring Data
Step 1: Back up your data.
- It’s crucial to regularly back up your accounting data. Go to File > Backup Data.
- Choose a location to save the backup file and click Save.
Step 2: Restore data from a backup.
- If you need to restore data, go to File > Restore Data.
- Select the backup file and click Open to restore your data.
8. Customizing BS1 Accounting
Step 1: Customize invoice templates.
- Go to Setup > Invoice Templates.
- Select a template to customize, add your logo, adjust the layout, and modify the text as needed.
Step 2: Set up user roles and permissions.
- Navigate to Setup > User Roles.
- Create new user roles and assign specific permissions based on their responsibilities within the company.
Step 3: Configure system preferences.
- Go to Setup > Preferences to adjust system-wide settings such as default currencies, date formats, and notification preferences.
Conclusion
This tutorial has introduced you to the basics of using BS1 Accounting software, from setting up your company to managing accounts receivable, accounts payable, and generating financial reports. BS1 Accounting is a powerful tool that can help you efficiently manage your business finances, ensuring accurate and timely financial management.
Happy Accounting!
