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Rushabh Mehta
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# Accounts
At the end of sales and purchase cycle comes billing and payments. You may have
an accountant in your team, or you may be doing accounting yourself, or you may
have outsourced your accounting. In all the cases financial accounting forms the core of any business management system like an ERP.
Whether you have an accountant in your internal team OR you do it yourself OR you have chosen to outsourced it,
the financial accounting process is almost always at the center any business management system (aka an ERP system).
In ERPNext, your accounting operations consists of 3 main transactions:
* Sales Invoice: The bills that you raise to your Customers for the products or services you provide.
* Purchase Invoice: Bills that your Suppliers give you for their products or services.
* Journal Entries: For accounting entries, like payments, credit and other types.
In ERPNext, your accounting operations consists of 3 main types of transactions:
* Sales Invoice: Which is a record of the bills that you raise to your Customers for the products or services you provide.
* Purchase Invoice: Which is a record of the bills that your Suppliers give you for their products or services provided to you.
* Journal Entries: For accounting entries, like payments, credit and other types of adjustments you want to record.
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