Metro ERP Accounting Onboarding Guide
To configure your Metro ERP Accounting settings for the onboarding process, follow these steps:
1) Access the Accounting module: You can access the Accounting module from the main dashboard: Click on the Accounting application icon. (Refer below screenshot).
2) The initial onboarding setup options for your accounting system can be found in the accounting dashboard. (Refer below screenshot).
3) Set Up Your Company Data
Begin by clicking the "Let's Start!" button within the company data setup section. This will launch the "Set Your Company Data" dialog.
Within the "General Information" tab, provide the following details:
a. Company Name
b. Address
c. Phone and Email Address
d. Unique Entity Number (UEN) and UEN Type
e. Tax ID (if applicable)
f. Company Registry (if applicable)
g. You can also upload your company logo image for a more personalized.
Users can edit and update their company details. Click Here: More Info
Fill out all the fields in the form and click on the "Apply" button, then this step is displayed with All done! stage.
Within the pop-up window, navigate to the "Other Information" tab.
This window allows you to configure your invoicing settings:
• Set your invoicing terms and conditions, which will appear on all invoices you create.
• Enable the multi-currency option, allowing you to create invoices in other currencies.
• Analytic Accounting - If you want to leverage analytic accounting functionalities
For more information on updating your company terms and condition in the future. Click Here: More Info
Once you've updated all necessary fields according to your company policy, click Save or Apply to finalize your settings.
It is enabling multicurrency support. Metro ERP supports multiple currency options for quotation/invoice generation. You can configure the system to include various currencies based on your business requirements. This allows you to reach international clients and provide quotations in their preferred currency, making it easier for them to understand the costs and make informed decisions. - Click Here:
Analytical accounting allows you to keep track of costs and revenues. It also allows you to analyze the profitability of your project or service. As you create your journal entries, you can use the analytic widget to divide costs into one or multiple analytic accounts. - Click Here:
4) Now, click on the "Customize" button from the Invoice Layout setup and view the "Invoice Layout" dialog.
This section allows you to customize invoice layouts, report headers, footers, and other configurations. Tailor these settings to your specific needs and click on the "Apply" button. This step is displayed in the Step Completed! stage.
Here, you can enter your desired invoice option in the provided layout. Utilize this tool to tailor the visual presentation of your documents. Choose from a variety of layout templates, paper formats, colors, fonts, and logos to craft a unique appearance. Additionally, incorporate your company tagline and customize the footer content for your documents. Metro ERP seamlessly integrates your company's contact details, including phone number, email, website URL, and Tax ID (or VAT number), as per the settings you've established in the company data. This module contains a set of colorful designs. The end user can configure the invoice fields easily. You have to activate developer mode for this. This report is only available in English language.
It is also displayed under the Reports Configuration Settings page. For more information on updating your invoice report layout in the future.. Click Here: More Info
5) Now, click on the " Configure" button from the Accounting Periods setup and view the "Accounting Periods" dialog.
Please provide the starting and ending dates for your Fiscal Year, essential for automated report generation, and specify your Tax Return frequency. Additionally, a gentle reminder to stay vigilant about tax return deadlines. By default, the Fiscal Year commences on January 1st and concludes on December 31st, aligning with common practice. It is created by year, or quarter wise. For more information on updating your Fiscal Year details in the future. Click Here: More Info
Fill out the fields as per your needs in the form and click on the "Apply" button. This step is displayed in the Step Completed! stage.
5) Click the "Review" button in the Chart of Accounts setup to view the "Chart of Accounts" dialog box.
This dialog box allows you to:
- Set opening and closing balances for individual accounts.
- Edit account details, including code, name, type, and reconciliation status.
For additional actions with your Chart of Accounts, such as deleting accounts, adding new accounts, etc., Click Here: More Info
Let's assume you have a large number of chart of account entries and want to import them all at once. Metro ERP's bulk import functionality is perfect for this scenario! We'll guide you through the process step-by-step. Click Here: More Info
6) Now, click on the " Set Taxes" button from the Taxes setup and view the "Taxes" dialog.
Fill out the fields as per your needs in the form and click on the "Apply" button. This step is displayed in the Step Completed! stage.
Default taxes specify which taxes are selected automatically when a new product is created. It is also used to fill the 'Taxes' field when a new line is added to an invoice in 'Accounting Firms mode'. - Click Here: More Info
7) Now, click on the "Add Bank Account" button from the bank account setup and view the "Create a Bank Account" dialog.
Fill out the fields as per your needs in the form and click on the "Create" button. This step is displayed in the Step Completed! stage.
You can manage as many bank or cash accounts as needed on your database. Configuring them well allows you to have all your banking data up-to-date and ready for reconciliation with your journal entries. In ERP Accounting, each bank account has a dedicated journal set to post all entries in a dedicated account. Both the journal and the account are automatically created and configured whenever you add a bank account. - Click Here:
The user has completed the final step of bank account setup, indicating that the Accounting Onboarding process has been completed successfully.
You can click on the closed icon so Accounting Onboarding panel has been closed/remove from the accounting dashboard page.
The Metro ERP Accounting dashboard provides a convenient starting point for configuring your company profile. To begin, locate the "Company Data" section within the initial setup steps. Here, you'll be able to enter essential details that identify your business, including Click Here:
Bulk Invoicing allows you to perform certain actions on multiple invoices at once, saving you time and effort. Click Here: More Info
It will walk you through creating a miscellaneous entry in the Metro ERP Accounting module. A miscellaneous entry allows you to record financial transactions that don't fit neatly into other categories like sales, purchases, or payroll. Click Here: More Info
To get more details how to setup Accounting Onboarding Guide in Metro ERP, please do contact us at support@metrogroup.solutions