These two types of accounting, the Cash book and Income & Expense accounting, are tailor made to manage the accounting of small companies, associations, someone's own business, or for projects. They can be configured with or without VAT.
The Cash book is used to keep track of the income and expenses of one single account (cash, bank account, clients, suppliers, etc.)
The Income & Expense accounting allows the user to manage income and expenses of several accounts.
Table accounts and Categories
The estate accounts are entered in the table accounts. Only one single account is inserted in the Cash book (cash, bank account, postal account ...). In Income & Expense accounting instead, several accounts are entered in the table accounts (cash, customers, suppliers...). In the case of Income & Expense accounting the opening balances of liabilities accounts have to be entered with a minus sign in front (negative).
Income and cost categories are entered in two main groupings in the table Categories. Sometimes they may have subgroups. The together of categories determines the gain or loss of the accounting year.
Subjects similar to Double-entry accounting