The HirePOS Bookkeepoing Module is designed for smaller cash-based businesses that do not already have accounting software.

Read more about Bills and Expenses in the dedicated guide: https://docs.hirepos.com/en/articles/2330881

The New Deposit (Sales Income) feature in HirePOS allows you to merge multiple payments received into your bank account. Follow these steps to create a new bank deposit:

• Go to Banking > New Deposit (Sales Income).

• Select the Bank Account to merge the payments into.

• Check off the payments to merge.

• Enter a Reference for the deposit.

• Click Save & Complete to finish the deposit process.

Use the Other Income feature to record income not generated from invoice payments. Follow these steps to record other income:

• Go to Banking > New Deposit (Other Income).

• Switch the Status mode to Pending or Received.

• Enter the customer/creditor, Payment Date, Income Account, and other relevant details.

• Click Save New when completed.

Account Transfers allow you to move money between bank accounts efficiently. Follow these steps to perform a new account transfer:

• Navigate to Banking > New Account Transfer.

• Select the Account From and Account To.

• Define the Expenditure and Income accounts for the transfer.

Bank Reconciliation is crucial for ensuring accurate financial records. Follow these steps to reconcile your bank account:

• Go to Banking > Bank Reconciliation.

• Select the bank account and enter the Opening Balance.

• Mark off transactions and ensure the Closing Balance matches.

• Click Reconcile Completed to finalize the reconciliation.

If you need to edit reconciled payments, you can undo a bank reconciliation by going to Banking > Bank Reconciliation and selecting Undo Last Reconcile.

If you cannot use Bank Feeds, you can import bank transactions via a CSV file. Follow these steps to import and match transactions.

To manage loan payments effectively, set up your loan details, record initial expenses, and make regular payments. Follow the steps outlined in the guide to track and manage your loan repayments.

You can use Bank Feeds to connect to your bank and retire statements in the background.

For more information, please see the dedicated Bank Feeds article: https://docs.hirepos.com/en/articles/3161153