Visual Dolphin Accounting Software Tutorial Here

General Steps to Learning Accounting Software:

1. Introduction to the Software: Start by familiarizing yourself with the interface. Look for a user manual, guide, or help section within the software.

2. Setting Up Your Company: Most accounting software will require you to set up your company. This includes adding your company details, setting up bank accounts, and creating a chart of accounts. visual dolphin accounting software tutorial

3. Navigation: Understand the navigation menu. Typically, you will find sections related to: General Steps to Learning Accounting Software:

   • Invoices and Sales: Creating and managing invoices, tracking sales.
   • Expenses: Recording and categorizing expenses.
   • Banking: Connecting bank accounts, reconciling statements.
   • Reporting: Generating financial reports.

4. Creating Transactions: Learn how to create and manage different types of transactions such as: Introduction to the Software : Start by familiarizing

   • Invoices: Sales invoices, credit notes.
   • Bill Payments: Recording payments to suppliers.
   • Journal Entries: Making adjustments directly to the ledger.

5. Reconciliations: Understand how to perform bank reconciliations and other types of reconciliations to ensure accuracy.

6. Reporting and Analysis: Learn how to generate and interpret financial reports such as balance sheets, income statements, and cash flow statements.

4.1 Creating an Item Master

1. Go to Inventory > Item Master.
2. Fill in:
   • Item Code: LAP-001
   • Description: Dell XPS 15
   • Unit: PCS
   • Costing Method: Moving Average (Most common) or FIFO.
   • Re-order Level: 5 units.
3. Click Price List tab to set selling prices (Retail vs. Wholesale).

Purchase (Bills)

Transactions → Purchase Invoice

• Select supplier → enter bill number & date
• Add items → landed cost (freight, insurance, unloading) can be distributed across items
• Tax calculation similar to sales
• Credit purchase updates supplier ledger; cash purchase deducts cash/bank

Contra & Journal

• Contra: Cash ↔ Bank transfers (e.g., deposited cash to current account)
• Journal: Non-cash adjustments (depreciation, provisions, corrections)

1. Preparation (what you'll need)

• Company legal name, address, tax ID
• Opening balances for assets, liabilities, equity (as of your start date)
• Chart of accounts preferences (sample provided below)
• Bank account login or recent statements
• Customer and vendor lists
• Default tax rates used by your business
• Preferred date format and fiscal year start

4. Daily Workflows