Finance module foundations

Proactiq Finance uses double-entry accounting. Every transaction has two sides. KEY CONCEPTS: INVOICE: A bill you send to a customer. When paid it becomes revenue. EXPENSE: Money your business spends, categorised into accounts. JOURNAL ENTRY: A manual accounting entry for complex transactions. CHART OF ACCOUNTS: The master list of all account categories, pre-configured for Indian businesses. You do not need accounting knowledge. The system handles double-entry automatically.