Understanding More
This collection includes informational articles that explain general accounting concepts and the logic behind some Indigo Business behaviours.
By Marie and 1 other2 authors11 articles
Accounting Concepts
Informational articles about general accounting concepts
- Understanding Journals and Ledgers in AccountingExplore the basics of journals, posting, and ledgers to boost your accounting knowledge and skills
- About VAT and VAT ReturnsWhat is VAT? What are VAT returns? Find out the answers to these questions here
- VAT Transactions ExplainedA quick guide to understand when VAT transactions are used and which methods you can follow according to your scenario
- All about Accounts in AccountingDive into the theory of accounts before practicing with Indigo Business
- How Accounts React to Debits and Credits in Double Entry AccountingLearn about Double Entry, Debits and Credits and how nominal accounts react to them
- What is a Financial Statement?Explaining the main financial reports and what they reveal about a business
- Understanding the Exchange Gain/Loss AccountLearn more about an Exchange Gain/Loss account and how it is used by the system to address gain or loss due to currencies rates fluctuations
Indigo Business Behaviours
Informational articles covering the logic behind some Indigo Business behaviours.
- Tran ID Assignment and its Grouping Logic in Indigo BusinessLearn more on how Indigo Business assigns unique IDs to transactions and how they are grouped
- Special and Control Account Types ExplainedLearn how to categorise your accounts more accurately based on their role within your business
- How are Exchange Rates Computed in Indigo Business?A deeper look at how currencies work in accounting
- The VAT Control and Annual VAT AccountsFind out why we have two VAT accounts in the system and what they are for.