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 authors10 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
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.