Accounting Overview | Retail Accounting Software in O2VEND

Comprehensive accounting overview in O2VEND covering chart of accounts, ledgers, day book, cash book, sales book, purchase book, and journal workflows.

O2VEND Accounting provides a structured system to record, classify, and reconcile every financial transaction generated across sales, purchase, inventory, and payments.

This module is designed for retail businesses that need accurate books, clear financial visibility, and audit-ready data.

What You Can Manage in Accounting

Chart of accounts setup
Ledger-level transaction tracking
Day-wise financial posting
Cash movement and bank movement summaries
Sales and purchase books
Journal and contra entries

Accounting Documentation Hub

Foundation Setup

Core Books

Voucher and Adjustment Entries

Accounting Workflow in O2VEND

Configure chart of accounts and account groups.
Post transactional entries from operations.
Review day book and ledger movement.
Validate cash/bank flows in cash book.
Cross-check sales and purchase books for period closure.

Why This Accounting Structure Helps

Improves financial accuracy for daily operations
Reduces reconciliation delays
Makes tax and compliance reporting easier
Supports faster month-end and year-end closing
Gives management clear profitability signals

Recommended Accounting Controls

Lock backdated entries after review periods.
Validate voucher narration standards.
Reconcile cash and receipt data every day.
Match purchase records with GRN and invoices.
Review ledger anomalies weekly.

Frequently Asked Questions

Is this accounting module suitable for retail ERP?

Yes. It is built to handle retail sales, purchases, and daily financial posting workflows.

Which reports should be checked daily?

Day Book, Cash Book, and key ledgers are the most common daily control reports.

Can accounting be reconciled with operational modules?

Yes. Sales, purchase, and receipt data can be cross-verified with accounting books in O2VEND.