Accounting

Accounting

Welcome to the Accounting guide! This section covers everything you need to manage your business finances in Exacc, from connecting your bank accounts and processing transactions to maintaining your Chart of Accounts and ensuring compliance.

Whether you are importing bank feeds, creating journal entries, reconciling accounts, or preparing for period-end close, these step-by-step tutorials will help you maintain accurate financial records. You will learn how to automate repetitive tasks with bank rules, attach receipts for audit trails, manage GST settings, and leverage powerful tools like Find and Update to work more efficiently within Exacc's comprehensive accounting ecosystem.

Topics and Tutorials

How to Connect Bank Account

Link your business bank accounts to Exacc for automated transaction imports and real-time reconciliation

How to Process Bank Feeds

Automatically import and categorise bank transactions to streamline your bookkeeping workflow

How to Manage Your Connections

View, edit, or disconnect linked bank accounts and manage connection settings

How to Add Bank Rule

Create automated rules to categorise recurring transactions and save time on data entry

How to Change Bank Rule

Edit or update existing bank rules to improve accuracy and adapt to changing business needs

What is Find and Update and How to Use It

Bulk update multiple transactions at once using powerful search and filtering tools

How to Review Transactions

Verify, reconcile, and approve imported transactions to ensure accurate financial records

How to Add General Journal

Create manual journal entries for adjustments, accruals, and period-end transactions

How to Add Bank Transaction

Manually record individual bank transactions when automatic feeds are unavailable

How to Import Transactions Using CSV

Bulk import bank statements and transaction data from CSV files for quick data entry

How to Convert PDF Statement into CSV

Transform PDF bank statements into CSV format for seamless import into Exacc

How to Manage Previous Imports

View import history, track errors, and reverse or correct previous CSV uploads

What is Chart of Accounts and How to Manage It

Understand your financial structure and customise account categories for accurate reporting

How to Add New Account in Chart of Accounts

Create custom accounts to track specific revenue, expenses, assets, or liabilities

How to Reconcile Bank Accounts

Match bank statements with recorded transactions to ensure accuracy and completeness

Understanding GST and Tax Settings

Configure GST codes, tax rates, and reporting settings for Australian compliance

How to Attach Receipts to Transactions

Upload and link supporting documents to transactions for complete audit trails

Multi-Currency Transactions

Record and manage transactions in foreign currencies with automatic exchange rate updates

Creating Recurring Transactions

Set up automated recurring entries for regular expenses, invoices, or payments

Month-End and Year-End Closing

Complete financial period close procedures and prepare for new accounting periods