Bookkeeping Basics
Learn core accounting concepts and how to keep your books accurate
11 articles
- Make a transfer between different accountsLearn how to register an internal bank transfer in Shine. Create or select the right bank accounts in your chart of accounts and record money moved between accounts accurately in…
- Reconcile receivablesLearn how to reconcile your receivables in Shine. This guide explains how to check and match customer and other receivables at year-end to ensure your accounting records are accurate and…
- Book transfers from cash to bankLearn how to record a cash deposit into your bank account in Shine. Post the transaction from your company’s cash balance to your bank to keep your bookkeeping accurate.
- Refunds from suppliersLearn how to create and approve a supplier credit note in Shine. Record refunds or discounts from your suppliers correctly to adjust expenses and keep your bookkeeping accurate.
- Post private expenses in a companyLearn how to record and manage private employee expenses in Shine. Create a short-term liability account to track repayments and ensure your accounting stays accurate and transparent.
- Import cash journalIn Shine’s cash journal, you have the option to import entries made in Excel. To do so, please follow this guide.
- Customer payments in the daybookLearn how to register customer payments in the Shine daybook. Record invoice payments quickly and accurately to update your bookkeeping and mark invoices as paid.
- Manual posting of daily salesLearn how to record your daily cash reports in Shine. Follow this guide to book daily or monthly sales, including cash, card payments, and fees, ensuring your accounting stays accurate.
- How do I record depreciation in Shine?When you purchase a business asset that you expect to use for several years, such as a laptop, machine or company car, you generally don't record the entire cost as…
- How do I record business expenses paid privately in Shine?When you pay a business expense using your personal account or card, you have paid it privately on behalf of your business. You should still record the expense in your…
- How do I create a journal entry in Shine?A journal entry allows you to record amounts directly between ledger accounts without a corresponding bank transaction or invoice. This can be useful for depreciation, corrections or other accounting adjustments.