Accounting

The Accounting module in NexWave provides comprehensive financial management capabilities for your business.

Accounting module overview

Key Features

Chart of Accounts

• Hierarchical account structure

• Account types (Asset, Liability, Income, Expense, Equity)

• Custom account creation and management

Journal Entries

• Manual journal entries for adjustments

• Multi-currency support

• Automatic numbering and sequencing

General Ledger

• Complete transaction history

• Account-wise filtering

• Date range reports

Financial Statements

• Balance Sheet

• Profit and Loss Statement

• Cash Flow Statement

• Trial Balance

Bank Reconciliation

• Match bank transactions with system entries

• Auto-matching capabilities

• Reconciliation reports

Tax Management

• GST tracking and reporting

• Tax category configuration

• BAS preparation support

• New Zealand GST Report - Generate GST returns for IRD

• Australia BAS Report - Generate BAS returns for ATO

Related Features

• New Zealand GST Report - Generate GST returns aligned with IRD GST101A form

• Australia BAS Report - Generate BAS returns aligned with ATO BAS form

• Bank Feeds - Automatic transaction import via Akahu

• Import Bank Statement - Manual statement uploads

Navigation

Access the Accounting module from the sidebar: Accounting menu

Common tasks

Step-by-step task guides from the User Guide:

• Chart of Accounts

• Payment Terms and Templates

• Budget and Distribution Sets

• Currencies and Exchange Rates

• Managing Company Settings

• Journal Entry

• Create Journal Entry Template in Accounting

• Accounting Dashboard

• Trial Balance Report

• Profit and Loss Statement

• Balance Sheet Report