Journal entries
Create manual journals, import from Excel, and post or reverse transactions.
Reports
Run financial statements, ageing reports, and budget-versus-actual summaries.
What Finance covers
| Area | What you can do |
|---|---|
| Chart of accounts | Create and organise accounts by type (asset, liability, equity, income, expense) |
| Account types | Define custom account categories to group your accounts |
| General journal | Post manual debit/credit entries with supporting documents |
| Transaction review | View, edit, post, and reverse any transaction by type and date range |
| Budgeting | Set budget amounts per account and period; compare actuals against budget |
| Tax amendments | Adjust tax-payable balances within a period |
| Departments | Assign transactions to departments for departmental reporting |
| Currencies | Record foreign-currency transactions with exchange rates |
| Fiscal year | Define your accounting year and periods in System Administration |
How Finance connects to other modules
Every operational module in OMBA posts to the general ledger automatically:- Sales — invoices, refunds, and POS closures create journal entries against your sales and debtors accounts.
- Purchases — goods received and supplier invoices post to creditors and inventory accounts.
- Banking — deposits and withdrawals post directly to your bank and cash accounts.
- Payroll — a payroll run creates payroll journal entries covering gross pay, deductions, and employer contributions.
- Fixed assets — asset acquisitions and depreciation runs post to the asset and accumulated-depreciation accounts you configured on each asset class.
- Inventory — stock adjustments and transfers post to inventory accounts.