> ## Documentation Index
> Fetch the complete documentation index at: https://ombamanual.ombaerp.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Finance in OMBA: accounts, journals, and budgeting

> OMBA Finance covers accounts, journals, budgeting, tax, and transaction review — everything your team needs to manage the books in one place.

The Finance module in OMBA gives you a complete picture of your company's financial position. From the chart of accounts and general journals through to budget tracking, tax amendments, and multi-currency support, every financial transaction recorded elsewhere in OMBA — sales, purchases, banking, payroll — flows into Finance automatically.

<CardGroup cols={2}>
  <Card title="Journal entries" icon="file-pen" href="/finance/journal-entries">
    Create manual journals, import from Excel, and post or reverse transactions.
  </Card>

  <Card title="Reports" icon="chart-bar" href="/finance/reports">
    Run financial statements, ageing reports, and budget-versus-actual summaries.
  </Card>
</CardGroup>

## 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.

<Tip>
  To keep your books clean, set up your chart of accounts and fiscal year in **System Administration** before recording any transactions. See [Configure OMBA for your business](/admin/system-setup) for the recommended setup order.
</Tip>

## Finance dashboard

Open the Finance module to see the **Finance Dashboard**, which displays key balances and recent activity at a glance. Use the date filter at the top to scope the view to any period.