You’ve made it to the CloseWise accounting tutorial series.
In this short series we will go over the 4 accounting pages in your account.
Income List
Expenses
Invoicing
Profit & Loss Reports
By learning how to manage your accounting section you will be able keep all of your business finances easily monitored and up to date.
Let’s start with Part 1. The Income List
The income list is where all orders that warrant payment will display. This is where you can keep track of what has been paid and what is pending payment. You can also add income not associated with orders from your dashboard.
From the lined items below checks and other payments received can be processed and cleared.
At the top of your screen, you will notice several filters to narrow down orders for check processing. These filters include a search by file number, date range, client, and paid vs pending payment status.
You’ll notice quick glance overviews that display totals based on filters selected. This overview is only available for pro subscribers.
When processing payments received, you’ll want to select the check box on the right of the order. Once selected you can enter the payment amount you received to clear or reduce the balance.
Once you enter the amounts, at the bottom of the screen you have the option the add the check date and reference number.
Once you click record payments balances and notes will be updated.
If you have additional income you want to track or add directly after a job, you can do so by clicking the ADD INCOME button at the top of the screen.
From here you can add the date, amount of payment, client invoice email, and any notes.
If you toggle send invoice, once you click add an email will auto send to this client for payment branded from you. Adding additional income can be very useful as not all self-employment work may be associated with an order on your dashboard.