TRANXACT.AI Training

Accounting

Everything that happens anywhere in TRANXACT ends up here.

A receipt in the warehouse, a payroll run, a closed opportunity, a billed encounter — each becomes a journal, and every journal lands in the same trial balance. Accounting is not a module beside the others so much as the place they all arrive. That is why the rules here are the strict ones: a journal that does not balance is refused, and a period that is closed refuses postings whatever produced them.

Watch for: The two refusals you will meet first: unbalanced, and closed period. They look similar on screen and have completely different answers.

Lessons opened: 0/45

Ledger

The book of record, the books beside it, what stands on them, and the group’s companies added up.

Lesson General Ledger The book of record and the calendar that governs it. 3 screensOpen Lesson Ledgers & Principles One book per set of rules, the rates they translate at, and the same account under every principle side by side. 6 screensOpen Lesson Assets Capitalized assets, their depreciation, and who is holding each of them. 6 screensOpen Lesson Asset Accounting The register, and the four books that value it differently. Acquisition, transfer, revaluation, impairment, retirement and disposal are movements, not columns. 7 screensOpen Lesson Capital Planning What the depreciation charge becomes over five years, and what it becomes if we do X. 3 screensOpen Lesson Intercompany Two of our companies traded with each other: raise both sides together, agree them before the close, and mark them so the group can take them out. 3 screensOpen Lesson Consolidation Adding the companies up is not SUM(): translate, eliminate, take the minority’s share, and keep the arithmetic. 7 screensOpen

Working Capital

What is owed either way, what people spend on the company’s behalf, and the cash that settles it.

Lesson Payables & Receivables Supplier invoices in, customer invoices out, and the cash that settles them. 6 screensOpen Lesson Card Payments Customers’ cards on file, the recurring charges they agreed to, and the batches sent to the bank. 3 screensOpen Lesson Travel & Expense What was actually booked, the receipt behind each line, the card charge that already paid it, and the ones worth auditing. The trip is requested and the claim raised in Supply Chain. 8 screensOpen Lesson Bank Connectivity Who can be connected: the institution catalog, the aggregator subscription, and the registrations behind them. 4 screensOpen Lesson Banks & Accounts The banks this company has actually connected, and the accounts each connection reaches. 3 screensOpen Lesson Cash Movement What has moved, the statements it arrived on, the rules that account for it, and what is going out. 5 screensOpen Lesson Bank Monitoring Where the cash is, whether the feeds are still healthy, and what every sync actually did. 4 screensOpen Lesson Treasury How much have we got, how much will we have, what is pooled where, and what is due to the banks. 14 screensOpen

Revenue & Projects

When revenue is earned, what a lease and a building are worth, what the work costs, and where the money is actually made.

Lesson Revenue Recognition Invoicing and revenue are not the same event. Five steps, the schedule they produce, and the deferred revenue that falls out of it. 8 screensOpen Lesson Lease Accounting On the balance sheet under IFRS 16 and ASC 842 — which give different answers for the same lease, and a group reporting both needs both. 7 screensOpen Lesson Real Estate The other side of the same contract: the buildings, what is let, and what the service charge actually settles at. 3 screensOpen Lesson Projects & Portfolios A plan and a cost collector at once, from the investment envelope down to the work package the money lands on. 12 screensOpen Lesson Contract Costing Fixed price, progress by cost-to-cost, retention held back — and the whole expected loss taken the moment it is foreseen. 2 screensOpen Lesson Profitability The ledger says the company made 4.2 million. This says which region, which range and which channel it came from — and where the margin reverses. 8 screensOpen Lesson Signatures Documents sent to the other party to sign electronically, and who may sign them for the company. 2 screensOpen

Close & Compliance

Finishing the month, filing what is due, and proving it was done properly.

Lesson Financial Close Not a button: forty to three hundred tasks in an order where half cannot start until another has finished, against a date somebody promised a board. 8 screensOpen Lesson Finance Automation What the finance jobs found, and the decisions they leave to a person: cash application, dunning, the server-run close, e-invoice submissions and alerts. 7 screensOpen Lesson Financial Controls Which controls we operate, who owns them, when they were last tested — and the second signature on a manual journal, which is the last control standing. 12 screensOpen Lesson Finance Intelligence Nothing here decides anything. Detectors produce scored observations with their evidence attached; a person opens the case and records what turned out to be true. 10 screensOpen Lesson Tax What a code is, how a rate is found, which one applies, what the return should say, and what is deducted at payment. 19 screensOpen Lesson Registrations & Returns Where this company is registered, what is due there, and the guided period run that computes it at the lowest jurisdiction that actually levies. 6 screensOpen Lesson E-invoicing Structured e-invoices for Europe and Latin America: Peppol, XRechnung, Factur-X, FatturaPA, KSeF and CFDI. 10 screensOpen Lesson India Registration One PAN, a GSTIN per state, and the places goods are supplied from. 4 screensOpen Lesson GST Tax and HSN codes with their dated rates, the document series per GSTIN, e-invoices registered with the IRP, and e-way bills. 7 screensOpen Lesson GST Returns GSTR-1 and GSTR-3B, summed from the month’s documents; GSTR-1 as the portal’s JSON; GSTR-2B matched against the purchase invoices. 4 screensOpen Lesson UPI Collection The addresses money arrives at, the requests sent for it, what the PSP said and what the bank settled. 7 screensOpen Lesson Statutory Payroll EPF, ESI, professional tax and labour welfare fund, the monthly remittance, gratuity and what employees declared for TDS. 6 screensOpen Lesson TDS Withholding on payments, and the quarterly 24Q, 26Q and 27Q. 3 screensOpen Lesson Regulatory Reporting The financial statements tagged as XBRL and Inline XBRL for a regulator. 4 screensOpen

Planning & Control

Where cost lands, what may be spent, and against what.

Lesson Controlling Where cost is incurred and where result is measured. 5 screensOpen Lesson Budgeting What may be spent, where the money came from, and what is already committed. 6 screensOpen Lesson Settlement & Allocation Cost collected on a collector has to reach where it belongs before the period can close, and an indirect cost center’s cost has to reach a productive one. 8 screensOpen Lesson Fund Accounting Funds, grants, programs and functions on every line, and the rules that put them there — so a clerk keys the cost center and the ledger knows which fund paid and which award it is charged to. 12 screensOpen Lesson Product Costing What a thing should cost, what it did cost, and why those two numbers differ — split six ways, because each names a different department. 13 screensOpen Lesson Landed Cost Freight, duty and the other costs of getting goods in, spread onto the stock they belong to. 3 screensOpen Lesson Workforce Planning People are most of the cost base, so the budget is mostly a workforce plan — built on seats rather than names, because a plan on names cannot hold a vacancy. 3 screensOpen

Reporting

Drill-through and the catalog behind it.

Lesson Reporting Executive, management, operational and audit reporting over this module’s records. 2 screensOpen

More

Lesson Reachable by link These screens carry no tile on the module page. They are reached from the record they belong to, from a saved view, or by their address — and they behave like any other list once open. 3 screensOpen

When you are ready

Take the Accounting exam