General
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Tax Settings
Setting up taxes correctly is crucial for ensuring compliance with local and international tax laws. This section will guide you through the process of configuring your tax settings in WP Ever Accounting, including enabling taxes, and choosing how tax totals are displayed. How to Set Tax Options To configure your tax settings, go to Settings …
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Add Accounts
Accounts are used to maintain a detailed record of money received and paid out. By creating accounts, WP Ever Accounting efficiently tracks every transaction that impacts a company’s funds, whether it increases or decreases them. Fields Required to Add Accounts To add accounts, navigate to Banking > Account. On this page, click the Add New …
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Add Payments
Payments hold a top priority as they are the first line item on a company’s income statement, often referred to as sales. They are recorded independently of deposits, sales items, taxes, attached invoices, and other related entries. Add Payments With WP Ever Accounting, you can seamlessly add new sales to the respective account. To record …
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Add Expenses
Expenses are a primary focus on a company’s expense statement, as they are recorded before payment is made. These entries represent costs incurred and are documented in the accounting records even if payment has not yet been completed. How to Add Expenses To add expenses in WP Ever Accounting, navigate to Purchases > Expenses and …
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Add Vendors
Vendors are suppliers of goods or services. With WP Ever Accounting, you can efficiently manage and track vendors by creating a comprehensive list. Add Vendors To add vendors, go to Purchases > Vendors > Add New in the WP Ever Accounting plugin menu. This will open a new page displaying all available fields needed to …
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Add Customers
A customer is an individual who purchases goods or services from a business. Tracking customers is essential for monitoring sales, and customers are necessary for generating invoices as needed. How to Add Customers To add customers, go to Sales > Customers > Add New in the WP Ever Accounting plugin menu. This will open a …
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Add Items
An item represents a product that can either be sold or purchased. With the WP Ever Accounting plugin, you can categorically add as many items as needed, specifying both the sale price and purchase price. These items can then be included in invoices and bills as required. How to Add Items To add an item, …
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Add Invoices
Invoices help maintain legal records of sales by tracking the quantity of goods sold, the sale date, and the total amount paid. They can also include taxes and discounts when applicable. WP Ever Accounting allows users to add invoices, providing a more efficient way to track sales. How to Add Invoices To add invoices based …
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Add Bills
Bills help maintain legal records of expenses by tracking the quantity of goods purchased, the purchase date, and the total amount spent on products. They can also include taxes and discounts when applicable. WP Ever Accounting provides the ability to add bills, enabling more efficient tracking of your expenses. How to Add Bills To add …
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How to Customize Invoice Template
The default generated invoice using WP Ever Accounting- Now, if you have an intention to make some changes in your invoice template, you can do it simply by going through this article. Suppose, you want to move the customer info section to the left and move the company info to the right. To do that, …
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Why is it important to bring up precision for currencies?
Suppose you want to convert a particular amount from BDT (Bangladeshi Currency) to USD (US Currency). The precision for both currencies is set to 2. The amount you want to convert from BDT to USD is 123.65. The USD amount will be 1.4588845175418 US Dollars. Since the precision is set to 2, the USD amount …
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Install WP Ever Accounting
WordPress gives you multiple ways to install plugins. We will show you the most common ways to install WP Ever accounting. Install by Search From the WordPress Dashboard, you can easily find and install the plugin with just a few clicks. To do so, navigate to Dashboard and click on Plugins. Then, click Add New …
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Why do we need to set default currency to 1?
Answer: Default currency in WP Ever Accounting acts as a standard to all other currencies. All currencies are converted in terms of default currency. Since all other currencies are dependant on default currency, you need to set default currency to 1. From the previous example, you have seen that the default USD currency rate is …
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What is the currency rate?
Answer: The currency rate is the value of a currency in terms of another currency. Suppose, you have three accounts A, B, and C for your company, and each account has currencies USD, Euro, CAD respectively. Now, if you set USD as a default currency, the other two currencies should be converted in terms of …
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What is the default currency?
Answer: Default currency is the currency of your company. You might use multiple accounts and currencies that may vary from each other in WP Ever Accounting plugin. The incomes, expenses, and profits from different accounts with different currencies are ultimately converted to the pre-selected default currencies. Add Currencies Import Currencies
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What is the default account?
Answer: Default Account can be recognized as the main account or the company account. You can also have multiple accounts and each account can have different currencies for the transaction.
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How to start with WP Ever Accounting?
Answer: To start with WP Ever Accounting, after installing; set your company details from the quick setup wizard. If you want to change the company setting, you can change it from the setting tab. From the default setting, you can set your default account and default currency. Keep in mind that, before setting up a …
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Sales Summary Report
WP Ever Accounting brings up Reports to show financial activities in a structured manner. Indeed, it gives you all the financial information you need so that you can visualize your business in detail and can keep track of your financial state. The Reports page summarizes sales, expenses, and profits separately so that you can get …
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Expenses Summary Report
The expenses section in WP Ever Accounting shows graphs that are effective for displaying and summarizing expense data. Below the graph, each section yields categorical reports on a monthly basis. Expenses Summary Filter Like sales summary, you can filter out your reports for the expenses as well. The filter will be effective for both line …
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Sales vs. Expenses Summary
In WP Ever Accounting, the Sales vs. Expenses section or Profit Summary section shows profit line graphs and creates reports on profits categorically on a monthly basis. Profit Summary Report Like the Sales and Expenses summary sections, you can also filter out your reports for the Profit Summary section. The filter will be effective for …