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 look for the plugin and can install it just by a few clicks. To do that, go to the Dashboard and click on the …
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 …
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 …
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
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.
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 …
Income 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 incomes, expenses, and profits separately so that you can get …
Expense Summary Report
The expense section in WP Ever Accounting shows graphs which are effective for displaying and summarizing expense data. Below the graph, each section yields categorical reports on a monthly basis. Expense Summary Filter Like income summary, you can filter out your reports for the expense as well. The filter will be effective for both line …
Income vs. Expense Summary
In WP Ever Accounting, Income vs. Expense section or Profit Summary section shows profit line graphs and creates reports on profits categorically on a monthly basis. Profit Summary Report Like Income and Expense summary sections, you can also filter out your reports for the Profit Summary section. The filter will be effective for both line …
Quick Setup Wizard
When you are done installing and activating WP Ever accounting, you will be taken to a quick setup wizard. By clicking on “Let’s Go“, you can configure the basic settings of your business. Company Quick Setup Wizard On the next step, you will see is a page to set up your company. You will set …