Lendbox's accounting module lets you keep accurate financial records alongside your lending activity. This guide covers two connected tasks: creating an account in your chart of accounts, then posting a manual transaction against it.
By the end, you will have added a new account and recorded a transaction in the ledger.
Part 1: Create an Account in the Chart of Accounts
Step 1: Open the Chart of Accounts
In the left navigation panel, click the Accounting tab, then click Chart of Accounts.
Step 2: Add a new account
Click Add Account to create a new account.
Step 3: Enter the account details
Fill in the account information, including the account name, code, type, and cash flow type.
Step 4: Save the account
Click Save to add the new account to your chart of accounts.
Part 2: Post a Manual Transaction
Step 5: Open the Transactions page
In the left navigation panel, click Transactions.
Step 6: Add a new transaction
Click Add Transaction to begin recording a new financial transaction.
Step 7: Select the transaction type
Choose the type of transaction you want to record.
Step 8: Fill in the transaction details
Complete all the information required for the transaction type you are recording.
Step 9: Post the transaction
Click Proceed to finalize and record the transaction in the ledger.
Done
Your transaction has been successfully posted and now appears on the Transactions page. You have posted a transaction to accounting in Lendbox by creating an account in the chart of accounts, entering the journal details, and posting the entry.