Visual Dolphin follows a strict succession of events to ensure secure financial management:
Ensure the voucher balances. Visual Dolphin will block you from saving an unbalanced entry.
Enable this if the account holds foreign currency denominations. Click Save . 4. Daily Operational Workflows
Visual Dolphin supports parallel accounting for multiple legal entities. You can maintain distinct general ledgers while sharing a unified chart of accounts if needed.
The General Ledger serves as the foundation of your Visual Dolphin ecosystem. Proper initial configuration ensures flawless financial reporting. Step 1: Define the Chart of Accounts (COA) Navigate to > General Ledger > COA Setup . Click New to create a fresh account code. Establish a structured numbering system: 1000-1999 : Assets 2000-2999 : Liabilities 3000-3999 : Equity 4000-4999 : Revenue 5000-5999 : Expenses visual dolphin accounting software tutorial exclusive
Mastering Visual Dolphin: A Quick Guide to Modern Accounting Visual Dolphin is an integrated ERP solution developed by the Software Design Consulting Group
Input the client’s legal entity data, delivery addresses, and billing contacts.
Access the to establish hard or soft credit limits. A hard limit will actively block sales orders if a client exceeds their credit threshold. Invoicing and Payment Receipts
Even seasoned accountants encounter errors. Here is how to fix the two most frequent snags in Visual Dolphin. Error 1: "Journal Entry Out of Balance" Visual Dolphin follows a strict succession of events
Define the (Asset, Liability, Equity, Revenue, or Expense).
Click . Check the boxes next to the invoices you intend to settle.
Visual Dolphin integrates financial data across procurement, sales, inventory, and human resources. Before diving into individual transactions, it is essential to understand the software's structural hierarchy.
Go to General Ledger > Reports > Trial Balance . Run this report first to ensure total system balance. Click Save
Set the status of Period 1 to and lock future periods to prevent accidental postings. Defining Currency Parameters
Most users get lost in the hierarchical menu tree on the left. Right-click on any blank space in the top ribbon. Select "My Workspace Configuration."
Navigate back to the Fiscal Calendar and flip the current period status from Open to Closed . Advanced Reporting and Data Analytics
