Accounting and Invoicing¶

Juniper Invoicing is a standalone invoicing app to create invoices, send them to your customers, and manage payments.

Juniper Accounting is a full featured accounting app. Accountant productivity is at the core of its development with features such as AI-powered invoice recognition, synchronization with your bank accounts, smart matching suggestions, etc.

See also

Juniper Tutorials: Accounting

Get started

Basic concepts of accounting and initial setup of your accounting

Taxes

Taxes, fiscal positions, and integrations

Customer invoices

Customer invoices, payment terms, and electronic invoicing

Vendor bills

Vendor bills, assets, and invoice digitization (OCR)

Payments

Invoices and bills payments (online, checks, batches) and follow-up on invoices

Bank and cash accounts

Bank synchronization, reconciliation, and cash registers

Reporting

Reporting, declarations, and analytic accounting

Double-entry bookkeeping¶

Juniper automatically creates all the underlying journal entries for all accounting transactions (e.g., customer invoices, vendor bills, point-of-sales orders, expenses, inventory valuations, etc.).

Juniper uses the double-entry bookkeeping system, whereby every entry needs a corresponding and opposite counterpart in a different account, with one account debited and the other credited. It ensures that all transactions are recorded accurately and consistently and that the accounts always balance.

See also

Accounting Cheat Sheet

Accrual and cash basis¶

Both accrual and cash basis accounting are supported in Juniper. This allows reporting income and expense either when the transaction occurs (accrual basis) or when the payment is made or received (cash basis).

See also

Cash basis

Multi-company¶

Several companies can be managed within the same database. Each company has its chart of accounts, which is also useful to generate consolidation reports. Users can access several companies but can only work on a single company’s accounting at a time.

Multi-currency environment¶

A multi-currency environment with an automated exchange rate to ease international transactions is available in Juniper. Every transaction is recorded in the company’s default currency; for transactions occurring in another currency, Juniper stores both the value in the company’s currency and the transactions’ currency value. Juniper generates currency gains and losses after reconciling the journal items.

See also

Manage a bank in a foreign currency

International standards¶

Juniper Accounting supports more than 70 countries. It provides the central standards and mechanisms common to all nations, and thanks to country-specific modules, local requirements are fulfilled. Fiscal positions exist to address regional specificities like the chart of accounts, taxes, or any other requirements.

See also

Fiscal localization packages

Accounts receivable and payable¶

By default, there is a single account for the account receivable entries and one for the account payable entries. As transactions are linked to your contacts, you can run a report per customer, vendor, or supplier.

The Partner Ledger report displays the balance of your customers and suppliers. It is available by going to Accounting ‣ Reporting ‣ Partner Ledger.

Reporting¶

The following financial reports are available and updated in real-time:

Financial reports
Statement	Balance sheet
	Profit and loss
	Cash flow statement
	Tax report
	ES sales list
Audit	General ledger
	Trial balance
	Journal report
	Intrastat report
	Check register
Partner	Partner ledger
	Aged receivable
	Aged payable
Management	Invoice analysis
	Unrealized currency gains/losses
	Depreciation schedule
	Disallowed expenses
	Budget analysis
	Product margins
	1099 report

Tip

Create and customize reports with Juniper’s report engine.

Tax report¶

Juniper computes all accounting transactions for the specific tax period and uses these totals to calculate the tax obligation.

Important

Once the tax report has been generated for a period, Juniper locks it and prevents the creation of new journal entries involving VAT. Any correction to customer invoices or vendor bills has to be recorded in the next period.

Note

Depending on the country’s localization, an XML version of the tax report can be generated to be uploaded to the VAT platform of the relevant taxation authority.

Bank synchronization¶

The bank synchronization system directly connects with your bank institution to automatically import all transactions into your database. It gives an overview of your cash flow without logging into an online banking system or waiting for paper bank statements.

See also

Bank synchronization

Inventory valuation¶

Both periodic (manual) and perpetual (automated) inventory valuations are supported in Juniper. The available methods are standard price, average price, LIFO and FIFO (First-In, First-Out).

Retained earnings¶

Retained earnings are the portion of income retained by a business. Juniper calculates current year earnings in real-time, so no year-end journal or rollover is required. The profit and loss balance is automatically reported on the balance sheet report.

See also

Accounting Cheat Sheet

Fiduciaries¶

The Accounting Firms mode can be activated by going to Accounting ‣ Configuration ‣ Settings ‣ Accounting Firms mode. When enabled:

The document’s sequence becomes editable on all documents;
The Total (tax incl.) field appears to speed up and control the encoding by automating line creation with the right account and tax;
Invoice Date and Bill Date are pre-filled when encoding a transaction.
A Quick encoding option is available for customer invoices and vendor bills.