The Getting Started section aims to familiarize you with the essential components of Bkper. We will guide you through these elements, starting from the foundational level and progressing to higher levels of abstraction within Bookkeeping and Accounting in Bkper.
Gaining a solid conceptual understanding of these building blocks and their underlying logic will empower you to effectively utilize Bkper for your everyday tasks.
Level: beginner
Transactions
Transactions are at the core of Bkper, serving as the foundation to track all economic activities.
The concept behind transactions is that if you track all transactions of a specific entity you are able to capture all its economics in a very simple and effective way.
Accounts
A transaction occurs between two Accounts.
Transactions involve the flow of resources from an origin to a destination. For example, when you pay a taxi, the money flows from your wallet to the taxi driver. To identify this transaction more effectively, the wallet and the taxi driver are treated as accounts. The transaction takes place between the Wallet account and the Taxi account
Groups
Accounts can be Categorized into Groups,
Since, just transactions between accounts doesn't provide us with meaningful insights into our economical situation, we categorize our accounts to organize our operations. A wallet, for example can be categorized as a Cash or Assets group, while the Taxi driver falls under the Expense group.
By grouping all expenses together, you can easily determine the total expenses at a glance.
Books
Transactions, accounts, and groups are components of an entity referred to as a book.
By associating transactions, accounts, and groups with a specific entity, such as an individual, a business, or an activity, you can comprehensively capture and understand the entity's complete (economic*) situation. A Bkper book represents the chosen entity and enables you to effectively analyze its (financial*) aspects.
Collections
Different Books can be part of a Collection.
Different books can be part of another logical set, such as a branch offices or different currencies. Therefor you add logically related Books to a collection to get quick access to one another from within the books themselves.
Different books can be part of a collection.
Various books can be gathered in a logical set referred to as a collection, representing for example branches or different entities such as quantities and currencies. By adding logically related books to a collection, you can easily access them from within the books themselves.
* Since no specific units are tracked in transactions, the insight gained by tracking transactions can be related to other quantifications than economic aspects of an entity.
Getting Started Transactions