# Accounting

The **Accounting** can be accessed from anywhere within the Mifos system. 

**Tip:** When beginning to use Mifos X please refer to the[ **Initial System Setup**](https://docs.mifos.org/mifosx/user-manual/for-administrators-mifos-x-platform/initial-system-set-up) and [**General Navigation**](https://docs.mifos.org/mifosx/user-manual/for-all-users/untitled) sections of this manual for guidance.

To access the **Accounting** menu and the options within, click on the **Accounting** button on the top of the screen: the image below will then be displayed

<figure><img src="https://2235457518-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-Lb-oDYAENt-r5hW1bjo%2Fuploads%2F5VCsC1AZRYl60LYrA73T%2FScreenshot%202023-01-05%20at%201.32.54%20PM.png?alt=media&#x26;token=94883e11-2066-4918-99a0-3f156739dc0d" alt=""><figcaption></figcaption></figure>

### **Setting up of Accounting**&#x20;

To **Enable Accounting Module,** you need to follow the mandatory step by step instructions below before you do any transaction:-&#x20;

Step 1) Create chart of accounts - [Chart of Accounts - General Ledger Setup. ](https://docs.mifos.org/mifosx/user-manual/for-administrators-mifos-x-platform/accounting/chart-of-accounts-general-ledger-setup)

Step 2) Map opening balance contra account in - [Accounts linked to Financial Activities](https://docs.mifos.org/mifosx/user-manual/for-administrators-mifos-x-platform/accounting/accounts-linked-to-financial-activities)

Step 3) Pass opening balance entries - [Migrate opening balances (Office-wise)](https://docs.mifos.org/mifosx/user-manual/for-administrators-mifos-x-platform/accounting/migrate-opening-balances-office-wise)

Step 4) Map your products with respective accounts -&#x20;

* Go to >> [Loan Products](https://docs.mifos.org/mifosx/user-manual/for-administrators-mifos-x-platform/administration/products/loan-products) - Accounting&#x20;
* Go to >> [Savings Products](https://docs.mifos.org/mifosx/user-manual/for-administrators-mifos-x-platform/administration/products/untitled) - Accounting&#x20;
* Go to >>[ Fixed Deposit Products](https://docs.mifos.org/mifosx/user-manual/for-administrators-mifos-x-platform/administration/products/fixed-deposit-products) - Accounting&#x20;
* Go to >> [Recurring Deposit](https://docs.mifos.org/mifosx/user-manual/for-administrators-mifos-x-platform/administration/products/recurring-deposit) - Accounting&#x20;

### **Other Accounting features**

* To define accounting rule - [Accounting Rules](https://docs.mifos.org/mifosx/user-manual/for-administrators-mifos-x-platform/accounting/accounting-rules)
* To define advanced accounting rule - [Advanced Accounting Rules](https://docs.mifos.org/mifosx/user-manual/for-operational-users-mifos-x-web-app/accounting-operations/advanced-accounting-rules)
* To define accruals - [Accruals](https://docs.mifos.org/mifosx/user-manual/for-operational-users-mifos-x-web-app/accounting-operations/accruals)

### **For operational usage**&#x20;

* To manually pass journal entry - [Add Journal Entries](https://docs.mifos.org/mifosx/user-manual/for-operational-users-mifos-x-web-app/accounting-operations/add-journal-entries)
* To search accounting transactions - [Searching Accounting Transactions](https://docs.mifos.org/mifosx/user-manual/for-operational-users-mifos-x-web-app/accounting-operations/searching-accounting-transactions)
* To use predefined accounting rule - [Frequent Postings](https://docs.mifos.org/mifosx/user-manual/for-operational-users-mifos-x-web-app/accounting-operations/frequent-postings)
* To close journal entries - [Closing Entries](https://docs.mifos.org/mifosx/user-manual/for-operational-users-mifos-x-web-app/accounting-operations/closing-entries)