What is double-entry bookkeeping? Debits and credits with a simple example
Every transaction is recorded in at least two accounts, with equal debits and credits. Follow six small transactions to see how it works.
Practical guides to accounting, sales and inventory, plus the latest TexaCore news and updates
TexaCore’s articles and guides explain accounting, sales and inventory in plain language with practical examples, and point to the matching screens in the software. Guides are under “Articles & guides”; product announcements and updates are under “News & updates”.
Every transaction is recorded in at least two accounts, with equal debits and credits. Follow six small transactions to see how it works.
A trial balance lists every account balance at a date and compares total debits with total credits. Learn how to read it and where it can mislead.
The income statement shows income and expenses over a period; the balance sheet shows assets, liabilities and equity on one date. See both from one example.
Profit counts income and expenses when they occur; cash counts money moving in and out. The same example shows why the two differ.
A statement lists a customer’s invoices and payments for a period with a running balance. Learn how to read it, send it and agree it.
When goods are sold, their cost leaves inventory and becomes cost of goods sold. The cost formula you use changes both numbers.
Accounting software records your money. An ERP also runs the work that creates it: quotations, orders, stock, purchasing, production and branches. The difference in plain words, a table of who needs which, and the signs you have outgrown accounting-only software.
Reliable accounting and stock software rests on global practice and local fit. AI makes writing code faster, but a change to money or stock still needs specification, independent review, realistic tests, a reversible migration and a staged release. A checklist for judging any system.
Recipes in a notebook, materials taken on a verbal request and wages added up on paper leave the cost of a batch as a guess. The chain of records that fixes it, what TexaCore’s manufacturing module covers today (available, being field-proven) and where it stops.
Accounting-only software records money after the event, so the shop, the store and the books drift apart. How a comprehensive system lets entries come from the work itself, what TexaCore’s accounting module does with sales, stock and purchasing, and what it does not do yet.
Stock goes wrong when units, places and identities are not recorded once. How TexaCore handles warehouses with shelf locations, packaging units, transfers, counts, write-offs with approval, serial numbers and fabric rolls, and which lot features exist today and which are still to come.
Leads in chats, quotes retyped as invoices, payments that never reach the invoice and balances nobody can explain. How TexaCore connects the opportunity, the quotation, the order, the invoice and the collection in several currencies, and where its follow-up tools stop.
Shared logins, tasks lost in chat groups and no answer to “who is behind?”. How permissions, approvals, tasks with an owner and a department, and an activity trail work together in TexaCore, which parts exist today and what the task analytics do not show.
When the shop, the warehouse and the online store each keep their own stock and prices, you sell what is gone and argue about price. How TexaCore keeps orders, returns, pricing and suppliers on the same stock and accounts as the ERP, what a storefront reads from it, and why links to external marketplaces are still planned.
The remaining length is updated after the sale is successfully posted, using the recorded cut length.
Set a base currency and recorded exchange rates, enter journal lines, and view account statements in different currencies.
Prepare quotations, orders and invoices in a clear document flow, then follow sales stages and notes as work moves forward.
Organize production recipes, orders, stages, and work centres, and record materials and outputs in a manufacturing workflow.
Use the sales sheet to prepare documents or complete a direct sale with the required permission, selecting items and quantities and posting the invoice.
Organize item and unit details, record colours, and keep roll numbers and lengths where needed to review stock and sales.
Record non-conformances and corrective or preventive actions, then review supported batch release or rejection decisions in manufacturing workflows.
Record container, port and expected-date details, maintain shipment information and selected shipping stages; receiving follows the warehouse workflow.
Review stock by material and warehouse, record stock counts and variances, and manage warehouse transfers.
Configure value-added tax settings available for company details and sales documents, then review them against your local accounting process.
Compare the locally installed desktop edition with the web and cloud editions, then choose the setup that fits your team.
Organize branch records, managers and linked warehouses, then set user access to match your company structure.
Bring contact records, opportunities and tasks into a clear sales workflow so the team can see what to do next.
View financial statements on screen and share account statements, with export options that vary by screen.
Organize access by role and action, scope visibility for some documents, and use approval workflows and activity records.
Start with daily business workflows, then assess how an ERP organizes accounting, sales, inventory and customer records.
Use AI assistance to explore available business context, then check the response and records before making a decision.
Use the TexaCore desktop edition on your own computer to manage business workflows without an internet connection.
Learn about specific controls for cloud connections, user permissions, document activity, and backup files.
The TexaCore desktop edition gives business owners and accountants a free way to use general ERP workflows offline.