Finance
Double-entry GL, chart of accounts, trial balance, period close, and VAT treatment.
Understanding the chart of accounts
Structure, account types, and how apps post into it automatically.
Reading the trial balance
What a balanced vs. unbalanced trial balance means and how to investigate a discrepancy.
How period close and reopen works
Who can close a period, what locks after close, and the controlled reopen process.
VAT treatment: exempt interest vs. taxable fees
How interest income and fee income are tagged differently for VAT purposes.
Mapping an app event to a GL account
E.g. how a disbursement, repayment, or insurance premium posts automatically.
Investigating an out-of-balance trial balance
A structured checklist for finding the discrepancy.
Recording a manual journal entry
When a manual entry is appropriate and how it is audit-logged.
Related categories
Collateral register, revaluation, guarantors, repossession, and credit-life/asset insurance.
Employer MOU management, payroll-deduction batches, and reconciliation.
PAR30/PAR90 aging, BOT 5-band classification, provisioning, and portfolio disaggregation.
Frequently asked questions
Does Ustawi include a full general ledger?
Yes, a double-entry GL with automatic postings from lending, collections, and insurance events.
How is loan interest treated for VAT?
Interest income is typically VAT-exempt while certain fees are taxable; the mapping is configurable per chart of accounts.
Who can close an accounting period?
Finance/accountant role, with a controlled reopen process if a correction is needed after close.
Can I export the trial balance?
Yes, from the trial balance screen for external audit or filing use.