RealBooks Questions & Answers

To Create a Company & Basic Configurations in RealBooks, follow the steps given below:

• Open the official website of RealBooks
• Click on the ‘Get Started Now’ button
• Input the required details
• Click on ‘Send Email Verification Code’
• Add the password details and input the verification code
• Click on Create New Company
• Navigate to Settings > Configuration
• Enable the required features
• Add GST details from the compliances tab
• Click on Configure
• Click on Create GST Ledgers
• Add the required details
• Hit the ‘Create GST Ledgers’ option

To Create a GST Unregistered Debtor Ledger in RealBooks, follow the steps given below:

• Open RealBooks
• Navigate to Masters > Accounts > Ledger > Create
• Input the required details and select the category as ‘Party’
• Navigate to ‘Party Info’
• Select the GST registration type as ‘Unregistered’
• Enter the rest of the details
• Hit Save

To Create a GST Unregistered Creditor Ledger in RealBooks, follow the steps given below:

• Open your RealBooks account
• Navigate to Masters > Account > Ledger > Create
• Input the required details and set ledger category as party
• Select the GST registration as ‘Unregistered’ in the ‘Party info’ tab
• Fill in the rest of the details
• Click on Save

To Create a GST Registered Creditor Ledger in RealBooks, follow the steps given below:

• Open your RealBooks account
• Navigate to Masters > Accounts > Ledger > Create
• Input the required details and set the ledger category as party
• Select the GST registration as ‘Registered’ in the ‘Party info’ tab
• After adding the necessary details, click on save

To create a segment in RealBooks, follow the steps given below;

• Open your RealBooks account
• Navigate to Masters > Account > Segment > Create
• Input the required details
• Disable the toggle next to the ‘Allow Sub Segment’ option
• Add the details in each tab
• Click on save

To Create an Approval Workflow in RealBooks, follow the steps given below:

• Open your RealBooks account
• Navigate to masters > Account > Approval Workflow > Create
• Input the required details including the approver hierarchy
• Click on save

To use Maker & Checker Process in RealBooks, follow the steps given below:

• Open your RealBooks account
• Navigate to Masters > Accounts > Approval Workflow > Create
• Input the required details including the approver hierarchy
• Click on save
• Navigate to Transactions > Accounts > Vouchers
• Input the required details
• Tag the bill reference
• Click on Create
• Input the required details
• Click on Submit
• To check the approval status, navigate to Reports > accounts > daily reports > daybook
• Set the date range and click on ‘search’
• Click on the voucher and press ‘Approval history’
• Red color denotes unapproved status
• The approver can now, click on the voucher approval, add any comments if necessary and click on approve
• To view approval report, navigate to reports > accounts > documents & taxes > approval summary
• Set the date range and click on search and check the status of the approval
• Click on export
• After every approver has approved the voucher, navigate to Reports > accounts > daily reports > daybook
• Set the date range and click on ‘search’
• Click on the voucher and press ‘Approval history’
• Green color denotes fully approved status
• Now you can go ahead and print or download the cheque

To create a company in RealBooks, follow the steps given below:

• Go to the official website of RealBooks
• Click on the ‘Get Started Now’ button
• Input your details and register to RealBooks
• Complete the company registration process

To Create Bills of Materials in RealBooks, follow the steps given below:

• Open your RealBooks account
• Navigate to Settings > configuration > inventory > production
• Enable the toggle against ‘BOM’
• Navigate to Master > Inventory > BOM > Create
• Input the required details and select ‘NO’ in the ‘use it for Planning’ section
• Click on the ‘Submit’ option
• NOTE: enable the BOM toggle in the item master of each item that will be used in BOM

To calculate interest on loan in RealBooks, follow the steps given below:

• Open your RealBooks account
• Navigate to settings
• Click on ‘Configuration’
• Go to accounts
• Enable the ‘Interest calculation on Ledger’ option
• Navigate to ‘Master’
• Select ‘Accounts’
• Click on ‘Ledger’
• Press Create
• Input the required details and enable the toggle against ‘Activate Interest’
• Fill in the details on the interest details page
• Click on save
• Navigate to transactions>Accounts>Vouchers
• Select voucher type as receipt and add the necessary details
• Click submit
• Navigate to Transaction
• Click on Accounts
• Press on Vouchers
• Select voucher type as Payment
• Input the required details
• Click on the ‘Submit’ option
• Go to ‘Reports’
• Select Accounts
• Press Daily Reports
• Choose ‘Interest calculations’
• Search the loan account
• You will be able to see all the interest calculations