Accywise guide

Supported Topics

See what Accywise can currently solve, explain, and check, and what is still being improved.

This page helps you write transactions in a format the app can safely understand.

Current checking and accounting engines are rule-based for consistency. AI Tutor will be added later as an explanation layer on top of the verified accounting engines.

Journal EntriesGSTLedgerTrial BalanceFinal AccountsBeta learning tool

Supported now

What Accywise can currently handle

These grouped cards cover the main supported transaction and workflow areas.

Supported now

Journal Entry Basics

Core Class 11/12 style transactions with clear account, amount, party, and payment mode.

  • Simple cash and bank transactions
  • Capital introduced
  • Drawings in cash or bank
  • Purchases and sales
  • Purchases and sales with named parties
  • Cash, bank, UPI, GPay, PhonePe, and NEFT treated as Bank where appropriate
  • Debtor receipt and creditor payment
  • Bank deposit and withdrawal
  • Loan taken and repaid
  • Rent and salary paid
  • More common expenses paid in cash, bank, or digital mode
  • Commission received
  • Interest paid and received
  • More common incomes received in cash, bank, or digital mode
  • Partial goods purchase: part cash or bank, balance credit
  • Partial goods sale: part cash or bank received, balance credit
  • More asset purchases in cash, bank, digital mode, or credit
  • Standalone installation, fitting, setup, freight, or carriage charges on fixed assets
  • Fixed asset purchase plus installation-related charges in the same simple transaction
  • Asset sales without GST, depreciation, or profit/loss calculation
  • Asset sales with simple profit/loss calculation when book value and sale value are given
  • Asset sales with accumulated depreciation using Asset Disposal A/c in simple controlled cases

Examples

Bought goods for cash Rs.5000Sold goods to Raju Rs.5000Paid rent by UPI Rs.2000Received rent Rs.5000 in cashPurchased goods Rs.10000, paid Rs.4000 cash and balance on creditSold goods Rs.10000, received Rs.4000 cash and balance on credit
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Supported now

Adjustments and Special Entries

Selected adjustment and special journal-entry cases used in beginner accountancy practice.

  • Depreciation on machinery, furniture, computer, equipment, or vehicle
  • Bad debts written off
  • Bad debts recovered in cash, bank, or digital mode
  • Outstanding expenses for salary, rent, wages, electricity, and insurance
  • Prepaid expenses for rent, insurance, salary, wages, and electricity
  • Accrued income for interest, commission, and rent
  • Income received in advance for rent, commission, and interest
  • Discount allowed or received in full-settlement debtor/creditor cases
  • Goods withdrawn by proprietor or owner for personal use
  • Goods distributed as free sample for advertisement or promotion
  • Goods given as charity or donation
  • Goods lost by fire, theft, accident, or damage without insurance claim
  • Sales Return / goods returned by customer
  • Purchase Return / goods returned to supplier

Examples

Depreciation charged on machinery Rs.5000Salary outstanding Rs.6000Prepaid rent Rs.5000Bad debts recovered from Raju Rs.500 in cashGoods worth Rs.1000 distributed as free sampleGoods returned by Raju Rs.1000
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Supported now

GST Journal Entries

Controlled GST cases for goods, selected services, returns, assets, and direct set-off/payment.

  • Basic GST on goods purchases and sales plus GST and GST-inclusive amounts with GST rate
  • CGST/SGST and IGST split on goods purchases and sales with clear tax rates or amounts, including GST-inclusive split with rates
  • GST with trade discount on goods purchases and sales when trade discount is deducted before GST
  • GST on fixed asset purchases: plus GST, GST-inclusive amount with GST rate, and CGST/SGST or IGST plus GST
  • GST on selected expenses: legal charges, repairs, advertisement, freight, carriage, printing and stationery, telephone, internet, office expenses, and professional fees
  • GST on selected service/income receipts with clear GST rate or amount: service income, consultancy fees, professional fees received, tuition or coaching fees, royalty, and rent
  • GST with simple sales return and purchase return without refund
  • Simple direct GST set-off and GST payment through bank

Examples

Purchased goods Rs.10000 plus GST 18% for cashSold goods Rs.11800 including GST 18% for cashPurchased goods Rs.10000 plus CGST 9% and SGST 9% for cashPaid legal charges Rs.10000 plus GST 18% through bankGoods returned to Amit Rs.1000 plus GST 18%Set off Input GST Rs.5000 against Output GST Rs.8000
Try Explainer

Supported now

Accounting Workflow Tools

Move from entries to account-wise posting, arithmetic checking, and selected final accounts.

  • Ledger Posting
  • Trial Balance
  • Final Accounts
  • Balance Sheet
  • Selected final accounts adjustments
  • Trading A/c and Profit & Loss A/c from trial balance balances

Examples

Enter journal entries into Ledger PostingPrepare Trial Balance from ledger balancesPrepare Trading A/c, Profit & Loss A/c, and Balance Sheet
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Final Accounts support

Final Accounts support

Accywise can prepare Trading A/c, Profit & Loss A/c, and a simple sole proprietorship Balance Sheet from trial balance balances.

Open Final Accounts
Closing stock
Outstanding expenses
Prepaid expenses
Accrued income
Income received in advance
Depreciation
Provision for doubtful debts
Further bad debts
Provision for discount on debtors
Provision for discount on creditors
Manager's commission
Goods withdrawn by proprietor
Goods distributed as free sample
Goods given as charity
Goods lost by fire/theft
Goods lost by fire with insurance claim
Interest on capital
Interest on drawings
Interest on loan

Input quality

How to write better transactions

Clear wording helps the rule-based checker solve the transaction safely.

1

Mention the amount clearly

Bought goods for cash Rs.10000
2

Mention payment mode if needed

Paid rent Rs.5000 in cashPaid rent Rs.5000 through bankPaid rent Rs.5000 by UPI
3

For GST-inclusive entries, mention GST rate

Correct: Purchased goods Rs.11800 including GST 18% for cashNot enough: Purchased goods Rs.11800 including GST for cash
4

For final accounts, write one balance per line

Purchases A/c Dr Rs.20000Sales A/c Cr Rs.40000
5

For adjustments, write one adjustment per line

Closing stock Rs.10000Salary outstanding Rs.3000

Roadmap

Not supported yet

These areas are not errors. They are advanced cases or product features that are still being improved.

Not supported yet

Advanced GST

  • GST inclusive amount without GST rate
  • CGST/SGST/IGST inclusive amount without tax rate
  • GST-inclusive CGST/SGST/IGST split for fixed assets
  • GST refund from government
  • Complex GST refunds
  • Cross-utilisation beyond current direct matching
  • GST interest or penalty
  • GSTR filing
  • Complex GST ledger adjustment
  • GST with unsupported final accounts adjustments
  • GST on unsupported income categories, unclear GST wording, or missing GST rate/amount
  • GST on salary, wages, interest, dividend, discount received, miscellaneous income, bad debts recovered, capital receipts, or loan receipts
  • GST with full-settlement discount allowed or received
  • GST-inclusive amount with trade discount
  • Multiple discounts with GST
  • GST-inclusive CGST/SGST/IGST on expenses
  • GST-inclusive CGST/SGST/IGST on incomes
  • GST on unsupported income categories
  • GST on unsupported expenses
  • Installation charges with GST
  • Asset purchase plus installation charges plus GST
  • GST on asset sales
  • GST-inclusive returns

Not supported yet

Advanced Final Accounts

  • Detailed schedules
  • Company accounts
  • Partnership accounts
  • Complex partnership or company accounts
  • Date-wise interest on drawings
  • Average capital/drawings calculation
  • Full stock ledger schedules
  • Full final accounts treatment beyond the selected sole proprietorship format
  • Broad final account adjustments
  • Opening balances workflow

Not supported yet

Advanced Accounting Areas

  • Bank reconciliation statement
  • Rectification of errors
  • Partnership appropriation accounts
  • Company issue of shares/debentures
  • Compound expense payments
  • Compound income receipts
  • Expense payments with discount or settlement
  • Income receipts with discount or settlement beyond supported cases
  • Asset purchase with installation paid using different modes
  • Repairs or maintenance to assets as capitalization
  • Asset purchases with partial payment and balance credit beyond supported simple cases
  • Asset sales with partial payment and balance credit
  • Asset sale without cost or book value
  • Asset sale without accumulated depreciation amount in disposal cases
  • Multiple asset disposal
  • Revaluation reserve
  • Insurance claim on asset sale
  • Provision-related discounts
  • Broad settlement and ledger treatment beyond the journal entry
  • Trade discount in invoice unless the wording matches supported trade-discount cases
  • Insurance claim on goods lost by fire in journal-entry checker
  • Returns with cash or bank refund
  • Returns with discount
  • Returns with settlement
  • Stock or inventory treatment for returns
  • Complex recovery with provision adjustment
  • Ledger treatment after bad debt recovery
  • Broad compound entries

Not supported yet

Product Features Not Added Yet

  • Login / cloud sync
  • Teacher dashboard
  • AI Tutor
  • Database-backed saved progress
  • Advanced analytics

Feedback

Found a wrong or confusing answer?

Use the Report Wrong Answer button inside the app. It copies the transaction, your answer, app result, and your comment so you can send it to the developer or tester. Please include a screenshot if possible.

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