# Financial Management & Accounting

## Managing Finances & Accounting

- #### **Managing General Journals:** Used by **the Accounting team** to record accounting transactions that do not originate from other modules (e.g., adjustments). Access via **the General Ledger module > General Journals.  
    ![ERP Kokola (15).png](https://manual.kokola.co/uploads/images/gallery/2025-07/erp-kokola-15.png)**
- #### **Bank Reconciliation Process:** Conducted by **the Finance team** at the end of each month to match the balance in the system with the bank statement. Access via **the Finance module > Bank Reconciliation.  
    ![ERP Kokola (16).png](https://manual.kokola.co/uploads/images/gallery/2025-07/erp-kokola-16.png)**
- #### **Creating Financial Statements:** Key reports such as the Balance Sheet and Profit & Loss Statement can be pulled at any time by management and **the Accounting team**. Access via **General Ledger > Reports > Balance Sheet > Profit & Loss.![ERP Kokola (17).png](https://manual.kokola.co/uploads/images/gallery/2025-07/erp-kokola-17.png)**