Accounting — Wakandi Academy

3 min · 6 steps

Find the entry behind a wrong balance

Trace a wrong ledger balance to the entry that caused it, post the correction, and prove the balances agree again.

8 min · 10 steps

Register a fixed asset and set its depreciation

You will register one purchased asset in the fixed asset register and set how it depreciates.

3 min · 6 steps

Check the financial year dates before you post or report

Find the financial years your organisation has defined, and get the exact dates your postings and reports should sit inside.

4 min · 7 steps

Create an asset type and point it at the right ledgers

You will create an asset type in CAMS and link it to the correct asset ledger and depreciation ledger.

4 min · 7 steps

Set up a cash or bank account so the Cash Book and reconciliation work

Create a cash or bank ledger and register it as a cash/bank account, so it reaches the Cash Book and can be reconciled.

6 min · 9 steps

How to reconcile a provider statement (M-Pesa, Airtel, bank)

Upload a provider statement for reconciliation and read how many of its records have been processed.

5 min · 8 steps

Run an MSP return and pick the right form variant

Pick the MSP card that matches the return your institution files, generate it for a period, and save it.

3 min · 6 steps

Check which financial year is open before you post or report

Find out which financial years your organisation has defined, and get the exact dates your postings and reports should sit inside.

4 min · 7 steps

Check whether a member's mobile money payment went through

Look up a member's mobile money payment in the CAMS online transactions list and tell them whether it went through.

5 min · 9 steps

Set how surplus is distributed before you run the Owner's Equity report

Set the percentages that decide how surplus is shared between your equity funds, before you run the Owner's Equity report.

4 min · 7 steps

Map your Cash Flow Statement lines to ledger categories

Map each operating, investing and financing line to a ledger category so your Cash Flow Statement reports real figures.

4 min · 8 steps

Importing transactions from a file

Import a file of transactions and follow the batch from spreadsheet rows to posted entries.

5 min · 9 steps

Fund Settlement

Send a SACCO's pooled funds to its own bank or mobile money account by running a manual settlement in the CAMS Superadmin Portal.

3 min · 6 steps

Demo

Understanding accounts reconciliation

Check that every ledger's balance is right by comparing its opening balance, debits, credits and closing balance before you report on the books.

3 min · 6 steps

Demo

Where to find Accounting reports

Find, run and download your SACCO's financial statements from the Accounting Reports screen in CAMS.

4 min · 8 steps

Demo

How to set up the Chart of Accounts

Build your SACCO's account structure in CAMS: add groups to the Chart of Accounts, then add the ledgers that transactions post to.