Prepare Muhasib Financials
How to Prepare Muhasib Financials in Muhasib ERP
Overview
This guide will help you confirm the accounting structure and controls required before financial posting and reporting.
Transactions can post into an intentional accounting structure and reports have a defined checking baseline.
Who can do this
You need access to Read access to financial setup; changes require specific setup and approval rights.
Before you start
Confirm fiscal year, periods, chart of accounts, control accounts, retained earnings, tax accounts, payment accounts, opening balances, centralization policy, and role separation.
Where to find it
Back Office → Muhasib Financials.
Prepare Muhasib Financials
Step 1: Confirm the active company and fiscal period
Step 2: Review chart hierarchy and account types
Step 3: Verify customer, supplier, inventory, tax, revenue, cost, expense, cash, and
Check customer, supplier, inventory, tax, revenue, cost, expense, cash, and bank defaults.
Step 4: Verify payment methods and accounts
Step 5: Confirm automatic posting and centralization settings
Step 6: Test financial permissions and opening trial balance in a controlled
Test financial permissions and opening trial balance in a controlled environment.
Check your work
Confirm the opening trial balance balances and sample each source transaction into the intended accounts.
If something goes wrong
- Do not begin live posting with placeholder or unmapped control accounts.
- Resolve opening-balance differences before recording current activity.
Related guides
- Configure Accounting Settings
- Build and Maintain the Chart of Accounts
- Prepare and Review a Trial Balance