Accounting & Ledger
Clorvia includes a proper double-entry accounting system, so the same data that makes your invoices also keeps your books — and powers your Profit & Loss and Balance Sheet.
You don’t need to be an accountant to use Clorvia, but it helps to understand the pieces.
Chart of accounts
Your chart of accounts is the list of “buckets” your money flows through. Each ledger account has a type:
| Type | Examples |
|---|---|
| Asset | Cash, Bank, Accounts Receivable, Fixed Assets |
| Liability | Accounts Payable, GST Payable, Loans |
| Income | Sales, Other Income |
| Expense | Purchases, Rent, Salaries |
| Equity | Owner’s capital |
Journal entries
A journal entry is a single accounting transaction. Following double-entry rules, every entry has debits that equal credits — money always comes from somewhere and goes to somewhere.
For example, a cash sale of ₹1,180:
| Account | Debit | Credit |
|---|---|---|
| Cash (Asset) | ₹1,180 | |
| Sales (Income) | ₹1,000 | |
| GST Payable (Liability) | ₹180 |
The total debits (₹1,180) equal the total credits (₹1,180) — the entry balances.
The golden rule: in double-entry accounting, total debits always equal total credits. Clorvia keeps every entry balanced so your books are always in order.
How it connects to everything else
Your invoices, payments, and expenses are the source of your accounting. As you record them, your ledger accounts build up — and your financial reports (trial balance, Profit & Loss, Balance Sheet) are produced from these ledgers.
Recording a manual entry
For adjustments that aren’t a normal invoice or payment (opening balances, corrections, depreciation), you can create a journal entry directly — add the debit and credit lines, make sure they balance, and save.
→ Next: see the results in Reports & Dashboards.