CushionsERP can handle simple accounting (Profit & Loss, Balance Sheet, and Inventory Valuation). Some features may require setup or extra modules for optimal results.

CushionsERP can generate a basic P&L report if you activate the experimental Accounting module:

Path: Home > Setup > Modules > Accounting

It pulls from:

• Sales invoices
• Purchase invoices
• Other income/expense entries (e.g., manual journals)

You’ll see:

• Revenue (from invoices)
• Cost of Goods Sold (COGS)
• Expenses
• Net profit/loss

📌 Tip: Make sure to link your products/services and expense categories to the correct accounts in the Chart of Accounts (CoA).

Also available via the Accounting module, showing:

• Assets: Cash, inventory, receivables
• Liabilities: Payables, loans, VAT dues
• Equity: Retained earnings, capital

⚠️ Note: The default Balance Sheet is basic and may require:

• Custom CoA
• Optional reports module for audit-grade reports

📦 Consider the “Accountancy Expert” module from Dolistore for better compliance and detail (especially for EU-based businesses).

CushionsERP manages inventory with real-time stock valuation:

Valuation Methods:

• Average Weighted Price (AWP) (default)
• Standard Cost (manual)
• FIFO/LIFO (requires Dolistore modules)

You get:

• Real-time stock value per product
• Inventory movement reports
• Exportable valuation snapshot at any date

📌 Tip: Enable the Stock Module and Products/Services Module. Define cost price per product to correctly calculate COGS.

• Accounting Expert (paid) — adds detailed reports
• Advanced Reporting — for improved financial visibility
• Inventory Movement Valuation — supports FIFO/LIFO, warehouse-level costing

Since your needs are simple and common for a small business, CushionsERP should work well with:

• Proper Chart of Accounts setup
• Accurate product/service cost tracking
• Periodic review of reports and data exports