Introduction

The articles in our short overview of Quant section will cover the basics of using our simple cloud accounting software and provide links to more comprehensive articles on certain features.

Quant can be used to record business transactions which form the basis of reporting, VAT returns, accounts and tax returns.

By reading all the articles in this section, even the most novice bookkeeper can use the functions within the software.

Interactive help

While using Quant you will have real-time interactive help available on the right side of the screen. This can be accessed by clicking on the question mark icon in the top right (pictured below).

There are three sections that make up the Interactive Help. The first is ‘About This Page’, which explains the page you are on and gives a brief description on how to use it.

The next selection is ‘Selected Field Help’, which explains the field you have selected on screen, and finally the ‘Still Need Help’ section tells you how to get further support.

Additionally, you will receive notifications when potential mistakes are made, so it is important that you check the notifications when you receive them to ensure your data is correct.

Setting up your business wizard

When you first create an account you will be asked for some basic information about your business. The information you provide will set the program settings (which can be changed later on if needed). It is important that you answer the questions accurately, as incorrect settings could cause discrepancies with your data.

Opening balances wizard

Once you have set up your account you will be given the option to use the opening balances wizard. This should be completed if you were using a different bookkeeping system previously. Your previous balances should be taken from the trial balance dated the day before you start entering transactions.

If your business is VAT registered you should start entering transactions from the start of a new VAT quarter. If you start to enter transactions part way through a quarter then the VAT return for that quarter may not be accurate.