Acc'ing Software - Cloud Accounting

application

Accounting software is an application software that records & processes accounting transactions within functional modules such as accounts payable, accounts receivable, payroll, and trial balance. It functions as an accounting information system.

  • You can use our accounting software to run your business more effectively if your business is operating in one or more situations described below
  • My sales staffs are always travelling and would like to see the invoice and sales data all the time
  • My accounting staffs are working from home and would like to finalize the quarterly accounts by working from home and without visiting the office.
  • I have the need to just record the invoices and receipts of my customers
  • My accountant just uses journal entries to maintain all our company accounts
  • My company has two branches/locations and I would like to maintain one single database and get the overall finance health of the company
  • I am very keen on knowing the correct inventory levels of my store all the time.
  • I want a Payroll system in my company for effective employee management
  • And many more situations and needs....
Modules:

Accounting software is typically composed of various modules, different sections dealing with particular areas of accounting.

Core modules
  • Accounts receivable — where the company enters money received
  • Accounts payable — where the company enters its bills and pays money it owes
  • General ledger — the company's "books"
  • Billing — where the company produces invoices to clients/customers
  • Stock/inventory — where the company keeps control of its inventory
  • Purchase order — where the company orders inventory
  • Sales order — where the company records customer orders for the supply of inventory
  • Bookkeeping — where the company records collection and payment
Non-core modules
  • Debt collection — where the company tracks attempts to collect overdue bills (sometimes part of accounts receivable)
  • Electronic payment — processing
  • Expense — where employee business-related expenses are entered
  • Inquiries — where the company looks up information on screen without any edits or additions
  • Payroll — where the company tracks salary, wages, and related taxes
  • Reports — where the company prints out data
  • Timesheet — where professionals (such as attorneys and consultants) record time worked so that it can be billed to clients
  • Purchase requisition — where requests for purchase orders are made, approved and tracked
  • Reconciliation — compares records from parties at both sides of transactions for consistency
  • Drill down
  • Journals
  • Departmental — accounting
  • Support for value added taxation
  • Calculation of statutory holdback

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