Financial Accounting Software With Inventory Management
Posted on April 19, 2010 | No Comments
Anand Ravindran asked:
The Financial Accounting software is an easy to use to tool to record transactions and to know the current status of any business. Be it as a Trading company, Sales unit, Industry with production, manufacturing, training business, financial institution what ever it may be.
The financial accounting consists of 3 major modules one for creating party master and to record transactions like purchase, sales, payment, receipt. Second one is the Ledger module where it has ledges classified as assets, liabilities, income and expenditure. Third one is the journal vouchers. Evey transaction will affect in two ledgers. One on the credit side and another on the debit side.
The cash book can be maintained as a ledger. Finally, we can create a module for viewing the reports. The reports are based on the opening balances of the ledger and the journals which are referring to the particular account.
A particular ledger will have entries on both the sides and a final summary of balance. The major reports are the Trial Balance, The Trading account which deals with the Income and Expenditure.
The Balance sheet summary of assets and liabilities. The balance sheet can be generated by taking summary of assets, summary of liabilities and comparing the balances and adjusting the difference as “Reserve and Surplus”
Our company deal with software tools like SALES FORCE CRM, Inventory management, Financial accounting and so on. We are also dealing in offshore testing, offshore development.
We can also integrate the products like sales force CRM, inventory Management, Financial accounting etc as per the customer needs.
Website content
The Financial Accounting software is an easy to use to tool to record transactions and to know the current status of any business. Be it as a Trading company, Sales unit, Industry with production, manufacturing, training business, financial institution what ever it may be.
The financial accounting consists of 3 major modules one for creating party master and to record transactions like purchase, sales, payment, receipt. Second one is the Ledger module where it has ledges classified as assets, liabilities, income and expenditure. Third one is the journal vouchers. Evey transaction will affect in two ledgers. One on the credit side and another on the debit side.
The cash book can be maintained as a ledger. Finally, we can create a module for viewing the reports. The reports are based on the opening balances of the ledger and the journals which are referring to the particular account.
A particular ledger will have entries on both the sides and a final summary of balance. The major reports are the Trial Balance, The Trading account which deals with the Income and Expenditure.
The Balance sheet summary of assets and liabilities. The balance sheet can be generated by taking summary of assets, summary of liabilities and comparing the balances and adjusting the difference as “Reserve and Surplus”
Our company deal with software tools like SALES FORCE CRM, Inventory management, Financial accounting and so on. We are also dealing in offshore testing, offshore development.
We can also integrate the products like sales force CRM, inventory Management, Financial accounting etc as per the customer needs.
Website content