BUSINESS ACCOUNTING FEATURES

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BUSINESS ACCOUNTING FEATURES

It has all the aspects of day to day transactions of a business. Accounts of receivables and payables, Orders of purchase and sales, General ledger, machinery maintenance and repairs managers, cash managers etc are the related features of these transactions. Since the entries of transactions made are posted in all the relevant areas of accounts, there would not be any errors of omission. The bank and cash books are prepared, for any duration, generating the statements of payment and receipts and also cheques are printed. Reconciliation of accounts is made for any types of accounts. Trial balance is the first step of accounting, with this information Trading and profit &loss account is prepared. Finally the Balance sheet is prepared with all the relevant data. It provides facility for easy calculation of interest.
A consolidated statement of finance is generated and reports of analysis of entities are formed by the users. An MIS report is developed and it is covered with the stocks, sales, duties, purchase and taxes, etc. A complete summary of the performance of a accounting business finance is overviewed by the analysis of the information and transactions of the concern.