Accounting Solutions
A type of application software that records and processes accounting transactions within functional modules such as accounts payable, accounts receivable, journal, general ledger, payroll, and trial balance. It functions as an accounting information system.
Accounting Development Service
Project Objective: A platform that can function systematically and comprehensively recording of financial transaction about business.
Price Starts: Php 20,000
Accounting Capable:
- Account Receivable
- Account Payable
- Financial Close
- Time & Expense Capture
- Fund Accounting
- Project Accounting
- Revenue & Recognition Management
Features
Account Receivables
The system will show the Accounts Receivable of the company. The amount of account receivable depends on the line of credit which the customer enjoys from the company. Usually, this is offered to customers who are frequent buyers.
Account Payables
A system pays the bills of a business in an organized manner. The goals of this system are to make payments in a timely manner and to pay the correct amounts to the correct suppliers.
Financial Close
Used to describe the process of zeroing out the balance in nominal accounts, such as revenues and expenses, and updating the Retained Earnings account in the ledger to equal the end-of-period balance.
Time and expense Management
Where detailed time and expenses are tracked and billed to specific customers.
Fund Accounting
Process in which a company that takes the financial assets of a company or another fund management company and use the funds to invest in companies that use those as an operational investment, financial investment or any other investment
Project Accounting
Focuses on the financial transactions related to managing a project including costs, billing and revenue. Integrate key financial tasks on a project-by-project basis and report their progress and success to management.
Revenue Recognition and Management
Revenue is recognized when a critical event has occurred, and the amount is easily measurable to the company.
Benefits of Accounting System
1.Ensuring Financial Control
Accounting system allows business owners to control their finances automatically, even though they may not be experts in accounting. With a little training, they can manage all accounting operations using their computers or mobile devices without having to pay external parties to keep their budgets under control.
2. Saving Costs
Accounting apps automate core calculations and administrative procedures as well as takes control of your revenue framework, so you don’t have to outsource your financial management to an external party. The software can also reduce the costs associated with printing and distributing documentation, since all data is digitally stored in a safe and monitored location.
3. Increasing Data Accuracy
According to accountants and auditors, one of the important benefits of good accounting apps is it reduces human error that usually occurs during calculation and data entry. Inaccuracies in financial statements could lead to crises that have an impact on your business life span, and the accounting software can keep these issues from happening.
4. Improving Decision Making
This is one of the main advantages of implementing sophisticated accounting systems. Without an automated accounting solution, you will have difficulty understanding your business financial condition. It provides you with numbers that can help you figure out where to cut expenses or where to invest more.
With a clear overview of your current financial state, you will be able to develop smarter strategies and allocate resources more easily.
5. Improving Financial Data Security
Financial data is company’s most confidential information and must be highly protected so that it does not fall into the wrong hands. An accounting system ensures your financial data remains safe by storing it in a centralized system that is protected by firewalls. Thus, only those who are granted access rights can see the data.
Timeline:
Once all the asset are ready given by the client, We can finished the system in 2 Weeks at most 6 Weeks.
Interested?:
Give us a call at 09451600366 or email us on ceo@geer.solutions