As new business owner, there maybe a lot things that tends to overwhelm you. Creating financial projections would provide you a clear pathway to achieve your vision and mission. One of the most important part of the business planning process is the preparation of financial statements that will predict the outcome of the organization's operation in the future periods.
Accounting softwares are types of application softwares that records, processes and accumulates financial and accounting transactions composed of various modules that deals with the sections of accounting and finance. These accounting softwares process data and generates reports and documents that are relevant for decision making.
For business owners, accountants and people involved with financial transactions, it advisable to accomplish in a day-to-day basis important accounting transactions to be able to get the real picture of the business operations and to automatically recalibrate significant business strategies that will have impact to the business as a whole. Here are some of the accounting tasks that we must bear in mind to keep all financial records and data updated:
001_AccuBooks Workflow Diagram
002_01_AccuBooks Online Accounting System
002_02_AccuBooks Online Enterprise Resource Planning System
003_Settings_01_Profile Settings
003_Settings_02_Company Settings
003_Settings_03_Configurations
003_Settings_04_Change Password
005_Requests_01_Purchase Requisition
005_Requests_02_Request For Payment
006_Sales_03_Other Receivables
007_Receipts_02_Collections- Others
008_Purchases_01_Purchase Order From Canvass Summary
008_Purchases_02_Purchase Invoice From Receiving Report
008_Purchases_03_Other Payables
009_Disbursements_02_Payment Others
009_Disbursements_02_Payment Others From Request for Payment
010_Inventories_01_Canvass Summary
010_Inventories_02_Inventory Adjustments
010_Inventories_03_Inventory Receipts_01_Receiving Report
010_Inventories_04_Warehouse Transfer
Purchasing is a critical function for any kind of business. It is related to the outflow of the company's resources so all aspects should be taken into consideration, properly planned and closely monitored.
Are you getting your Financial Reports just in time for your next management meeting?
Is your team taking longer time preparing the Financial Statements?
Can you vouch the accuracy of the amounts in your Financial Reports?
How often are you getting financial reports and analysis?
