Financial Accounting

Features and Functions of Financial Accounting:

• Chart of accounts — Allows you to define all accounts and their hierarchical relationships
• Journal entries — Allows you to enter or find manual journal entries and automatically allocate each transaction to a project or profit center
• Transaction templates — Enables you to save time and prevent mistakes when entering manual journal entries
• Recurrent journal transactions — Lets you create your own set of recurrent transactions, including automatic frequency reminders
• Exchange rate differences — Adjusts foreign currency accounts to the changes in your local currency
• Trial balance report — Displays account balances and transactions, enabling you to view all financial reports in any desired currency and in each detailing level
• Profit and loss report — Displays income and expenses in the conventional way used by accountants
• Balance sheet — Displays assets and liabilities in the conventional way used by accountants
• Comparative reports — Allows all reports to be displayed in a comparative view between months, quarters, years, or any other period
• Budget — Helps you define and track your budget in any currency and view a summarizing budget report, which compares the actual versus the planned figures
• Financial reports designer — Gives you the power to create unlimited financial reporting templates