Accounting software module

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Marine Engineering. The alternative method of maintaining accounts manually takes you days of effort to record transactions, post them to ledgers, create a Trial Balance and finally, prepare financial statements.

Imagine the time and cost savings if you can automate all these tasks. An accounting software empowers your accounts team in minimizing errors and focusing on high-impact actionables. In this article, let us understand the accounting software modules that can help your business. The chart of accounts is the complete list of your ledger accounts.

These are arranged based on whether they are assets, liabilities, capital, incomes or expenses. The chart of accounts gives an overall view of your business accounts. An accounting software should have an auto-created chart of accounts, based on the ledgers you use in your business. Whenever you make a sale, there is a need for a bill or invoice to be given to the customer. These bills should be accurate, detailed enough to contain all the information required and should be compliant as per the laws of the country.

Issuing bills manually is not a feasible task for any business. The Balance Sheet shows you the assets and liabilities of your business, which indicates your financial position. You should also be able to analyse these reports, with the help of facilities to compare, group and expand the details. LiteBreeze can still help your company with custom accounting software integration.

Custom Accounting Software Module. Need: Flexible Accounting Module LiteBreeze has developed a simple yet very powerful custom accounting application. Solution: Custom Accounting Software based on PHP To allow for a scalable solution the development team at LiteBreeze India built in support for various object codes such as cost centers, entities customers, vendors, employees and countries.