paxteacher.blogg.se - Cost of tally erp 9 for chartered accountants

Reconciliation-compares records from parties at both sides of transactions for consistency.

Purchase requisition-where requests for purchase orders are made, approved and tracked.

Timesheet-where professionals (such as attorneys and consultants) record time worked so that it can be billed to clients.

Reports-where the company prints out data.

Payroll-where the company tracks salary, wages, and related taxes.

Inquiries-where the company looks up information on screen without any edits or additions.

Expense-where employee business-related expenses are entered.

Debt collection-where the company tracks attempts to collect overdue bills (sometimes part of accounts receivable).Financial close management - where accounting teams verify and adjust account balances at the end of a designated time period.Bookkeeping-where the company records collection and payment.Sales order-where the company records customer orders for the supply of inventory.Purchase order-where the company orders inventory.Stock/inventory-where the company keeps control of its inventory.Billing-where the company produces invoices to clients/customers.Accounts payable-where the company enters its bills and pays money it owes.Accounts receivable-where the company enters money received.Accounting software is typically composed of various modules, with different sections dealing with particular areas of accounting.