Understanding Basic Modules of Accounting Software
Accounting Software is not a term anyone would understand, even if you are a developer, still you will require an Subject Matter Expert and lots of research in order to build an Accounting Software. If a single point of a mistake is found in this software which has the potential to ruin transaction, then it would be a disaster.
As a developer who has been appointed to build the best accounting software in South Africa, you must know about these core modules;
Payment to be received: whenever any sum of the amount is received by the company’s account, the entry is done under this module. Make sure there is enough entry fields are provided, like, payer’s name, payer’s account info, etc.
Payment to be done: provide a form where company can put all its debts.
General ledger: any account system must have it. A business should categorize its transactions based on their type and make an entry for the future reference. There should be an option to give crisp information about the transaction.
Invoices: often called as billing. Here company generates invoices for the clients and send them the amount to be paid for the task done.
Inventory: In this section company keeps the track of every item comes and goes. Very important part of the accounting software which is connected to other modules like, requisition, selling, purchasing, etc.
Purchase order: whenever a requisition is made, company checks the item in the inventory. If the item is not available then the requisition is made to the third party vendor, that information is tracked under this section.
Sales Order: when customer orders for the item to the company, the ‘sales request’ and ‘order supply’ is entered in this section.
Book Keeping: one of the important modules of this software. Company must record all its transaction, including payment, and collection.
There are many other modules available, which can be added as per the business requirement. It is advisable to choose a CRM firm which has ability to implement all the core and non-core modules that any accounting system needs.
Where to hire CRM Firm?
Great Soft is an award winning CRM/Accounting Software Company from South Africa, committed for developing cloud based Accounting systems for accounting firms and practices. The developers, here are especially skilled in building accounting systems and are well versed with the software. To know more about them, visit their website.
Julia is associated with CRM based company which is committed for developing cloud based accounting software in South Africa for accounting firms and practices.
As a developer who has been appointed to build the best accounting software in South Africa, you must know about these core modules;
Payment to be received: whenever any sum of the amount is received by the company’s account, the entry is done under this module. Make sure there is enough entry fields are provided, like, payer’s name, payer’s account info, etc.
Payment to be done: provide a form where company can put all its debts.
General ledger: any account system must have it. A business should categorize its transactions based on their type and make an entry for the future reference. There should be an option to give crisp information about the transaction.
Invoices: often called as billing. Here company generates invoices for the clients and send them the amount to be paid for the task done.
Inventory: In this section company keeps the track of every item comes and goes. Very important part of the accounting software which is connected to other modules like, requisition, selling, purchasing, etc.
Purchase order: whenever a requisition is made, company checks the item in the inventory. If the item is not available then the requisition is made to the third party vendor, that information is tracked under this section.
Sales Order: when customer orders for the item to the company, the ‘sales request’ and ‘order supply’ is entered in this section.
Book Keeping: one of the important modules of this software. Company must record all its transaction, including payment, and collection.
There are many other modules available, which can be added as per the business requirement. It is advisable to choose a CRM firm which has ability to implement all the core and non-core modules that any accounting system needs.
Where to hire CRM Firm?
Great Soft is an award winning CRM/Accounting Software Company from South Africa, committed for developing cloud based Accounting systems for accounting firms and practices. The developers, here are especially skilled in building accounting systems and are well versed with the software. To know more about them, visit their website.
Julia is associated with CRM based company which is committed for developing cloud based accounting software in South Africa for accounting firms and practices.
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