Money management is the process of tracking expenses, investing, budgeting, banking, and assessing tax labilities.
Account & Finance Management System
Accounting is a systematic
and comprehensive process of identifying, measuring, processing, classifying,
and recording financial transactions pertaining to an economic entity. It
refers to summarize, analyze and record such information to be reported to internal
users such as management, employees, and external users, such as investors,
regulators, and the oversight agencies or tax officials. Financial Management is a managerial activity that is
concerned with planning, directing, monitoring, organizing, and controlling the
monetary resources of an organization.
Features
Fixed expenses or costs are those that do not fluctuate with changes in production level or sales volume.
A debt can be considered a paid collection because you paid it in full or because the debt collector agreed to accept a partial payment to settle the debt.
It consists of the policies, procedures and actions corporates follow to open, close or modify bank accounts by institutions.
Variable expenses also known as variable costs are expenses that change depending on how much you use a product or service.
A trial balance is a bookkeeping worksheet in which the balance of all ledgers are compiled into debit and credit account column totals that are equal.
This system help automates the entire loan lifecycle. Depending on requirements, these programs can assist in part or whole.
A voucher to record the actual expenditure details when they are known, and another voucher to record the return of surplus cash.
Financial statements are formal records of the financial activities and position of a business, person, or other entity.
Fixed assets are long-term physical assets such as property, plant, and equipment. Variable costs vary based on the amount of output produced.
A Funds Transfer is a sequence of events that results in the movement of funds from the remitter to the beneficiary.
This module should manage and monitor overall the accounting reports.