Online Financial Accouting

Accounting is a discipline of study pertaining to financial matters in business. It provides quantifiable information that are needed by investors, tax agencies, managers and other businesspersons to take crucial decisions about resource allotments in organizations and public bodies. Accountants are responsible for the financial accounting and auditing activities of a business, such as overseeing the books, payroll, tax compliance, and the like. Accounting as a branch of study is closely connected to the language of business. This term is a derivative of financial accounts which is a method incorporating a transparent source of financial information about a business? The main purpose of accounting is to keep a record of one’s income and the resulting expenditures.

Financial Accounting Features

Multi Lingual, Multi Organization

• Multi Language support for all the screens.
• Base language selection.
• Captions, Names, Accounts, Currencies can be translated to base language.
• Language translations allowed at all the levels of the system.
• Organization wise Data Security.
• Organizational unique Display Scheme Selection

Tracking of Transactions

• Ease of Tracking and reporting of funds according to the segments.
• Information such as, when, from what, from who, why etc can be tracked very easily.

Voucher Entry

• Organized and systematic.
• Selection of segments and accounts.
• Each transaction is associated with the segments via accounts.
• Minimizes the accounts as more than one department can use the same account.
• Voucher entry in multi-currency possible

Data segregation

• Organizational data can be separated out.
• Restricted visibility of data can be set as per rights.
• Access levels can be defined to prevent any unauthorized access.
• Access oriented reporting
• Hierarchical tree structure.
• Definition of account groups allowed at the system level.
• Accounts defined under a group defined at organization level.
• Uniqueness of account numbers is maintained.
• Association of Account groups with different segments allowed facilitating population.
• Account type can be defined such as Account Payable, Account Receivable, Bank & Cash etc

Audit

• Chief Accountant has the right to approve, reject or keep on pending any Journal Voucher entry.
• Listing of Journal Voucher Entries as pending approved or rejected.
• Reporting of Journal Voucher entries.

Security

• As all the data is centralized on one server it can be easily and efficiently protected.
• Data and Web server hosted with well know, high quality Hosting service which provide high level of physical protection to the servers as well as high level of power and bandwidth redundancy. This lead high uptime with a 99.9999%
• System audited against well-known hacking attacks like SQL Injection and Cross Site Scripting.
• Uniqueness of account numbers is maintained.
• Data can be made to travel over encrypted channels using SSL so that it does not fall into wrong hands.
• All passwords are encrypted and stored in the database. An unencrypted password never travels over the Net.

Financial accounting concerns preparing financial information for users outside your organization. Our Online sessions will offer you some financial accounting basics, and how to analyze the resulting financial statements. Recently, accounting practices have come under considerable fire. We will provide you with the tools to protect yourself from misleading accounting information. By the end of the day, you will be able to pick up a set of financial statements, understand what lies behind them, and interpret their main content.