ACCOUNTS |
In today’s competitive world, the success of an organization is decided by the ability to respond quickly and correctly to ever changing market conditions.
And money being the core of the organizational resource and objective of business, an integrated accounting and finance system becomes an inevitable need. That’s where ACCOUNTS module of IBS comes up. IBS looks at business from an operations perspective and accounting & finance functions are handled in line with that.
IBS ACCOUNTS module handles basic accounting functions and also has capabilities to handle financial analysis tasks.
While accounting is a data-collection process dealing with accurate recording and reporting; finance is a managerial or decision making process. The financial manager is involved with the total amount of capital employed by the firm, with the allocation of funds to different projects and activities, and with the measurement of the results of each allocation. In this respect, IBS enables you to manage your accounts and also handle your finances effectively.
The key areas that get addressed by IBS ACCOUNTS module include
Accounts
- Journal
- Ledger
- Banks
- Payable Tracking
- Receivable Tracking
- Capital and Revenue
- Final Accounts
- Analysis of financial statements
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Accounts Reports
- Ledger
- Cash Book
- Bank Book
- Day Book
- Trial Balance
- P & L
- Balance Sheet
- Bank Reconciliation
- Account Group Summary
- Creditors List
- Debtors List
- Monthly Income-Expense Statement
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| IBS ACCOUNTS module ensures that you record your monetary transactions in a transparent manner and have tools to manage your funds efficiently. |
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