Accounts Manage accounts, transactions and taxes easily Introduction and Setting Up Accounting Entries Accounting entries are key source of information used to prepare, verify and/or audit of financial statements Chart of Accounts For every business organisation chart of accounts serves as backbone for recording financial transations Branch Accounting Every business location creates a new dimension in books of accounts in order to separate income, expenses, costs assets and liabilities Journals and Payments Journay Entry A journal entry is a basic accounting entry that records financial affect in multiple accounts where debit amount and credit amount of all affected accounts are equal. Journal Entry Template As accoutants records financial transactions on daily basis and therefore we can create a predetermined template with selected options to boost working efficiency. Payment Entry Payment entry is recorded against sales invoices, sales orders, purchase invoices, purchase orders, expense claim, etc Payment Request Payment request is used to request payment against sales order or sales invoice Advance Payment Entry Sometimes or in certain business domains customer pay amount against products or services to be delivered or rendered in furture; for which advance payment is recorded against that customer Billing and Pricing Sales Invoice Sales invoice is a bill of products or services which is served to customer. Upon submission, receivables are upated and income is recorded. Purchase Invoice Purchase invoice is a bill of prouducts or services that a business organisation buy form supplier. Upon submission, payables are upated. Point of Sales Point of Sales (POS) is process where delivery of goods, accrual of sales and coresponding payment all done in one single transaction. Credit Note A credit note is document which is sent to the customer notifying that a credit is recorded in their account against return or goods or otherwise. Debit Note A debit note is a document sent by a buyer to a seller notifying that a debit is recorded in their account against return of goods or otherwise. Pricing Rule Pricing rule is a master where you can define rules based on which discount is applied to a specific customer or supplier. Tools Bank Reconciliation Bank reconciliation explains difference on a specific date between the bank balance shown in books of accounts and the actual coresponding bank statemnet Payment Reconciliation Payment reconcilation serves as a tool to confirm whether the money leaving an account mactches the amount that is been spent and ensure that two are balanced at the end of the recording period. Accounting Reports Accounts module has multiple built-in reports e.g Profit or Loss Statement, Balance Sheet, Cash Flow Statement, etc. Advanced Accounting Multi Currency Accounting Record accounting entries in multiple currencies, maintain bank accounts in foreign currency and make transactions in that currency. Deferred Revenue Deferred revenue is an advance payment, which is related to more than one accounting period, a business receives against products or services which will be delivered in more than one accounting period. Subscription Often services are rendered on monthly basis against fixed service charges, subscription feature auto-create Sales Invoices for the customer against which subscription plan is created. Invoice Discounting Invoice discounting is a practice of using business's unpaid sales invoices as collateral for obtaining a short-term loan from a scheduled or finance bank. Shareholder Matrix® keeps track of all shareholders and maintains share register, share transfer, share ledger and share balances. More than 100 businesses are using Matrix® in Pakistan Start Free Trial Contact Us