For managing this application, know about account that what is account ?
- It is record of financial transactions for an asset or individual, such as at a bank, brokerage, credit, card company or retail store.
- The purpose of this records is to enable anyone to appraise the organization's current financial position with reasonable accuracy. Firms persent their annual accounts in two main parts : The balance sheet, and the income statement (profit and loss account).
The annual accounts of a registered or incorporated firm are required by law to disclose a certain amount of information. And have to be certified by an external auditor that they present a 'true and fair view' of the financial affairs.
This application easy to use and understand for users with non accounting background. It is tightly integrated with commerce and produce final Balance Sheet and P&L without any efforts.
ords of an organization that register all financial transactions, and must be kept at its principal office or place of business. The purpose of these records is to enable anyone to appraise the organization's current financial position with reasonable accuracy. Firms present their annual accounts in two main parts: the balance sheet, and the income statement (profit and loss account). The annual accounts of a registered or incorporated firm are required by law to disclose a certain amount of information. And have to be certified by an external auditor that they present a 'true and fair view' of the firm's financial affairs.
Read more: http://www.businessdictionary.com/definition/accounts.html
Financial records of an organization that register all financial transactions, and must be kept at its principal office or place of business. The purpose of these records is to enable anyone to appraise the organization's current financial position with reasonable accuracy. Firms present their annual accounts in two main parts: the balance sheet, and the income statement (profit and loss account). The annual accounts of a registered or incorporated firm are required by law to disclose a certain amount of information. And have to be certified by an external auditor that they present a 'true and fair view' of the firm's financial affairs.
Read more: http://www.businessdictionary.com/definition/accounts.html