Double-entry accounting

The professional tool to manage assets, liabilities, expenses and income according to the international rules of the Double-entry (debit and credit) and to obtain a Balance Sheet and a Profit/loss Statement.

The double-entry accounting application is available with or without the VAT management option.   

Characteristics

• Manages the estate accounts and the profit/loss accounts (assets, liabilities, expenses and revenue)
• The accounting type with VAT features the VAT calculations and VAT reports
• Produces all the accounting extracts: journal, account cards, balances by period and annual balances 
• Allows to manage Cost Centers and Segments
• Offers different ways of data presentation
• Exports data to Excel, Html, Xml, Pdf
• Imports data from different files formats

Tables and File properties

The double-entry accounting is composed by the following tables:

• Accounts table
  Where the accounting plan is located with opening balances, and where groups and subgroups can be defined along with cost centers and segments.
• Transactions table
  Where the accounting transactions are entered.
• VAT Codes table
  Where the VAT/Sales tax codes are set, only the VAT management option has been chosen.
• Exchange rates table
  Where the different currencies are defined - only in the multi-currency accounting
• File properties
  Where the accounting general settings are defined.