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.

 

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