Accounting Bookkeeping - Invoice Expense Inventory

Business Accounting, Invoice, Inventory Management

Simple Accounting Bookkeeping helps you to document all of your transactions similar to Sale, Purchase, Payments , Expenses, Taxes and so forth. in an very simple method.

Simple Accounting Bookkeeping has been designed for small businesses to manage their complete accounting needs with limited or no information of underlying accounting ideas. You can send throughout invoices, record purchases, manage your expenses, monitor your payable and receivables. App is free to attempt for 30 days, after which you ought to buy subscription for limitless transactions

INPUT TAXES : The app helps tracking input credits for VAT / GST and so on. in your purchases and offsetting the identical on taxes payable in opposition to your Sales.

INVENTORY MANAGEMENT : If you buy/sell bodily merchandise You can enable stock monitoring for them. Your inventory levels for every product might be routinely decreased on Sale and increased on Purchases. Profit and Loss module would keep track of Cost of Goods Sold everytime you make a Sale and calculate your income accordingly.

It is helpful for businesses dealing in services in addition to bodily merchandise.

Dashboard

The app incorporates an Easy-to-use Dashboard which options

- Sales / Purchases this month

- Payments Received / Paid this month

- Expenses incurred this month

- Profits earned this month with summary calculation

- Net Payables/ Receivables outstanding

- Current balances in Bank Account and Cash Account

Sales and Purchases

- Create multiple Sales / Purchase Accounts to classify your Sales/Purchase ( by region, product vertical and so forth.)

- Record a sale / Purchase with or with out creating an bill ( inventory is not going to be affected if itemised particulars are not entered)

- Multiple Template choices for sending invoices

- Add Logo and Signature to your invoice

- Set Due Dates on Invoice

Payments

- Record your cost transactions when you Make / Receive payments

- Keep track of your payables and receivables

- Payment transactions automatically replace your financial institution / money steadiness

- Accept partial payments towards an bill

- Accept funds as Advances even when you have not issued any invoices

Taxes

- Designed for a quantity of tax systems similar to VAT, GST , Sales Tax etc

- Identify Taxes paid on purchase for which you receive enter credit ( as in VAT system or GST system)

- Offset these enter credits in opposition to taxes collected on Sale of Goods

- The app will show you Net Tax Payable as distinction of Input Credits and Tax on Sales and report the cost of the same.

Expenses

- Record expenses incurred in money or as credit

- Petty Cash bills can be quickly recorded with out referring a provider

- Record payments for expenses incurred on credit

- Dashboard helps you keep observe your major bills

Backup and Restore

- Link your Dropbox account to the app Backup your information on Dropbox/ Google Drive

Ledger and journal Entries

- View complete ledger of any account - Client , Supplier, Expenses, Cash, Bank, Taxes and so forth

- Complex transactions could be recorded as easy journal entries using double entry accounting ideas ( Credit and Debit)