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Financial accounting

What is meant by Financial accounting?

"Financial accounting" refers to the process of systematically recording, organizing, analyzing, and reporting on the financial transactions of a business. This includes the recording of revenues, expenses, assets, and liabilities in accordance with applicable accounting principles and standards. The purpose of financial accounting is to document the financial position of a company, create transparency, and provide a solid foundation for management decisions as well as compliance with legal requirements.

Typical features of software in the "financial accounting" area may include:

  1. Bookkeeping: Recording and processing of entries for revenues, expenses, assets, and liabilities according to the double-entry accounting system (debit-credit principle).

  2. Account management: Maintaining accounts for various financial categories such as bank accounts, creditors, debtors, assets, etc., to accurately track the financial position of the company.

  3. Automated postings: Automated capture and posting of recurring transactions, periodic entries, and closing entries to streamline the accounting process.

  4. Financial reporting: Generation of financial reports such as balance sheets, income statements, cash flow statements, and other relevant reports to analyze and communicate the financial performance of the company.

  5. Tax calculation and reporting: Calculating taxes based on financial data and preparing tax returns and reports in accordance with tax regulations.

 

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The function / module Financial accounting belongs to:

Financial accounting

Software solutions with function or module Financial accounting:

audius:Event for Event Management
Industry solution for event providers.
C/3 Enterprise
 
 
 
 
 
 
A highly efficient merchandise management system
Sage X3
Sage X3
 
 
 
 
 
 
More than a typical ERP!
Unit4 ERP
Unit4 ERP
 
 
 
 
 
 
ERP software for project-oriented service companies
ORDAT.ERP
ORDAT.ERP
 
 
 
 
 
 
The professional ERP system for SMEs with worry-free release upgrades
Odoo Enterprise
Odoo Enterprise
 
 
 
 
 
 
ERP software with a sense of proportion
ProMode
ProMode
 
 
 
 
 
 
ERP / Enterprice Ressource Planning System / Merchandise management system
e.bootis-ERPII Suite
e.bootis-ERPII Suite
 
 
 
 
 
 
Future-oriented ERP software for trade, industry & services
Microsoft Dynamics 365
Microsoft Dynamics 365
 
 
 
 
 
 
MICROSOFT DYNAMICS 365 - the next generation of CRM and ERP applications
SIO
SIO
 
 
 
 
 
 
Tour operator software redefined
Show all 50 programs with Financial accounting