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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:

INTEX IX FUSION PLUS
INTEX IX FUSION PLUS
 
 
 
 
 
 
merchandise management system for small and medium-sized enterprises in the fashion biz
Scopevisio
Scopevisio
 
 
 
 
 
 
Cloud enterprise software for the mid-market companies
TOPIX Financial Accounting
Powerful accounting software for SMEs
VlexPlus
VlexPlus
 
 
 
 
 
 
The all-in-one ERP system for the manufacturing industry
KITCAT365
KITCAT365
 
 
 
 
 
 
Software for commercial kitchens, communal catering and catering
WINPACCS – software for development
WINPACCS – the integrated software solution for international aid organisations
deLUXE-ERP
deLUXE-ERP
 
 
 
 
 
 
ERP | CRM | PIM | Merchandise Management | Business Intelligence - complete solution
e.bootis-ERPII Suite
e.bootis-ERPII Suite
 
 
 
 
 
 
Future-oriented ERP software for trade, industry & services
OGSiD
 
 
 
 
 
 
ERP complete solution for medium-sized businesses
Odoo-ERP
Odoo-ERP
 
 
 
 
 
 
Modular business software
Show all 50 programs with Financial accounting