An advanced financial accounting system developed specially for advance accountants or the person who require maintaining list of accounts in categorized manners. User can open subsidiary account in any of level. Complicated Example: Fixed Assets > Current Assets > Accounts Receivable > Local > Karachi > Area > ABC & Company. Simple Example: Fixed Assets > Accounts Receivable > ABC & Company. In the complicated example sub account was created at 7th level while in simple example sub account was created at 3rd level. All the reports in which accounts appear shows account in tree based system. Cash Book & Account Ledger can be views and printed for any level of account. Trial Balances, Net P/L and Balance Sheet can be printed by three options (1- Control Accounts Only, 2- Subsidiary Accounts Only and 3- Show Both).
Wednesday, November 18, 2009
Tuesday, November 17, 2009
Often it is said that money value is declining, but we have yet to find any statistical report over it. The Reserve Bank of India (RBI) as monetary regulator in India monitors different monetary ratios like 1) GDP/Broad Money, 2) GDP/Narrow Money and 3) GDP/Currency with public etc. to evaluate the impact of money on income velocity. But still after 75 years of monetary regulations, RBI is not in a position to tell us exact figure of decline in money value because its approach misses some important factors like growth of credit and accrued interest etc. in broad and narrow money. Actually RBI does not use the concept of gross and net liquidity to measure the value of money at a given point of time.
Monday, November 16, 2009
Finding the best gold investment advice from knowledgeable experts is an excellent way to prepare a successful diversification with gold, and there are a few important pieces of advice that you could use to your advantage in order to maximize your profit and wealth preservation potential. First things first, before actually beginning a gold investment, it’s important that you thoroughly analyze your investing goals in order to determine whether a precious metal diversification could be right for you. If you seek a powerful safe-haven asset for either short-term profit or long-term wealth preservation, then your next steps are to explore the market by analyzing the spot price and its daily fluctuation, the different types of bars and coins as well as the many dealers that are available to supply these products.
Saturday, November 14, 2009
Small business owners juggle many roles: sales, product development, customer service, marketing – not to mention bookkeeping and accounts management. Outsourcing management of payables makes good business sense for many business owners. If you are struggling with keeping your accounts up to date, here are some reasons to consider hiring a specialist to handle your accounts receivables.