Accounting Bookkeeping 1.312

Business Accounting, Invoice, Inventory Management

The Simple Accounting Bookkeeping software is a valuable tool for businesses of all sizes. It allows you to easily record and manage all of your financial transactions, such as sales, purchases, payments, expenses, and taxes. This software has been specifically designed for small businesses with limited or no knowledge of accounting principles, making it accessible to a wide range of users.

With Simple Accounting Bookkeeping, you can send invoices, track purchases, manage expenses, and keep track of your payables and receivables. The app offers a 30-day free trial period, after which you can purchase a subscription for unlimited transactions.

Input Taxes

The app supports tracking input credits for VAT/GST and other taxes on your purchases. It allows you to offset these credits against the taxes payable on your sales, providing you with a comprehensive view of your tax liabilities.

Inventory Management

If your business deals with physical products, Simple Accounting Bookkeeping offers inventory tracking functionality. This feature automatically adjusts your inventory levels with each sale and purchase and calculates the cost of goods sold, giving you an accurate picture of your profitability.

Dashboard

The app's easy-to-use dashboard provides a snapshot of your business's financial performance. It includes information such as sales and purchases for the month, payments received and paid, expenses incurred, profits earned, net payables/receivables outstanding, and current balances in your bank and cash accounts.

Sales and Purchases

• Create multiple sales and purchase accounts to categorize your transactions by region or product vertical.
• Record sales and purchases with or without creating an invoice. Inventory levels are only affected if detailed itemized information is entered.
• Choose from multiple invoice templates and customize them with your logo and signature.
• Set due dates for your invoices to manage payment deadlines effectively.

Payments

• Record payment transactions when making or receiving payments.
• Keep track of your payables and receivables.
• Payment transactions automatically update your bank and cash balances.
• Accept partial payments against an invoice, even allowing advance payments without issuing an invoice.

Taxes

• The software is designed to accommodate multiple tax systems, such as VAT, GST, and sales tax.
• Identify taxes paid on purchases for which you can receive input credits (as in VAT or GST systems).
• Offset these input credits against taxes collected on the sale of goods.
• The app will show you the net tax payable as the difference between your input credits and taxes on sales, and record the payment accordingly.

Expenses

• Record expenses incurred in cash or on credit.
• Easily record petty cash expenses without needing supplier details.
• Record payments for expenses incurred on credit.
• The dashboard feature helps you track major expenses efficiently.

Backup and Restore

Link your Dropbox account to the app and easily backup your data on Dropbox or Google Drive.

Ledger and Journal Entries

• View the complete ledger of any account, such as clients, suppliers, expenses, cash, bank, and taxes.
• Record complex transactions using simple journal entries based on double-entry accounting principles.