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| Globally Accessible Accounting and Inventory Control Application with you online store and e-payment interface. Internet or Web based Accounting and Inventory Control Application including a online store for your business with a shopping cart and credit card interface. Runs in an internet browser from any computer. | | Learn More | |
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HiTech Newspaper Management System
Customized for Newspaper & Magazine Publishers
Complete with Advertisement, Circulation, Payroll & Accounts modules
Setting up Accounts Account Head Setup, Set Up Accounts, Accounts Module
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Setting up of Account heads or reviewing of account info can be done using menu command Setup Accounts under menu heading Accounts. The accounts of customers and suppliers are set up automatically when their name are entered in the customer or supplier list. Other account can be set up here. Also the default account heads for posting entries of Sales and purchase have to be defined here. The various accounts and their control accounts can also be entered and viewed here. All the customers are grouped under control account SUNDRY DEBTORS, suppliers under SUNDRY CREDITORS and so on. In other words the parent account of a customer is sundry debtor.
Opening balances at start of actual accounting period can be entered for each account here and the ledger can be modified accordingly. Account heads can be deleted if required. Once deleted here the account heads are also deleted from ledger.
All accounts must belong to one of the four categories : Asset, Liability, Income, Expenditure. As per this definition these account heads find their place on the appropriate side on P & L Account or Balance Sheet.
Default account head are also defined for automatic posting of sales and purchase transactions in the ledger. Other account heads as per the requirement of the accounting needs of the business can be defined here along with the control accounts.
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HiTech Accounting Software, Billing Software, Inventory Control Software for Various Business Segments - Watch these accounting software videos |
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