Financial Accounting Software – Sector of Business Accounting
Do you want to improve your company's financial management? Do not know what tool that can help you?
Financial accounting software is a great solution specially designed to help organizations cover all aspects of financial management and control. Financial accounting is a process of collecting, measuring, recording and presenting commercial transactions performed by the company. This process accurately reflects company's business activity, helps the company to satisfy the laws' requirements and represent financial reports to business owners, enables performing improved analysis of business activity and contributes efficient resource allocation.
One of the key objectives of the financial accounting software is preparing the accurate financial statements:
- Statement of Cash Flows – a financial report that shows the change (operating activities, investing activities, and financing activities) in the company's Cash account during an accounting period.
- Income Statement – a financial statement that reports company's performance (revenues, expenses, gains, and losses) over a specific accounting period.
- Balance Sheet – a financial statement that summarizes company's assets, liabilities and shareholders' equity (adhering the formula: Assets = Liabilities + Shareholders' Equity) at the last day of an accounting period.
- Statement of Stockholders' Equity – a financial statement that reports changes in all major equity accounts during an accounting period.
Financial accounting is just one sector in the field of business accounting. Our company offers businesses performing delivery (including direct store delivery (DSD)), route sales, pre-order, equipment and other field services a powerful yet elegant software solution that can help them to tackle routine tasks concerned with:
- route accounting,
- assets management,
- inventory control and warehouse management,
- purchasing and sales management,
- invoicing and billing,
- reporting, and other everyday business processes.
Businesses choose Prism VS's software solutions because of our desktop and mobile software packages are:
- easy to set up,
- straightforward to learn,
- easy to implement,
- trouble-free to maintain.