Accounting Bookkeeping
Accounting Bookkeeping is a straightforward app designed to help small businesses manage their financial transactions. Whether you're handling sales, purchases, payments, expenses, or taxes, this app simplifies the entire process. With features like invoicing, expense tracking, inventory management, and tax calculations, it’s perfect for entrepreneurs with little to no accounting knowledge. Track profits, manage your accounts, and keep your financials in check with ease!
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Start by creating sales and purchase accounts for different regions or product categories. Record your transactions, whether it's a sale or purchase. The app automatically adjusts inventory levels for physical products when you make a sale or purchase. It also helps track input tax credits for VAT/GST and offsets them against sales tax. Use the profit and loss module to monitor your cost of goods sold and overall profitability. Keep an eye on your tax payable by comparing input credits and sales tax, and make payments directly within the app.
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