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Cloud Accounting

08 May Cloud Accounting

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Cloud Accounting

Cloud Accounting is when your Company’s Data Base is stored in the Cloud and can be accessed by you and your staff any where you are. Your Accounting Solution is installed in the cloud. This is the newest technology in town for Business Management. It is for small, medium and Bigger Organizations. Your company’s operations are stored in secured servers in the cloud. What this means is that your office is no longer limited to a particular location. You can access and post data anywhere and at any time.

FEATURES

  1. It is secured, safe, reliable, and dependable,
  2. Your data and application are hosted in a reliable and dependable Server in the cloud,
  3. You can access  your company’s data from anywhere at any time with an internet,
  4. You can access your information on the road , at home, abroad just like you are in the office,
  5. You can grant full or limited access to the number of users you want,
  6. Your data is always backup in cloud and updated,
  7. No loss of Information/Data in case of Virus attack, fire out brake, theft, flood and other, natural causes,

ADVANTAGES
The following Tasks can be performed from anywhere you are:

  1. Create new Company and Legers
    • ​​​​Create new company
    • Set up charts of Account
    • Set up General Ledgers
  2. Account Payable
    1. Set up of Vendors
    2. Set up Supplier’s information
    3. Post Vendors Prepayments
    4. Post Purchase Orders
    5. Post Purchases
    6. Post Withholding Tax
    7. Receive Inventory /Stock
    8. Post Cheques
    9. Post Petty Cash expenses
    10. Post Payments Vouchers
  3. Inventory and Item set up
    1. Inventory Basic procedures (Cost price and Selling price)
    2. Manufacturing/Assemblies
    3. Cost Matrix (Bill of quantities)
    4. Inventory costing
  4. Account Receivable
    1. Set up Customers information
    2. Post Sales Orders
    3. Post Sales Invoice
    4. Post Discounts
    5. Post Customers Cash Receipts
    6. Post Customers Prepayments
    7. Close prepaid invoices and receipts
    8. Posting of Customers Cheque receipts
  5. General Journal Ledger
    1. General Ledgers
    2. Post Cash Transfers
    3. Post of Bank Tellers
    4. Beginning Balances
  6. Payroll Account
    1. Set up Employee Data
    2. Post Employee Salary
    3. Set up of Allowances
    4. Set up Basics
    5. Set up Deductions
    6. Set up IOU
    7. Post Deductions
    8. Post Payslip set up
  7. Liabilities
    1. Post VAT
    2. Post PAYE
    3. Post Company Income Tax
    4. Post Pensions
    5. Post Bank Loans
    6. Post Individual Loans
    7. Post Long term Liabilities
    8. Post Short term Liabilities
  8. Account Reconciliation
    1. Bank Reconciliation
    2. Cash reconciliation
  9. Equities
    1. Capital
    2. Reserves
    3. Retain Earnings
    4. Directors Current Account
  10. Assets
    1. Post Fixed Assets acquisition
    2. Post Fixed Assets Sales
    3. Post Fixed Assets Depreciation
    4. Post Staff Loan
    5. Post other Loans
  11. Report Generation
    1. Management Account Reports
    2. General Ledger Reports
    3. Account payable Reports
    4. Account Receivable Reports
    5. Inventory Reports
    6. Trial Balance
    7. Profit & Loss Account
    8. Balance Sheet
    9. Cash Flow Statements ETC

ACCOUNTING SOLUTIONS

The above features are achievable when you computerize your company data/operations with:
  • Sage 50 Accounting
  • QuickBooks Accounting
  • Sage Pastel Accounting
  • Tally,
  •  Sage Pastel,
  • Sage Pastel Payroll,
  •  VIP HR Software etc.

 

 

 

 

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