Posted date: Jul 23, 2021
Edited
by: Dianna Padgett
736 Views
One of the most necessary and most tedious aspects of any business is the accounting. If you don’t have an in house system, it could also be expensive. I would like to introduce you to a simple and comprehensive system that allows entry, analysis and financial reports based on your needs. Simple Financials and Inventory.
The Page options are Home, Inv, Recipes, Buy, Sell, Reports, Contacts Settings, Help, Feedback, Log out.
It is especially useful for enterprises involving production and inventory tracking. It keeps track of inventory, recipes and production, transferring inventory from ingredients to finished product automatically. Inventory can be listed in Categories and Sub-Categories. A printable inventory list makes physical inventory and adjustments fast and easy.
It tracks purchases and sales, Accounts Payable and Accounts Receivables. Produces printable statements for your receivables.
There is a Daily Report for depositing income and Journals for up to 10 Bank accounts. Also a General Journal for all other entries.
You are able to create the Ledger accounts according to the needs of your enterprise. And print a Balance Sheet and Income Statement.
There are Help buttons on each page and sub-page if you need some guidance.
When you move from one fiscal year to the next the ledgers continue. A banner will show at the top letting you know you need to close the prior year. When you are sure the prior year is complete and you want to archive it (after the CPA and or the boss and or the partners say it is ok) just go to the Settings page and click the Close Prior Year button. It will move the Net Profit to the Retained Earning account, zero out all Income Statement accounts and move the Balance Sheet end of the year balances to the beginning of the current year. It will also provide you with a downloadable spreadsheet of all ledger entries so you have a copy of the years activity on your computer. You can download your activity at any time but it is automatically done when you close a year. You will not be able to enter activity with a closed year date.
This system is created by Jason Padgett of St. Francis, KS. Jason has produced many web-pages used extensively in the area. To ease the financial burden the current times have created he is offering this extensive package for donation. You can pay as much as you can and as much as you appreciate the time and effort creating it. If you are interested please send an email to: admin@simplefinancialsandinventory.com.
Visit the site at:
https://simplefinancialsandinventory.com
