Introduction of End to End Financial Solution in Cloud (EEFS)

As we know In current information age and business scenario, all the organizations, of all sizes and in all sectors require fast and effective Financial Information.

Financial accounting is a specialized branch of accounting that keeps track of a company's financial transactions. Using standardized guidelines, the transactions ( Cash Receipt, Cash Payment, Bank Receipt, Bank Payment, Journal, Customer Invoice and Vendor Invoice) are recorded, summarized, and presented in a financial reports or financial statements.

The "End to End Financial Solution" Software is capable of managing all the above financial transactions for multi locations and provide Cash book/books, Bank book/books, GL (General Ledger), Sub Ledgers, Trial Balance, Sub Ledger Balance, Profit & Loss, Balance Sheet and MIS in the form of reports & Graphs in on-line real time mode.

Features: 1.Effective information and record management 2. Complete audit trail. 3. Location/Branch wise consolidated reports and MIS. 4. Organization Level wise consolidated information. 5. At all level of the organization budget vs actual control. 6. MIS on Smartphone. 7. Drilldown screens from MIS to operation level. 8. Inter Branch/Location Account and consolidation.

The following standards of accounting concepts are considered at the time of designing "End to End Financial Solution in Cloud (EEFS)"

Every company have to maintain accounting records. General ledger is a complete record of financial transactions over the life of a company. The ledger holds account information that is needed to prepare financial statements, and includes accounts for assets, liabilities, owners equity, revenues and expenses.

General ledger is typically used by businesses that employ the double-entry bookkeeping method, where each financial transaction is posted twice, as both a debit and a credit, and where each account has two columns. Because a debit in one account is offset by a credit in a different account, the sum of all debits will be equal to the sum of all credits.

A company's general ledger can either be a physical book into which credits and debits are posted, or an accounting computer program where the various credits and debits are entered.

For example: when a business pays the electric bill, the amount is entered in the general ledger as a debit to utilities expense, and a credit to cash.

Because every financial transaction affects both, a debit account and a credit account, the sum of the total general ledger debits and credits should always be equal. If this is not the case, then the general ledger is said to be out of balance, and must be corrected before accurate financial statements can be drawn from. EEFS takes care of the posting (Debit and Credit) with complete audit trail.

Our Customers Say

Efficient, cloud-based multi-location Software Solution that allows branch users to easily manage Finance and Accounts, Billing, Trial Balance, Profit and Loss, Balance Sheet, Account Receivables and Account Payables.
Branch consolidated MIS with On-Line Reports & Graphs and Queries drill down to the previous level.

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