Business Application

Accounting Platforms

Supporting your accounting platforms whilst providing integration support to build key features into your business systems

Accounting Platforms

Your business wouldn’t run without a proper accounting platform. As a vital part of your operations, you need your accounting software to function adequately. Bugs or tech issues result in downtimes that can throw your accounts receivable, accounts payable, and payroll into disarray. By calling on Codex consultancy services for accounting platforms, you can keep these problems at bay.

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Essential Features Of An Accounting Software

Many accounting platforms are on the market today, and choosing the right one for your business is of the utmost importance. When looking for accounting software, keep these four main aspects in mind.

When it comes to keeping track of what customers owe, some important features your accounting platform should have is invoice processing, automatic invoicing, and payment processing. Creating, tracking, sending, and printing invoices is the most basic function of any accounting software, and automatic invoicing and online payment processing make invoicing even easier.

Your accounting platform should be able to handle purchase orders, vendor credit memos, automatic payment, and tax forms. With these features, you can keep your payments organised and stay compliant with appropriate tax laws.

The best payroll features are variable wage schedules, direct deposit, automatic tax calculations, and expense reimbursements and deductions. Some accounting software has sophisticated payroll systems, with calculating hours and processing wages completely automated.

At the minimum, your accounting software should link to your company bank account so you can see cash going in and coming out in real-time. Other features to look for are account reconciliation, bank deposit prep, and cheque handling.

Not all accounting platforms offer reporting features, but those that do will give you valuable insights into your bookkeeping. The most basic will offer income statements to show profit and loss, balance sheets to show assets and liabilities, cash flow statements, and summaries of accounts receivable, accounts payable, and payroll.

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Codex system is established with the motive of providing all range of services related with the computers. We are specialized in diagnosing  computers and repairing. We even deal with spare parts.