FAQ Category: Accounting ERP

How to enable cheque, debit note and credit note Approval?

Cheque parking, i.e. cheques reflect in ledger only post-approval, is an important feature in billing applications. To enable cheque parking in the System, steps are: Login using User Role with permissions of Payment Setting. Go to Setting -> Site Setting. Then Payment Tab Select the options as per your requirement. As shown below  

Read more

How to get ledger of the Account ?

What is General Ledger? General Ledger in simple language is the grouping of transactions of similar nature.  An organization has multiple transactions in a day. Every transaction leads to two entries as per the double-entry system of bookkeeping. These entries are then posted in respective accounts called ledgers. To get a general ledger of an

Read more

What are different financial statements in Accounting Software?

What Are Financial Statements? Financial statements are written records that convey the business activities and the financial performance of an entity. Financial statements are often audited by government agencies, accountants, firms, etc. to ensure accuracy and for tax, financing, or investing purposes. Financial statements include: Balance sheet Income statement Cash flow statement. What are the

Read more

How to get balance sheet from Factech Accounting Software?

What Is a Balance Sheet? A balance sheet is a financial statement that reports an entity’s assets, liabilities, and shareholders’ equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what an entity owns

Read more

How to get income expense statement in Accounting Sofware?

What is an Income Statement? An income statement is one of the three important financial statements used for reporting a company’s financial performance over a specific accounting period, with the other two key statements being the balance sheet and the statement of cash flows. Also known as the profit and loss statement or the statement of revenue and expense, the income statement

Read more

Hello ! If You Are Ready To Take Your Facility Management To Next Level...

Simplify Your Maintenance & Operation

We understand that managing your facilities can be challenging, but now we have the complete range of solutions for you...

implify Your Maintenance