Accounting software is computer software that records and processes accounting transactions within functional modules such as accounts payable, accounts receivable, payroll and trial balance. It functions as an accounting information system. It may be developed in-house by the company or organization using it, may be purchased from a third party, or may be a combination of a third-party application software package with local modifications. It varies greatly in its complexity and cost.
Accounting software is typically composed of various modules, different sections dealing with particular areas of accounting. Among the most common are:
Core Modules
Accounts receivable-where the company enters money received Accounts payable-where the company enters its bills and pays money it owes General ledger-the company's "books" Billing-where the company produces invoices to clients/customers Stock/Inventory-where the company keeps control of its inventory Purchase Orders-where the company orders inventory Sales Orders-where the company records customer order for the supply of inventory
Non Core Modules
Debt Collection-where the company tracks attempts to collect overdue bills (sometimes part of accounts receivable) Expense-where employee business-related expenses are entered Inquiries-where the company looks up information on screen without any edits or additions Payroll-where the company tracks salary, wages, and related taxes Reports-where the company prints out data Timesheet-where professionals (such as attorneys and consultants) record time worked so that it can be billed to clients.
YAM Features -
- Easy Voucher entry panel which supports all possible
voucher entry.
- Voucher posting according to accounting rules.
- Easy Bank account handler
- Auto treatment/ maintenance of all A/C ledgers.
- Linear Trial Balance and drill-down upto leadger.
- Possible all printing at every section.
- Advanced Reporting agent which provides --
Any voucher print at any time
Daily/ date-range transaction at any time
Enhanced monthly balance reports
Cash-Book, Cash-flow printing (suports individual month)
Bank-A/C / other ledger balance at any time (suports individual month)
Trial Balance / ChartofA/C printing.
YAM also provides graphical reports --
Monthwise A/C balance view
Datewise monthly A/C Balance view
Monthwise receive & Payment comparison graph
All A/C balance comparison for individual month
Very easy accounting year-ending and preparing new year.
Asset management, Income statement, Equity calculation and
balance sheet preparation (Not included at general version).
