Accounting simplified Module

Introduction

Accounting is a process of recording and summarizing financial information in an organized manner. Tactic provides an opportunity of implementing financial data in the software with effectiveness for ensuring an enhanced business management.The accounting module helps in gaining simplified accounting reports. However, for making a double entry accounting, or for editing a ledger the users need to use double entry accounting module.

Installation

There is no need of installing this module, as it is already included within Tactic services.

Setup

For using this module the users need to enable it by using an administrator account. The menu options for activating this module are: Home –> Setup – > Module. The users then need to click on Activate. The modules will be activated after completing this step. The settings icon will be visible at the end of the module box, the users can click in that to access further setup for this module to access the functionalities in a better way.

Use

This module can be helpful in marinating simplified accounting reports as it contains a ledger. This helps the users in adding transactions manually. However, this module is not recommended to be used for most of the organisational transaction. Different transactions that an organisation can process, such as selling and purchasing, can be easily committed with the help of this module. However, the users need to assign the ledger with valid accounts. There is a balance sheet containing the overall income and expenses of an organisation.