Talk:Accounting simplified Module

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Revision as of 12:57, 20 December 2021 by Admin (talk | contribs)

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. 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