Here, at last, is software that understands what accounting really needs to tackle today. Efact-Accounting is the finest software available today for businesses of all varieties. It offers the best in technology, design, architecture, features and functionality.Accounting sets new standards in financial accounting as it helps you go beyond vanilla accounting and do much more.

Features:

• Comprehensive: financial accounting, inventory, sales, purchases, accounts receivable and payable, budgeting, production, all taxes etc.
• Go beyond accounting - integrated payroll, fixed assets and other functions.

Financial Accounting:

Complete financial accounting including General Ledger, Profit & Loss, Balance Sheet, Cash & Funds Flow, Bank Reconciliation, PDCs etc - is now possible with Accounting.

Receivables&Payables:

Accounting also facilitates comprehensive debtors & creditors management, bill-wise accounting, overdue bills, user-defined ageing, reminder letters etc.

Budgeting:

allows you to create and manage any number of budgets, for any account or group of accounts, for any period. You can also get a variance analysis.

Taxes:

Central GST,State GST,Integrated GST,Cess, Inclusive & Exclusive Taxes, Automatic & Manual tax entries, Tax Registers etc. are all supported in Fact-Accounting. Reports can be generated for each tax for statutory returns and GST returns.-Accounting can be used worldwide.

Analysis and Reports:

Accounting has many useful reports that provide deep insight about your retail functions. Reports are fast, and can be exported to MS Excel, as PDF files and can be e-mailed. The reports have extensive drill down capabilities and can be manipulated to suit your requirements. Reports can also be viewed as graphs.

Accounts Receivable:

• Create Invoices and Statements
• Automatic invoice numbering.
• enter payments and apply credits.
• calculate late fees.
• Recurring AR charge feature.
• Unlimited customers.
• Multiple "ship-to" address capability.
• Set Customer credit limit and warn when exceeded
• unlimited sales items.
• Ability to customize taxation of Customers and/or Sales Items.
• Unlimited Sales Tax Codes/Rates
• Service or Sales Item style invoice format available.
• Report Sales by Salesperson.
• Credit Balance Report.
• Aged Receivables and many other reports available
• Option to post deposits and payments separately or as a lump sum available.
• Purgue invoices.
• Post AR to GL on a “Cash” or “Accrual” basis at any time.
• Business Consolidation Function.

Accounts Payable:

• Unlimited vendors.
• Add vendors on-the-fly.
• Use Vendor “Terms” to automatically calculate “Due Date”.
• Automatically Caliculate discounts.
• Automatically create recurring AP entries.
• Make partial payments.
• Check Register, Aging, Projection, GL Posting and History Reports Available
• Purge payable entries.
• Post AP to GL on a “Cash” or “Accrual” basis at any.