Accounting is the bookkeeping method involved in making a financial record of business transactions and preparing statements concerning the assets, liabilities, equity, income, cost of sales, expenses and operating results of a business. The system that maintains these financial records in double entry methods is known as Accounting System.
The Freight Management System will consider the contains of the Invoice, Bill of Lading, Current Exchange Rate and Custom Recommendations to calculate the tax of the Consignment. The system will refer the Recommended code and procedures to print the Goods Declaration Forms (CUSDEC I & II ).
An inventory control system is a system the encompasses all aspects of managing a company's inventories, purchasing, sales, receiving, dispatching, warehousing and storage, turnover, and reordering. Computerized inventory control systems make it possible to integrate the various functional subsystems that are a part of the inventory management into a single cohesive system.
The Salse & Inventroy Control System will mainly manage the inventory of sales stock, Sales, Purchase, sales returns, purchas returns, customers, suppliers, outstanding and stock transfers.
Payroll Management System is the system by which an employer can manage the salaries of the employees. It includes salary, allowances, deductions, overtime, nopay and net payable to the employees. It also deals with the generation of payslips, paysheet, department reports and many more reports.
The first and most important goal of any payroll system is efficiency. Efficient payroll systems save time and money by ensuring that paychecks go out on time in the correct amounts each pay period. Once the system is set up, many parts can be automated, to reduce errors and delays. It can link with finger print machine and can records attendance more accurately and manage the employers easily.