This process includes a journal entry or logging every business transaction as it occurs. It records your expenses by tracking receipts, invoices and other outgoing expenses.ĭetailed reporting of your business’s finances, which includes your financial statements being provided to disclose the business’ financial data. This feature helps you stay up-to-date with your expenses. Using the cash flow forecast feature you can predict revenue and expenses associated with your business, as well as adjustments you plan to make to create the projection. The budgeting feature allows you to see the company’s expected revenue and costs, market trends, cash flow and more. Invoicing of clients and billing to suppliers. Software is able to match the cash balances on the balance sheet to the corresponding amount on your bank statement and resolve any discrepancies. The recording of money owed to a company by a customer who received products or services on credit. Record and keep track of what the company owes to its suppliers or vendors for products or services received on credit.
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