Accounting Solutions

Accounting Solutions by SMB Solutions is a software solution aimed at small and medium-sized businesses. According to the vendor, this product offers a range of features and functionalities that cater to entrepreneurs, business owners, accountants, financial managers, and professionals in the retail industry. With its user-friendly interface and customizable options, Accounting Solutions aims to assist businesses in managing financial operations and ensuring accurate and efficient accounting practices.

Key Features

Chart of Accounts: According to the vendor, users can configure and structure accounting ledgers with a customizable tree view, allowing for the creation of groups, sub-groups, and ledgers.

On the fly customizations: The vendor claims that users can easily add custom fields in forms, customize form behavior without coding, and create custom print formats. They state that this feature allows for auto-fetching values, hiding fields based on user roles, and enhancing form flexibility.

Advanced: According to the vendor, this product offers advanced functionalities such as Multi Currency Accounting, Deferred Revenue, Bank Guarantee, Loyalty Program, Budgeting, Auto Repeat, Subscription, and Invoice Discounting.

Multi Currency Accounting: The vendor states that users can conduct business globally by sending invoices and adding expenses in any currency. They claim that the system automatically converts transactions to the base currency, and financial transactions and reports can be viewed in multiple currencies.

Auto Invoicing: According to the vendor, this feature streamlines invoice generation for products or services that require renewals. They claim that users can use subscriptions to automatically generate invoices for subscription orders.

Banking: The vendor claims that users can create unlimited bank and cash accounts, track opening and current balances, and synchronize financials with one-click bank statement upload for seamless reconciliation.

Bookkeeping: According to the vendor, this product helps businesses efficiently manage day-to-day financial operations, including data entry, bank reconciliations, accounts payable and receivable, ledger maintenance, financial statements preparation, and monthly management reporting.

Accounting Advisory: The vendor states that users can benefit from expert financial guidance with budget planning, product pricing analysis, costs and margin analysis, cash flow and financial projections, financial oversight, financial performance reviews, and inventory management/counts.

Setup and Opening: The vendor claims that users can get started quickly with the initial setup and configuration of accounting operations, including the input of opening balances for accounts.

Journals and Payments: According to the vendor, users can easily record accounting entries such as payments and credits, and manage journal entries for various transactions.