Name: Abhay Transactions
Rating: 5 (1 reviews)
Author: Abhay Transactions

Help Desk

Live Chat

Web and Video Conferencing

Customer Support

Text Editors

Development

Alumni Management

School Management

Education

Business Intelligence (BI)

Business Process Management (BPM)

Collaboration

Contract Management

Facility Management

Meeting Management

PDF Editors

Supply Chain Management

Workflow

Enterprise

Accounting

Cryptocurrency Wallets

Hedge Fund

Finance and Accounting

Applicant Tracking

Corporate Learning Management

HR Management

Pay Equity

Payroll

Talent Intelligence

Talent Management

Vendor Management Systems (VMS)

Workforce Analytics

Workforce Management

Human Resources

Application Lifecycle Management (ALM)

Cloud Storage

Complex Event Processing

Converged Infrastructure

Custom Software Development Services

Data Masking

Firewall

Fraud Detection

Infrastructure Capacity Planning

Integration Platform as a Service (iPaaS)

Network Performance Monitoring

Network Traffic Analysis (NTA)

NoSQL Databases

Storage Management

Time Series Databases

Unified Communications Monitoring

Wireless LAN

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Content Management

Contest Management

Creative Collaboration

Email Deliverability

Email Marketing

Marketing Automation

Product Information Management (PIM)

Product Intelligence

Social Media Management

Survey & Forms Building

Web Analytics

Marketing

Project Management

Professional Services

Customer Communication Management

Customer Relationship Management (CRM)

eCommerce Analytics

Sales

Data-Centric Audit Protection (DCAP)

Intrusion Detection

Operational Technology (OT) Security

Security

3D Modeling

Clinical Data Management

Computer-Aided Design (CAD)

Investment Portfolio Management

Municipal

Simulation

Travel Agency

Vertical-Specific

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Abhay Transactions is an accounting software and ERP solution designed for small to medium-sized businesses. According to the vendor, the software offers a user-friendly interface that is easy to navigate and understand. Users can input, edit, and manage their financial data without requiring technical expertise. The software aims to streamline accounting processes and enhance productivity.

## Key Features

**User-friendly Interface**: According to the vendor, Abhay Transactions provides a user-friendly interface that allows users to quickly access desired features and functionalities.

**Accounting and Bookkeeping**: The vendor claims that Abhay Transactions offers comprehensive accounting and bookkeeping functionalities. Users can record and track income, expenses, assets, liabilities, and equity. The software supports double-entry bookkeeping to ensure accurate financial records. Users can generate financial statements such as balance sheets, income statements, and cash flow statements.

**Inventory Management**: Abhay Transactions includes inventory management features to help businesses track and manage their inventory. Users can record and monitor stock levels, track sales, and generate reports on inventory movement. The software supports inventory valuation methods such as FIFO and LIFO to calculate the cost of goods sold accurately.

**Invoicing and Billing**: According to the vendor, Abhay Transactions enables users to create and send professional invoices to clients. Users can customize invoice templates, add company logos, and include payment terms. The software allows for easy invoice tracking, ensuring timely payments and reducing outstanding receivables. Users can generate billing reports, track outstanding invoices, and manage client payments.

**Financial Reporting and Analysis**: The vendor states that Abhay Transactions provides robust financial reporting and analysis capabilities. Users can generate various financial reports, including profit and loss statements, cash flow statements, and balance sheets. The software allows for customizable reports, enabling businesses to analyze financial data based on their specific requirements.

**Bank Reconciliation**: Abhay Transactions simplifies the bank reconciliation process, according to the vendor. Users can import bank statements and reconcile them with their accounting records. The software automatically matches transactions, identifies discrepancies, and helps users reconcile their accounts accurately.

**Payroll Management**: The vendor claims that Abhay Transactions offers payroll management features to help businesses manage employee salaries and benefits. Users can calculate employee salaries, deductions, and taxes accurately. The software supports various payroll frequencies and allows for customization based on local regulations. Users can generate payslips, manage leave records, and ensure compliance with payroll regulations.

**Expense Tracking**: Abhay Transactions allows users to track and manage business expenses effectively, according to the vendor. Users can record and categorize expenses, attach supporting documents, and track reimbursement claims. The software provides expense reports, allowing businesses to analyze spending patterns and control costs.

**Tax Management**: According to the vendor, Abhay Transactions helps businesses manage their tax obligations efficiently. The software supports tax calculations and allows users to generate tax reports. Users can track tax payments, manage tax liabilities, and generate tax filing documents. The software aims to help businesses stay compliant with tax regulations and simplify the tax filing process.


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Solo

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Single User - Unlimited Everything

Harpoon

Abhay Transactions

1 in 3 accounting software users find it difficult to choose the right tool. Find the best solution for you.

The Buyer’s Guide to Accounting Software

Software for tracking revenues and expenses and forecasting future revenue.

General Ledger and Configurable Accounting

Financial management solution, including capabilities for general ledger and configurable accounting

Accounts payable

This includes the automation and tracking of payment to vendors and suppliers, with features such as payment scheduling, check printing, open purchase order alerts, document management, direct ACH bill payment, and vendor records.

Accounts receivable

This includes the management and automation of invoices and collections, with features like statements, invoices, receipts, payment reminders, customer records, auto billing, and refund checks.

Cash management

The software provides a complete picture of a company’s cash flows, streamlines payment processing, and includes cash forecasting.

Bank reconciliation

The software connects to a company’s financial institutions in order to reconcile accounting records with checking, savings and credit card accounts. Often month and year closing capabilities are included.

Expense management

The software can log and track business expenses and reimbursements, including travel-related expenses, with the ability to tie them to particular projects.

Time tracking

The software can track billable and non-billable employee time by project.

Fixed asset management

This includes the ability to track fixed assets (e.g., laptops), including location, check-in and check-out, maintenance scheduling, audit history, specialized property tax period reports, cost and depreciation.

Multi-currency support

The software supports transactions across multiple currencies.

Multi-division support

The software is flexible and supports bookkeeping practices along multiple dimensions such as locations, branches or products.

Regulations compliance

The software helps users adhere to typical accounting standards and regulations such as IFRS, GASB, or GAAP.

Electronic tax filing

The software provides a full electronic interface for the filing of repeatable taxes, such as payroll or sales tax.

Self-service portal

The software provides online portals for certain stakeholders to find information relevant to them, such as employees, vendors and customers.

Global Financial Support

Account using multiple ledgers, multiple currencies, and multiple entities

Primary and Secondary Ledgers

Record and report across multiple currencies and accounting standards with primary and secondary ledgers

Intercompany Accounting

Automatically balance and reconcile GL for intercompany transactions

Localizations

Meet reporting requirements with country-specific localizations

Journals and Reconciliations

Automate and synchronize ledgers and processes

Enterprise Accounting

Create accounting for disconnected ERP and non-accounting source systems

Configurable Accounting

Configure accounting rules and segments for each chart of accounts

Centralized Rules Framework

Integrate disparate ERP and transactional systems into single ERP instance

Standardized Processes

Centralize financial management to facilitate standardized financial processes

Inventory Management

The ability to track and manage the flow of goods or materials into and out of an inventory.

Inventory tracking

The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.

Automatic reordering

The software can be set up to automatically reorder a good when it falls below a certain threshold.

Location management

The software can track multiple goods across multiple locations.

Manufacturing module

The software helps track and manage raw materials, work-in-progress items, and finished goods.

Order Management

The ability to process orders, and track them from quote to cash.

Pricing

Users can set up complex and unique pricing requirements.

Order entry

Users can enter an order once, and the data flows to all the necessary units such as fulfillment and billing.

Credit card processing

The software facilitates credit card processing.

Cost of goods sold

The software calculates the direct costs attributable to a finished product, such as materials and labor, and includes roll-up pricing.

Order Orchestration

Define and execute order fulfillment processes for products as well as services on the same order.

End-to-end order visibility

Get updates on orders, inventory, shipments, planned supply, and invoices, and improve the quality of decisions through in-context analytics

Order exception Resolution

Monitor fulfillment tasks and resolve issues, view and evaluate varios options via what-if analysis and define and enforce change order rules

Payroll Management

Provides for pay calculation and benefit plan administration, in addition to managing direct deposit, salary revisions and payroll tracking.

Pay calculation

Pay calculation provides for computation of employee pay with state and federal deductions.

Benefit plan administration

Benefit plan administration is administration of health insurance plans and 401k plans, and other benefits.

Direct deposit files

Direct deposit is the ability to electronically transfer pay to an employee’s personal bank account.

Salary revision and increment management

Salary revision is the ability to modify individual employee pay.

Reimbursement management

Reimbursement management provides cash reimbursement for employee expenses related to business travel or other.

Reporting & Analytics

Users can report on and analyze usage, performance, ROI, and/or other metrics of success.

Dashboards

Users can create, customize and share dashboards, which provide an overview of the most important metrics.

Standard reports

The software offers pre-built reports with metrics standard to the category.

Abhay Transactions

Overview

What is Abhay Transactions?