Name: NCLTEC Accounting
Price: 12.54 USD
Author: NCL Energy Technology

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NCLTEC Accounting is an online accounting software developed by NCL Energy Technology Sdn Bhd. It is designed to cater to the accounting needs of small and medium-sized enterprises (SMEs) in various industries such as retail, services, freelancing, restaurants, cafes, and e-commerce. According to the vendor, NCLTEC Accounting offers a cloud-based solution that allows users to access the application anytime and anywhere, facilitating real-time data synchronization and collaboration among team members.

## Key Features

**Cloud-based Solution**: According to the vendor, NCLTEC Accounting operates on a cloud-based platform, providing users with the flexibility to access the software with an internet connection. This enables real-time data synchronization and collaboration among team members.

**Invoicing and Billing**: Users can create and send professional invoices to clients and customize invoice templates with company branding and logo. The software allows for tracking and managing payments and outstanding invoices, as well as generating billing statements and reports.

**Expense Tracking**: NCLTEC Accounting enables users to track and categorize expenses for accurate financial records. It also provides the functionality to capture and store receipts electronically, set up recurring expenses for regular payments, and generate expense reports for analysis and tax purposes.

**Bank Reconciliation**: The software allows for the automatic import of bank transactions, streamlining the reconciliation process. Users can match and categorize transactions to ensure accuracy, identify discrepancies, and resolve them promptly.

**Financial Reporting**: According to the vendor, NCLTEC Accounting offers the generation of various financial reports, including profit and loss statements, balance sheets, and cash flow statements. Users can analyze business performance and make informed decisions based on these reports. The software also allows for customization of reports based on specific date ranges and criteria, and the export of reports in different formats, such as PDF or Excel.

**Inventory Management**: NCLTEC Accounting provides real-time tracking and management of inventory levels. Users can set reorder points and receive notifications for low stock. The software also allows for monitoring sales and stock movement to optimize inventory control, as well as generating inventory reports for trend analysis and purchasing decisions.

**Payroll Management**: Users can calculate and process employee salaries, deductions, and taxes using NCLTEC Accounting. The software offers the generation of payslips and reports for employees, ensuring compliance with tax regulations and statutory requirements. It also integrates with attendance and time-tracking systems to facilitate accurate payroll calculations.

**Multi-Currency Support**: According to the vendor, NCLTEC Accounting enables users to conduct business transactions in different currencies. The software automatically converts currencies based on real-time exchange rates. It also provides the functionality to generate reports and financial statements in multiple currencies and manage foreign currency bank accounts and transactions.

**Integration with Third-Party Applications**: NCLTEC Accounting seamlessly integrates with other business applications, such as CRM or e-commerce platforms. This allows for the sharing of data between systems, streamlining workflows, automating data transfer, and eliminating manual data entry. According to the vendor, this integration enhances overall business efficiency and productivity.

Basic

Forever Free

Solo

InvoiceBerry

Single User - Unlimited Everything

Harpoon

NCLTEC Accounting

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.

NCL Energy Technology

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.

NCLTEC Accounting

Overview

What is NCLTEC Accounting?