Name: Plus Accounting
Author: Aakash Infoway

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Plus Accounting Software, developed by Aakash Infoway Pvt.Ltd., is an accounting software designed for general purpose use. According to the vendor, it caters to a wide range of businesses, including accountants, traders, dealers, distributors, industries, mobile shops, and other small and medium-sized enterprises (SMEs). Plus Accounting Software offers features and functionalities that aim to provide efficient and reliable accounting management.

**Key Features**

**Easy & Advanced Accounting**: According to the vendor, Plus Accounting Software offers an intuitive and advanced accounting solution, aiming to help users efficiently manage their financial transactions and records.

**Secure Data Backup**: The vendor claims that the software includes an audit trail feature, allowing users to securely backup their data on their own Google Drive account, ensuring the safety and accessibility of their information.

**Integrated Communication**: Plus Accounting Software offers unique features like Whatsapp and Telegram sharing, which the vendor says enable seamless communication and collaboration with clients and team members, potentially enhancing productivity and efficiency.

**Comprehensive Reporting**: According to the vendor, the software includes a Cloud Reporting Portal and Android App, providing real-time reporting capabilities on web portals and mobile devices, aiming to facilitate quick and informed decision-making.

**Streamlined Order Processing**: Plus Accounting Software aims to facilitate order processing and generate detailed reports, which the vendor claims can help businesses effectively manage their sales and track customer orders.

**Efficient Quotation Management**: The vendor states that users can easily enter and print quotations using the software, aiming to streamline the quotation process and enable effective communication with potential customers.

**Flexible Price List Management**: According to the vendor, Plus Accounting Software offers multiple level price list management, allowing businesses to customize pricing strategies based on customer segments and product categories.

**Promotional Scheme Management**: The vendor claims that the software includes a promotional scheme management feature, aiming to help businesses create and manage promotional offers, potentially optimizing sales and customer engagement.

**Inventory and Stock Management**: Plus Accounting Software aims to enable seamless credit/debit note creation with stock management, production entry with auto-production option, stock journal entry, and dual stock units for efficient inventory tracking, according to the vendor.

**Enhanced Stock Tracking**: The vendor states that the software provides location/batch/serial number-wise stock tracking, as well as management of empty cylinders/crates and serial number history tracking, aiming to ensure accurate inventory control and tracking.

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Plus 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

Accounting software automates and streamlines financial management, from core functions like accounts payable and receivable to complex tasks like ledger management and reporting. They are aimed at enhancing accuracy, providing real-time financial insights, and ensuring compliance. Advanced systems integrate with other business tools, supporting everything from expense tracking to payroll. Explore user reviews and comparisons to find the best accounting software for your business.

Aakash Infoway

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.

Plus Accounting

Overview

What is Plus Accounting?