Pre-accounting program is a software used to record and manage the accounting transactions of businesses. These programs facilitate important accounting operations such as invoice tracking, current account tracking, income-expense tracking, and stock tracking. They help businesses record and report their financial data regularly.
Pre-accounting programs generally have the following features:
Invoice tracking: Recording and tracking incoming and outgoing invoices.
Current account tracking: Management of customer and supplier accounts.
Income-expense tracking: Recording and tracking the income and expenses of the business.
Stock tracking: Tracking the stock status of products.
Bank and cash register tracking: Tracking bank accounts and the amount of cash in the cash register.
Reporting: Creating and analyzing financial reports.
Pre-accounting programs make the accounting processes of businesses more efficient, reduce errors and save time. They also assist in preparing tax returns and other legal reports.