Checklist of What Accoounting Systsmes Provide You



  • It will show what income is coming into the business

  • It will show what money is being paid out of the business

  • It will show how much cash is sitting in your bank account

  • It will show how much money is due into the business from debtors (those that you have made sales to on credit)

  • It will show how much money is due to creditors (those from whom you have purchased goods on credit)

  • It will show the amount of stock and its value sitting in your shelves, factory or stores

  • It will show the amount of money that is paid for wages and salaries of staff

  • It will show the assets that the business owns at any particular time

  • It will show the liabilities or debts that the business owes at any particular time

  • It will show which products are selling the best and which are slow moving

  • It will show what profit or loss the business is making at any time

  • It will also enable a valuation of the business to be carried out based on the results in the system


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