Accounting

Accounting made easy!

Accountants collect, record and process financial and economic data for an enterprise using a set of rules and methods. These data are then summarized into a set of reports to aid decision making. Traditionally reporting is done as a period end exercise. But for today's' enterprise where critical decisions are made on the spore of the moment, the period-end wait is no longer practicable. Business managers need accounting information on the go. Our primary goal at the heart of BIZANY's design is to liberate the enterprise from traditional boundaries. With BIZANY business managers can access critical financial data on the go real time!

At the heart of every accounting system is the chart of accounts. They are the building blocks upon which financial and economic data is collected. Most accounting systems are designed around the chart of accounts. In designing BIZANY we took a slightly different but more fundamental approach with significant benefits.

At the heart of the chart of accounts is the balance sheet. We realized early that the balance sheet gives meaning to the chart of accounts. A poorly designed chart of accounts creates enormous problems and complexities in reporting. So rather than base the accounting system on the chart of accounts, we have built BIZANY's Accounting around the balance sheet. To do otherwise is putting the cart before the horse! By so doing we are able to help the enterprise exercise much greater control over the chart of accounts. Its creation, usage, types of data collected therein and the interpretation of the data. Not only does this simplify the reporting process, it also offers greater flexibility. It also helped us to automate the data collection process. Its a win-win situation for the business enterprise! BIZANY is refreshingly different!

Accounting data is created when business interactions takes place. With BIZANY the initiation and conduction of all business interactions is done online! All business documents is brought online! As a result the capture and recording of accounting information is automatic and real time. Invoices, receipts, payment vouchers, payroll, loans, advances, cash disbursements, notes payable/receivable, bank charges, purchases etc. We can confidently say that over 95% of accounting data is captured real time. With BIZANY you can eliminate the back office!

Accounting Modules includes

• General Ledger,

• Accounts Payable,

• Accounts Receivable,

• Treasury Management,

• Prepayments,

• Fixed Assets, Asset Disposal, Asset Verification.

All accounting services are brought under Service Management. With service management integration you will never miss another prepayment (rents, insurance cover, license fees etc). Service management manages the life cycle of your prepayments and notifies you in advance whenever payments are due.

KEY ACCOUNTING FEATURES

• Project Accounting (Internal & External)

• Capital Expenditure life cycle managements

• Account creation on demand

• Transaction analysis by journal types & sub-ledger types

• All transactions traceable to source documents, approvals and initiators.

• Account & G/L Item Inquiry

• Automatic A/R and A/P account matching

• Budgeting (upload from secondary sources available)

• Consolidation

• Multi-currency support

• Support for Average/FIFO/LIFO inventory costing methods

• Supports Straight Line/Reducing Balance depreciation methods

• Support for the 4 standard financial statements (Income, Balance Sheet, Retained Earnings, Changes in Financial Position

• Financial analysis

• Reports everywhere in PDF and CSV formats

Treasury Management Features

With BIZANY you can

• pull your bank statements online without any user intervention.

• get current exchange rates delivered real time to you whenever you need it.

• conduct business in any currency of your choice.

• manages the life cycle of your Capital Leases.

• manages the life cycle of your Notes Payable/Receivable

• manages the life cycle of your Bonds Receivable/Payable

• keep track of your short terms investments.

• integrated the cash book. in your operations

• automated bank reconciliation.

• receive cash payments including POS terminals, manages your cash operations and limit your exposure.

Contact Us Today!