System can generate auto invoice as well as manual.

The Chart of Accounts is the blueprint of the accounts in your organization.

The overall structure of your Chart of Accounts is based on a system of double entry accounting that has become a standard all over the world to quantify how a company is doing financially.

Chart of Accounts is a tree view of the names of the Accounts (Ledgers and Groups) that a Company requires to manage its books of accounts. System sets up a simple chart of accounts for each Company you create, but you can modify it according to your needs and legal requirements.

For each company, Chart of Accounts signifies the way to classify the accounting entries, mostly based on statutory (tax, compliance to government regulations) requirements.

Dimensional accounting means tagging each transaction with appropriate dimensions like Branch, Business Unit, etc. This allows you to maintain each segment separately, thereby limiting the overall maintenance on GL accounts and your Chart of Accounts remains pure.

Cost Center and Project are treated as dimensions by default in The system. On setting a field in Accounting Dimension, that field will be added in transactions reports where applicable.

In The system you can create configurable accounting dimensions and use them in transactions and reports.

A Cost Center is a part of an organization where costs or income can be charged.

In the system you can use the Cost Center as a Profit Center.

Budgeting is a financial plan that helps controlling Company expenses.

In the system, you can set and manage budgets against a Cost Center or a Project. This is useful in controlling your expenses. With version 12, you can also create separate Accounting Dimensions to tag transactions with different fields.

All taxes can be managed and system can generate auto reports.

Bank reconciliation through the system.