Comprehensive Accounting Management:
Ledger Management: Allow users to create, maintain, and manage ledgers for various accounts. This includes functionalities for adding new accounts, editing existing ones, and categorizing transactions accurately.
Financial Reporting: Provide robust reporting capabilities such as balance sheets, profit and loss statements, cash flow statements, and customizable financial reports. These reports should offer insights into the financial health of the organization, allowing users to analyze income, expenses, and overall financial performance.
Statement of Account: Offer a feature to generate detailed statements of account for customers and suppliers. Users should be able to view transaction histories, outstanding balances, payment history, and any relevant notes or communications related to each account.