Journal Entries

A journal entry, in accounting, is the logging of transactions into accounting journal items. The journal entry consists of several items, each of which is either a debit or a credit. The total of debits must equal the total of credits or the journal entry is said to be "unbalanced".

This function allows the users to post journal entries for ledger accounts and users can also query journal entries against different criteria.

Debit/Credit Notes

This function enables the user to issue a Debit/or Credit Note.
Users can also query on Debit/or Credit Notes against different criteria

Receivables

Receivables may refer to the amount due from individuals and companies. Receivables are claims that are expected to be collected in cash.
This function enables the users accepting receipts for outstanding sales transactions and for other reasons such as miscellaneous receipts.

Banking

Banking is the company's financial dealings with an institution that provides business, checking accounts specifically for companies and not for individuals.
Business banking is also known as commercial banking and occurs when a bank deals with businesses.

This Function is used to Deposit the receipts for banking.

Bank Reconciliation

A Bank reconciliation is a process that explains the difference between the bank balance shown in an organization's bank statement, as supplied by the bank, and the corresponding amount shown in the organization's own accounting records at a particular point in time.

Payables

Accounts payable is money owed by a business to its suppliers and shown on its Balance Sheet as a liability. An accounts payable is recorded in the Account Payable sub-ledger at the time an invoice is vouchered for payment. Vouchered, or vouched, means that an invoice is approved for payment and has been recorded in the General Ledger or AP subledger as an outstanding,or open, liability because it has not been paid

Set Of Transactions

Set Of Transactions is used when there is a need to allocate a transaction against another resulting in the clearance of the financial transaction.

Finance Budgets

Finance Budget is a function that is applicable in the form where Finance plans on financial spending for a financial period .

Chart Of Accounts

The Chart of Accounts (COA) is a created list of the accounts used by a business entity to define each class of items for which money or the equivalent is spent or received. It is used to organize the finances of the entity and to segregate expenditures, revenue, assets and liabilities in order to give interested parties a better understanding of the financial health of the entity.

In Bizzxe the Chart of Accounts is used to create General Ledger Accounts under the provided Accounts Categories.