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Financial Accounts

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SAITEC accounting system is a collection of processes, procedures and controls designed to collect, record, classify and summarize financial data for interpretation and management decision-making.
Saitec financial accounting software involves making use of computers and accounting software to
record, store and analyze financial data. It brings with it many advantages that are unavailable to analog accounting systems.
It is common knowledge that spreadsheets do not provide a scalable solution for accounting purposes and therefore are a dangerous solution to invest in. This is where Saitec steps in with its advances financial accounting software’s

Advantages of SAITEC financial accounting software

 Automation: Since all the calculations are handled by the software, computerized accounting eliminates many of the mundane and time-consuming processes associated with manual accounting. For example, once issued, invoices are processed automatically making accounting less time-consuming

Accuracy: This accounting system is designed to be accurate to the minutest detail. Once the data is entered into the system, all the calculations, including additions and subtractions, are done automatically by software.

Data Access: Using accounting software it becomes much easier for different individuals to access accounting data outside of the office, securely. This is particularly true if an online accounting solution is being used.

Reliability: Because the calculations are so accurate, the financial statements prepared by computers are highly reliable.

Scalable: When your company grows, the amount of accounting necessary not only increases but becomes more complex. With computerized accounting, everything is kept straightforward because sifting through data using software is easier than sifting through a bunch of papers.

Speed: Using accounting software, the entire process of preparing accounts becomes faster. Furthermore, statements and reports can be generated instantly at the click of a button. Managers do not have to wait for hours, even days, to lay their hands on an important report.

Security: The latest data can be saved and stored in offsite locations so it is safe from natural and man-made disasters like earthquakes, fires, floods, arson and terrorist attacks. In case of a disasters, the system can be quickly restored on other computers

Cost-effective: Since using computerized accounting is more efficient than paper-based accounting, than naturally, work will be done faster and time will be saved.

Visuals: Viewing your accounts using a computer allows you to take advantage of the option to view your data in different formats. You can view data in tables and using different types of charts.

Reports Available with Saitec financial accounting software

  • Account list
  • Checklist for data entered in the sequence of entry, date of entry or in the voucher format.
  • Daybooks
  • Ledger of accounts
  • Trial Balance
  • Balance Sheet
  • Profit and loss statement
  • Bills Passed / Pending
  • Accounts receivable and payable (ageing analysis)
  • Expense tracking
  • Bills pending / paid
  • Cash flow
  • Bank reconciliation statement
  • Corporate reports (for multiple company option)
  • Trial balance
  • Account ledger
  • Account balances
  • Account receivable and payable (ageing analysis)
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