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Tag: Reservations Programs
Definition of the debt reconstruction report The debt reconstruction report is a report that is prepared periodically to monitor the account of customers or suppliers. It shows the accounts receivable balances of customers or suppliers with the classification of these receivables according to the accounting period to which they belong. A reconstruction report can be made...
I mean, what cost centers? Do they differ from one company to another or from one activity to another? Is there an ideal way to code and create a cost center directory for any company? And are these methods different if you use the integrated accounting program Afaky ERP in your company? Through the article...
It is a group of main and sub-accounts in the general ledger and trial balance, which are used to record all financial transactions within the company. Levels of classification of accounts in the accounts tree in the integrated accounting ERP system Afaky...
What is meant by the accounting system: It is a plan that represents a set of procedures and steps for the applied side of accounting, which helps to complete the main functions of accounting in the inventory, recording, classification and summarization of the results of financial operations in the form of financial statements in a way that ensures the achievement of the goals that seek...
What is meant by notes receivable and payable? It is a set of means that have some actual conditions that give them the commercial character and the power of exchange so that their financial value can be obtained in cash by deducting it from the bank, where it can be done through the Afakys Accounting System...
First, the average cost method. This method is based in Afaky accounting program on one price for the stock. This price changes when any new quantities are received in the stores, where the average cost that expresses the price of materials is extracted and this average is calculated by the following equation...
The difference between periodic inventory and perpetual inventory? Periodic inventory The purchases account is used in the accounts and the use of the merchandise account at the beginning of the period and the end of the period Accounting entries in Afaky accounting program in the case of purchase: From h / purchases to h /...