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Tag: Afaky Integrated Accounting System
Like any other aspect of business, the sales process has changed dramatically over the years and the way customers buy has completely shifted. Customers no longer wait for salespeople to guide them through the buying process, and research indicates that about...
Inventory represents a large part of the company’s assets, as it represents a ratio of 30:40 % of the company’s total investments, and sometimes more, and because inventory also has a significant impact on 1- The turnover “sales volume” according to the company’s policy...
Electronic archiving is “the process of using modern information technologies, physical and logical, including computers and software, and communication technologies and their accessories, to carry out all the tasks that were performed by traditional archiving and more, in order to increase control over documents...
• Inventory inventory model and types of warehouse inventory: The inventory inventory model was prepared by a group of designers who are fully experienced in design and inventory. The inventory is done in two ways (periodic inventory, continuous inventory) • Inventory benefit...
There are five main objectives of accounting: 1. Determining the result of the business of the economic unit of profit or loss for a certain period of time. 2. Determining the financial position in this period. 3. Providing the data and information necessary for planning and drawing policies for the coming period or periods. 4. Providing data. ..
Control is a principle that all institutions are keen to achieve in order to achieve the best rates of growth and profit. Control is of two types: Preventive control: It is the prior review, that is, that precedes the implementation of the financial transaction. As for the revealing review: it is the post review, that is, after the implementation of the financial operations. The difference between them is that...
There are a lot of accounting principles that any institution relies on to record financial statements, and Afaky's integrated accounting system ERP is characterized by compatibility with multiple accounting systems, support for commercial, industrial and service activities, and full compliance with tax standards in accordance with Egyptian law and the integration system...
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...
The opening balance for the current fiscal year represents the closing balance for the previous fiscal year. The opening balance includes the balance sheet accounts (permanent accounts) without the income statement accounts (temporary accounts) that are closed annually in the profit and loss account and this account appears in...