Tuesday, 27 May 2008

Free Accounting Software

Free Accounting Software is a free online accounting tool for small businesses to manage their accounts.

Accounts, in their simplest form, are a series of transactions made up of equal and opposite debits and credits which balance.

For example the accounting for a transaction such as a cash sale of £100 would be:

Debit Cash £100
Credit Sales £100

Our internet based accounting software package keeps things simple and builds up the debit and credit transactions to form the trial balance, profit and loss statement and balance sheet.

The real advantage of web based accounting software is the ability to log in from anywhere with an internet connection.

Labels: