In any business, Gross income is the main statement for taxation but to know net income, you need to reduce expenses from it, with a perfect expense entry software you can reach net income easily. There are many software in Dubai markets and you can use them for journal entry of expenses. here we will […]READ ARTICLE
If you are owner of a shop, so that, you asked many times what is the best invoice software for my shop?. The term "Best" could point to many parameter. and also it varies from user to user.
Maybe one user of an accounting software doesn't like other accounting software but second user loves it deeply. so, you should try a trial version of any software that you have plan to buy it.
generally, We can list some of feature that could shows you a better accounting software
Feature of the best invoice software
- Easy installation without need to special hardware
- Easy run without any special software as Pre-installed
- User-friendly environment to help you run it easy
- Using it without any need to special knowledge of accounting
- Easy move accounting data to another computer (Backup and Recover)
- Weekly update to keep you updated
- Automatic double entry to save your time of entry
- Automatic inventory control to protect you from out-of-stock !
One of The best invoice software
Peachtree accounting has been used in the most countries as the best invoice software
Download Invoice Software
To download iGreen accounting software for invoice entry, please click on below link:
It will be nice that we have a free accounting software for using it in small business. but as you know, most of free software have a problem like hidden ads or vir us . however, we at Iticale have designed a real free accounting software, iGreen. You can use it in your personal accounting […]READ ARTICLE
Bookkeeping includes keep your books of accounts updated. it could be updated daily, weekly or monthly. but the most accounts department need their books be keep updated daily. iGreen accounting with forms as cash receipt, cash payment, Expense entry, invoice, Purchase and journal entry could be used for your bookkeeping. Download Full version You need […]READ ARTICLE
An account software usually will be used for double journal entry but accounting software will be used for sales and stock management. In an account software, the first and the most important section is chart of accounts. advanced account software will let you to manage chart of accounts of your business very professionally but in […]READ ARTICLE
Small businesses are a large part of any city and a suitable accounting program is need for them. Sometime a free accounting software could be the best if it will be full version and with perfect support. iGreen accounting software could be used for small businesses like shops, web-stores, fast foods, groceries, and more..,. iGreen […]READ ARTICLE
iGreen accounting software could be run in all version of windows. Windows 7 is one the most used operating system in the rest of world. Also you can run iGreen accounting in windows 7. Download of this accounting program is free. Current version of iGreen is full version to allow you access all parts of […]READ ARTICLE
We are working hard to preparing version 18.104.22.168 of iGreen accounting as soon as possible. in this version we have added invoice form for the first time in iGreen accounting. we are thinking to design it as easy as you enter your invoice very fast and easy without need to know accounting techniques. What’s New […]READ ARTICLE
Free Accounting software for Bookkeeping
There many accounting programs for bookkeeping. the main benefit of a bookkeeping software is your freedom in double entry and adjust chart of accounts as you want. in a real bookkeeping software you can customize it as you want. If you are using a free bookkeeping software for small business, it should not has hidden charges or contains ads.
The term Bookkeeping means keep your books of accounts and vouchers clear and updated, so a software for bookkeeping will help you to do this duty perfectly.
List of Bookkeeping Software
Free Personal Accounting Software
Sometimes, transactions of personal finance is more than usual volume. Also it is important for anybody to manage his/her budget for a perfect life style and events.
A true personal accounting is need if you think to private investments in various fields and to know about your retirement condition.
At the first look, it seems single entry is very easy way to record your financial transactions but single entry has many disadvantage. double entry has strong structure and protect you from some basic mistakes in balance sheets so learning and practice double entry principle is recommended to have a perfect double entry accounting for your business.
what is Double Entry Accounting
To understand it, it's enough to pay attention to word "Double". so you will see two columns for each row of voucher. in single entry you need only record amount in on column as name: "Amount" but in double entry you have two columns as names: "Debit" and "Credit".
Double Entry System
Basically, this type of entry system has been invented by Luca Pacioli but it has been improved by accountants in pass of times. Nowadays we have a modern double entry systems in accounts departments with advanced accounting software so it could generate very useful reports and statements.
What is Double Entry Bookkeeping
When you listen about double entry, it seems that you should waste too much times everyday for recording financial transactions but with modern accounting software, actually you enter a single amount of any voucher and the accounting program will adjust double entry exactly in journal book. by Hand a double entry journal will takes a much time but with accounting software it is very fast and accurate. so why we should know about double entry if accounting software will it for us? It is a hot question !. usually operator and bookkeepers don't need it and it will do by software automatically but auditors need to know about double entry systems to help themselves to find mistakes in non-balanced sheets.
Double Entry Bookkeeping Examples
Here we show you some examples of double entry accounting from a mobile shop:
- Receive 2200$ from client: Jack Smith
- Pay 25$ for Telephone bill of office
- Buy some food for staffs as amount of 45$
- Purchase 11 New mobiles, each mobile 260$
- Sell one mobile of above models for 370$ for cash
- Sell 5 mobiles of above models for 310$ to Jack Smith
Note: We did these example by iGreen Accounting Software
Receive 2200$ from client: Jack Smith
Purchase 11 New mobiles, each mobile 260$
Pay 25$ for Telephone bill of office
Sell one mobile of above models for 370$ for cash
Buy some food for staffs as amount of 45$
Sell 5 mobiles of above models for 310$ to Jack Smith
When you pay any amount to your vendors or clients then this amount will be reduced from your cash account. cash flow of this type of transaction is important because you should control cash out from your business. However cash book entry of cash payment in bookkeeping is very important for auditing. here we will […]READ ARTICLE
Cash flow is the most important transaction in any accounting and has two sections of receipt and payment. However cash book entry in bookkeeping is very important for reports. here we will show you how to do it in iGreen accounting software. Cash Book Entry, Cash Receipt When you receive any amount of cash from your […]READ ARTICLE
Accounting is not only theory, it includes practice too, however you should doing real practice in some financial departments and learn from professional accountants how to enter and record invoices and payments in journal books to understand accounting deeply.
At the first of all, doing practice Double-Entry bookkeeping is the heart of accounting learning to be a talent accountant.
You can do it on paper or by computers but as you know nowadays, most companies use PC or Mac computers to doing their financial accounting so we recommend you to start this practice by accounting software.
There are many accounting software available on sites to download for this purpose but some of them have hidden charges or are limited to a maximum quantity of vouchers after this limitation you should pay to get full version.
Here, we suggest you iGreen accounting software for Double-Entry practice. This software are really free without any limitation or hidden charges .
Start of Practice Double-Entry Bookkeeping
1. Download iGreen accounting software by click here
2. Install it on your PC or laptop (note : this accounting software only will be installed on windows operating systems )
3. Create the first company in iGreen accounting ( help of how to create company in iGreen)
4. Please, in iGreen home screen click on chart of accounts to add your ledger accounts
( about types of accounts ) (how to add accounts in iGreen )
5. Run Journal entry form from home screen of iGreen accounting
Journal Entry form in iGreen Accounting