DATA ENTRY – ACCOUNTING REPORTS AUDIT TOOLS – DATA ENTRY
This Accounting Reporting and Audit Software is all about financial matters.
Including incomes, gains, expenses, losses, surpluses, and deficits.
PEOPLE OF ALL AGE-GROUPS – BUSINESSES OF ALL TYPES AND SIZES
STANDARD – FINANCIAL – Reporting and Auditing – ACCOUNTING – ADVANCED
TOTAL – TRANSPARENCY - TOTAL
POWERFUL – UNIQUE – PERFECT – COMPLETE
How to input the data into the REPORTING and AUDITING Application.
Step 1: Input the New Financial Year on Window-09 – Manual Setup Every Financial Year.
You will input the Financial Year and the Opening Balances from the previous year in ADM-CW
Step 2: Input Group names in Window-07 – Description for "Income" and "Expense."
Only add Groups as needed. Any Groups that are not used will be automatically removed.
The names of the Groups in Window-07 should be distinct. This means that the labels for Incomes-Gains and Expenses-Losses can optionally start with "IN" or "EX." All amounts should be positive and greater than zero. For instance, Group names can encompass single or multiple projects for various Financial Portfolios of Stocks and Shares. This reporting is intended for either a single individual or multiple business projects.
Step 3: Record transactions in Window-03 – Actual Data (with 4 fields, 1 field is optional).
You will enter the Date, Amount, Group, and Funds Admi and/or CW, with Description being optional. The data will be validated automatically upon exiting the record. Click the button to "Update the Data."
UNIQUE - Just 3 simple steps and 4 fields per entry - UNIQUE
This intuitively designed platform facilitates rapid and straightforward data entry and validation.
Don't forget! Microsoft Excel can be utilized to extract these fields from different financial and accounting systems. After that, you can simply copy and paste them into Window-03. Indeed, this easy-to-use and effective functionality is at your disposal whenever you need it. The data will be validated and refreshed upon entry into the system. This means you can instantly generate summaries, charts, and detailed reports for audits.
Keep in mind! The transaction records in Window-03 will be synced with the database only when all entries are free from errors.
While updating, additional information (fields) will be incorporated into the database tables, which is essential for producing algorithms required for all summaries, charts, and detailed reports. This information will be Read-Only and is designated for Search-Auditing purposes.
INCOMES, GAINS, SELLS - SURPLUSES AND DEFICITS - EXPENSES, LOSSES, BUYS
Window-07 - You will convert these examples into Group Names of 20 characters - Window-07
What are the FINANCIAL INCOMES OR GAINS?
15 Examples of Incomes and Gains for Individuals and Businesses:
01. Wages and Salaries: Individuals earn income through their jobs by providing labour or services. This includes regular pay checks received for work done.
02. Interest Income: Individuals and businesses earn interest on savings accounts, fixed deposits, or loans they provide to others.
03. Dividends: Shareholders receive dividends from companies in which they hold stock. These are a portion of the company’s profits distributed to shareholders.
04. Rental Income: Property owners earn money by renting out real estate, such as residential apartments, commercial spaces, or vacation properties.
05. Capital Gains: These occur when an asset (like stocks, real estate, or artwork) is sold at a higher price than its original purchase cost.
06. Royalties: Authors, musicians, and artists receive royalties when their work is used or sold. For example, book sales or music streaming generate royalties.
07. Business Profits: Businesses earn income from selling goods or services at a price above their production costs. This includes revenue from sales.
08. Commission: Salespeople and agents receive commissions based on the value of products or services they sell.
09. Annuities: Individuals receive regular payments from annuities purchased, often as retirement income.
10. License Fees: Businesses earn income by licensing their intellectual property, such as patents, trademarks, or software.
11. Consulting Fees: Professionals like lawyers, accountants, or management consultants charge fees for their expertise and advice.
12. Gains from Asset Sales: Businesses may sell old equipment, vehicles, or unused land, resulting in gains.
13. Stock Dividends: Companies issue additional shares of stock to existing shareholders as dividends.
14. Selling Possessions: Individuals can generate income by selling personal belongings, collectibles, or vintage items.
15. Leasing Equipment: Businesses lease out machinery, vehicles, or other assets to earn income.
What are the FINANCIAL EXPENSES OR LOSSES?
15 Examples of Expenses and Losses for Individuals and Businesses:
01. Rent: Payments for office space or property usage.
02. Salaries and Wages: Compensation for employees.
03. Utilities: Costs for electricity, water, and gas.
04. Depreciation: Allocation of the cost of fixed assets over their useful life.
05. Cost of Goods Sold (COGS): Direct expenses related to producing goods.
06. Insurance Premiums: Payments for business insurance coverage.
07. Advertising and Marketing Expenses: Promotional costs.
08. Travel and Entertainment Expenses: Business-related travel and client entertainment costs.
09. Business Operations: Losses related to regular business activities.
10. Non-Recurring Events: Unexpected events like fire, theft, or loss on the sale of fixed assets.
11. Accounting Policy Changes: Losses due to changes in accounting policies or standards.
12. Investment Losses: Decline in the value of investments.
13. Bad Debts: Unrecoverable amounts owed by customers.
14. Revaluation Loss: Reduction in the value of assets.
15. Legal Penalties or Fines: Monetary penalties imposed by authorities.
REPORTS - SUMMARIES - GRAPHS - DETAILS - REPORTS
Reports Summaries with Data Integrity FDGDATABASE@HOTMAIL.COM Reports Details with Audits Tools