The main objective for accounting system is to classify and manage all operations for company’s accounts , also extracting all financial documents and statements Like : balance sheet , bank statements , account statement for each account … etc
The accounting systems offers more features like.
1- defining accounts tree easily.
2- bind accounts to it’s references.
3- Register expenses and revenues.
4- Generating Journal and also user can enter it manually.
5- Classify Assets , Liabilities and owner’s equity.
6- Process the life cycle of checks.
7- Detailed entry forms for Banks , Customers and Suppliers … etc.