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Category: news
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...
Financial statements: are the statements that express the value of the financial institution and its financial position in terms of its assets, profits, obligations on the company and liquidity. Owners, suppliers, lenders, investors, shareholders, tax authority and others are interested in them for various purposes such as determining the size of...
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...
What is a trial balance? A trial balance is a list of all the accounts of the facility in the ledger and the purpose of its preparation is to obtain a degree of assurance that the process of recording in the journal and ledger is done correctly...
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...
I mean, what cost centers? Do they differ from one company to another or from one activity to another? Is there an ideal way to code and create a cost center directory for any company? And are these methods different if you use the integrated accounting program Afaky ERP in your company? Through the article...
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...
It is a group of main and sub-accounts in the general ledger and trial balance, which are used to record all financial transactions within the company. Levels of classification of accounts in the accounts tree in the integrated accounting ERP system Afaky...
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