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FAQ Category: Accounting ERP

How to get ledger of account in iSociety Manager?

August 5, 2020August 5, 2020 manvik

What is General Ledger? General Ledger in simple language is the grouping of transactions of similar nature.  An organization has multiple transactions in a day. Every transaction leads to two entries as per the double-entry system of bookkeeping. These entries

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What are different financial statements in iSociety Manager?

August 5, 2020August 5, 2020 manvik

What Are Financial Statements? Financial statements are written records that convey the business activities and the financial performance of an entity. Financial statements are often audited by government agencies, accountants, firms, etc. to ensure accuracy and for tax, financing, or

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How to get balance sheet from iSociety Manager?

August 5, 2020 manvik

What Is a Balance Sheet? A balance sheet is a financial statement that reports an entity’s assets, liabilities, and shareholders’ equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital

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How to get income expense statement in iSocietyManager?

August 5, 2020 manvik

What is an Income Statement? An income statement is one of the three important financial statements used for reporting a company’s financial performance over a specific accounting period, with the other two key statements being the balance sheet and the statement of cash flows. Also known as

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