A solution which unite both business owners and accountants into single platform. Business owner enjoys real-time status of their business and control some part of the system where they are capable of doing whereas Accountants focus on actual business accounts side rather creating financial report or doing data entry every minutes.
The followings are the basic functions as an accounting system but finac has several unique features which distinct from other systems e.g. Handling Bank Transaction, Receipt Processing, Allowances, Dividend Processing, Receipt Management etc.
Business Owners
- Manage Customers
- Generate Invoices
- Email Invoices automatically to customers directly from system
- Direct input from Tills or other business system
- Benefit from Flat VAT Rate Schemes
- Upload expense receipts
- Upload from Internet
- Email from your email
- Post hard copy
- Take a photo and upload directly from iPhone, Android
- Claim Expenses
- Claim special allowances
- Claim Mileage
- Create company expenses (Supplier Bills)
- Store expense receipt digitally compliant with HMRC
- Real-time Cash Flow (linked with Bank Accounts)
- Real-time Profit & Loss Statement (Period, Weekly and Monthly Comparisons)
- Real-time tax calculation
- Real-time status of current liability
- Monthly Financial Statement
- Dividend Vouchers
- Personal Income
- Balance Sheet
- Trial Balance
- VAT Returns
Accountants
- Everything what a business owner can do.
- Manager multiple client on single platform
- One Click VAT return submission
- Generate Financial Statement
- Define Chart of Accounts
- Validate Customer Claims for expenses
- Generate financial statement
- Bank Statement Relocation
- Processing Receipts Digitally
- Process Dividend
- Auto reports for accounts who need tax advise
- System Configuration such as VAT rates, Flat VAT Rate, Mileage Configuration, User & roles setup etc.
- Integrated with HMRC online services – which automatically submit various documents on just one click.
- Auto reminder for current data state
- Auto Financial statement emailing