These financial statements are basically of two types: First is Profitability Statement or Profit and Loss Account and second is Balance Sheet. Following are the characteristics features of Financial Accounting: 1) Monetary Transactions: In financial accounting only transactions in monetary terms are considered.

software has the unique voucher entry system that enables diverse transactions at ease. ... Interest Calculation: ... Integration of Ledgers: ... Individual Bill Tracking: ... Replacing Accounting Codes: ... Control, Audit and Budgeting: ... Billing Information: ... Multiple Currency Support: