A R A Y S

Mind Office

Office Management App

Office Management App

Data capture & ML consulting services to map out the way to a custom

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Challenges

Better way to know

Your financial data becomes more complicated as your company progresses. Using spreadsheets to manage company accounts becomes confusing, time-consuming, and error-prone. A flexible accounting solution is needed as a company grows. Company owners must look about spreadsheet accounting and respond to dynamic financial records.

Solutions

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Accounting software offers many features to optimize our client’s business. From basic invoicing and billing, to tax calculations and project management, accounting software is an essential tool for business’ financial data. It will also help manage clients, reconcile bank accounts, and generate insightful financial reports that help our client’s business to grow smoothly and continuously.

Key benefits of using Accounting Software

  • Pay Taxes
    Arays Technologies' accounting programme is intended to comply with municipal tax laws to make dealing with taxation simpler. Accounting tools will help calculate taxes quicker and add the correct tax on your expenses more effectively, since our client works for different tax rates.
  • Reconciliation of the bank accounts
    Accounting software simplifies bank reconciliation, which is a central accounting function in every enterprise. We assisted our client in connecting their bank account to their accounting programme, which allows them to instantly retrieve statements from bank feeds. In their accounting software, we have set up custom standards and bank laws to accurately categorize and align imported bank transactions. They just need to check and validate their purchases and resolve the records until they have lined them up.
  • Invoicing and billing
    These are critical business processes and the primary source of revenue for the company. Managing invoices on paper is inconvenient, time-consuming, and vulnerable to mistakes. Without automatic tools, tracking invoices and reminding consumers about outstanding payments is often challenging. Accounting software successfully solves these problems of our client and offers functionality that make invoicing simple. For routine customer orders, they can build ongoing accounts and schedule invoices to be sent out automatically any time the order is placed. They can also add payment terms and conditions to the invoices and let their clients know what to expect when it comes to payments.

Result

For our clients' business to thrive, it is critical to have reliable financial reports at all times. However, they wanted a device that could transcend the limitations of standard spreadsheets in order to keep accurate records. Timesheets, which log hours worked and translate accepted time entries into invoices, are used by accounting software to address this issue. An accounting software can also assist in inventory management, bank account reconciliation, and tax compliance