By: Jerome J. Auza
Anyone in business, big or small, need to do the necessary but very tedious work of accounting. In a fast paced business environment, manual accounting may not be ideal as it can be prone to human errors. Even the use of spreadsheet applications like Excel, will still be prone to errors because implementing the accounting rules and procedures will still depend on the human operator.
The good news is that there are many desktop based accounting system software. But for businesses that have multiple branches and are spread out across a large area and across islands, keeping a local accounting system will still be inconvenient as each branch try to synchronize accounting data regularly.
A solution that would work very well for companies with many branches is a cloud based accounting system. Using a browser, the users can post transactions and immediately, that the posted transactions will reflect on the system. For example, if branch A sold a product, after posting the invoice or POS transaction for that sale, the income statement may be viewed and that transaction will be immediately reflected on the report.
The CloudLedger system is a full featured double entry ledger system that is deployed by Auza.Net on a cloud server and offered to SMEs. The largest deployment of CloudLedger is a company with 40+ branches with hundreds of transactions per day.
CloudLedger includes Accounts Receivables, Accounts Payables and Financial Statements (Balance Sheet, Income Statement, Trial Balance and Chart of Accounts). Also included are Purchase Orders, Sales Orders, Quotations and a basic Point-of-Sale system.
Because CloudLedger is deployed on the cloud, there is no need to install and maintain a local server. It is provided as a monthly service with no long term contracts, thus the cost of the system can be spread out on a monthly basis.
For security, access to the CloudLedger account is restricted via VPN or IP address access control.
To inquire about the CloudLedger system, please email to info@auza.net.