Report of sale profit / loss is one the most requested report by every business management. It helps manager to compare profit vs expenses to manage business. By check this report, any director manager could protect his business from un-wanted insolvency.
Profit Report by iGreen Accounting
To get this type of report, in Dashboard (home screen) of iGreen, you see a button as below:
In Advanced dashboard, click on [INVOICE PROFITS]
After click on this button, form of invoice profits will be show as below:
in this form, you can click on magnifier icon and see details of invoice in footer section of this form. also you can have look of gragh on selected date and compare to find the most profit day in table of days.
In accounting and auditing systems, the term of SOA is abbreviation of statement of account, the statement of account (SOA). SOA is a required report that provides an overview of the turn over of Clients accounts. However, it is considered one of the most important reports in accounting. It is a much-needed report for small businesses and it is used for receivables and payables settlement. Conversely, in medium to large businesses in the GCC, statements in the ledger are more important to general managers and accountants. This report provides an overview of accounts and enables better management and analysis of financial data.
Sample: SOA in iGreen software
To access the Statement of Account (SOA) in iGreen accounting software, simply navigate to the home screen and click on the [Statement of Account] button located in the right corner. It is a quick and easy process that can be completed in just a few clicks.
In this photograph, we are presented with the location of the SOA button in the home screen of the iGreen accounting software. As we can observe, the SOA button is located in the top right corner of the screen, adjacent to the “Settings” button. This placement is consistent with standard software design principles, as it allows for easy access to the SOA functionality without obstructing the user’s view of the main screen.
In this report, we present an analysis of the chart of accounts (COA) and its ability to display the turnover of selected accounts. By selecting a specific account and a range of dates, users can easily view the turnover of the account during the selected time period. Additionally, the report allows for the conversion of debit and credit amounts to a selected currency, providing users with a comprehensive view of their financial data. The COA serves as a valuable tool for businesses to track their financial performance and make informed decisions based on their financial data. Overall, this report highlights the importance of utilizing the SOA to gain insights into financial performance and make informed business decisions.
Statement of Accounts in iGreen accounting
Example
In this example, you will see a statement of account for We have received a payment of 47.25$ from a sales from cash customer. In order to control the statement of cash customer, I have selected the account of cash customer. The report for the selected account is as follows:
Multi currencies report
The list of transactions shows that the account of a cash customer has both an invoice and a cash payment. The original amounts were in USD, but they are now displayed in AED currency as follows:
In yellow box, you can select your desired currency by click on it.
After select currency of AED, statement account will be as:
Conversion rate for one US Dollar is to 3.68 Emirates Dirham.
IMEI number is very important for all mobile and smart phones. because for each mobile or smart phones there is one and unique IMEI number. so that, you could not find two mobile devices with same IMEI number.
However by using imei number in billing software in mobile stores, we can trace and a perfect report of invoices without any mistakes. so if an imei number entered twice in purchase vouchers, it will shows us that a mistake has been happen.
imei scanning to trace transaction history of mobile devices
in iGreen software also we have a perfect focus on using IMEI number to record purchases and invoices to get accurate reports of sales profit.
Inventory management for small businesses and small stores is a weekly task and it should be done to protect items from losing. Every week, stuffs will count items and goods in stores and warehouses to check mark it with prints on paper or by software.
Inventory Management Software
An inventory software will add and reduce quantity or amount of items after purchase or sales vouchers. for example when a sales of 2 pairs shoes with barcode 789654 has been done, then inventory software will reduce 2 pairs of shoes with same barcode from warehouse inventory automatically.
Inventory management by iGreen accounting
Wen you enter sales invoice in iGreen software, it will reduce items of invoice from warehouse inventory and when you enter a purchase voucher, it will add items of purchase to warehouse inventory.
Example of Inventory Report in iGreen
As you see in this report from a Tyre shop in Dubai that uses iGreen accounting for their accounts department, It reduced 2 pcs from inventory because of Sales voucher ID 32 and balance of inventory is 2
For any store, it is very important to know the number of goods in stock every day. To buy goods that are about to run out before the inventory runs out. Because when a product is not in stock, it means no sales and no profit for that store. counting number of goods could be done by hand and paper or by barcode scanner or autoomatically by inventory software. in Dubai, software is the most used method. Therefore, less time is spent, but the report of the number of goods in the warehouses can be prepared more accurately and without mistakes.
Inventory Software in Dubai
It is very easy and convenient to control the inventory of goods in the warehouse in iGreen accounting. When you input a purchase voucher for a product, iGreen adds the purchase quantity of that product to the inventory and when you input the sales invoice of that product, the inventory of the sold product decreases. The operation of reducing and increasing the inventory of goods in the warehouse is done automatically same time of purchase and invoice entry by the accounting software.
Inventory control in iGreen software
After any sales and purchase entry, iGreen software will adjust stock inventory automatically. to access report of stock inventory, in main menu, please click on reports and select Inventory control then you will see [Report of item turnover].
Example of inventory report
In this report, you can see how iGreen added amount of 15 set of Vacuum cleaner to inventory stock and how it deducted 1 set of it from inventory stock when a sales invoice has been posted by operator.
This form includes two tables, the above table shows all items in warehouse with quantity of sales and purchase and below table only show turn over of selected items in above table. also below table show profit of sales for selected item.
regard to this example, you can iGreen accounting as inventory software in Dubai with ease and no hassle. please click here to download it and try it
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