Different Accounting for Different Industries

The accounting requirement will differ depending on the type of industry your business is operating. Charities accounting need to comply with the SORP, fund accounting and report by activities.

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Charities and NFP

Accounting for charities involves managing financial transactions, ensuring transparency, and demonstrating accountability to stakeholders.

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Fund Accounting segregates financial activities based on these funds, providing a clear picture of how resources are allocated and utilized.

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Revenue Recognition – Accounting systems should be able to appropriately recognize and classify different revenue streams, ensuring compliance with accounting standards and donor restrictions.

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Compliance and Reporting – Accounting systems should generate financial statements, such as the statement of activities and the statement of financial position, that meet the requirements of relevant accounting frameworks (e.g., Generally Accepted Accounting Principles or SORP).

Nursing Homes

We understand the vital role that a robust billing system plays in ensuring seamless operations and delivering exceptional care to your residents. Our state-of-the-art billing system is designed to streamline the financial processes, enhance transparency, and optimize revenue management, contributing to the overall well-being of our residents and the sustainability of our services.

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Automated Billing

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On Demand Reporting

Hospitality

Our cutting-edge Hospitality Accounting Software is tailored to meet the unique needs of hotels, restaurants, and other hospitality establishments. With seamless integration capabilities with Electronic Point of Sale (EPOS) systems and Hotel Management Software, we empower you to take control of your financial operations like never before.

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Hotel Management Synergy: Streamline your hotel’s financial processes by integrating our software with your Hotel Management System. Manage room revenues, track expenses, and optimize your overall financial performance effortlessly.

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Real-time Reporting: Access real-time financial reports at your fingertips. Monitor your business’s financial health with customizable dashboards and reports that provide insights into revenue, expenses, and profitability.

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Switching accounting software was a game-changer for us! The intuitive interface and automation features have saved us countless hours, streamlining our financial processes effortlessly. Real-time collaboration and customizable reporting options make it a must-have tool for any business

Catherine Wright

Construction and Real Estates

Navigating the financial landscape of construction and real estate requires industry-specific expertise. Our tailored accounting solutions are designed to address the unique challenges faced by contractors, developers, and real estate professionals. From project cost tracking to revenue recognition, we ensure your financial records are accurate, compliant, and optimized for success.

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Construction contracts, real estate development, or property management solutions.

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Project Cost tracking and billing

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Billing