BIZHive^TM Finance

Accounting software is an application software that records & processes accounting transactions within functional modules such as accounts payable, accounts receivable, payroll, and trial balance. It functions as an accounting information system.

Core modules

• Accouts Receivable - where the company enters money received
• Accounts Payable - where the company enters its bills and pays money it owes
• General ledger - the company's "books"
• Billing - where the company produces invoices to clients/customers
• Stock Inventory - where the company keeps control of its inventory
• Purchase Order - where the company orders inventory
• Sales Order - where the company records customer orders for the supply of inventory
• Bookkeeping - where the company records collection and payment

non-core modules

• Debit Collection - where the company tracks attempts to collect overdue bills (sometimes part of accounts receivable)
• Electronic payment - processing
• Expense - where employee business-related expenses are entered
• Inquiries - where the company looks up information on screen without any edits or additions
• Payroll - where the company tracks salary, wages, and related taxes
• Reports - where the company prints out data
• TimeSheet - where professionals record time worked so that it can be billed to clients
• Purchase Requisition - where requests for purchase orders are made, approved and tracked