Express Accounts Accounting Software helps you manage accounts and bookkeeping for your business. This product is addressed to small businesses needing to document and report on incoming and outgoing cash flow. These include tracking sales, receipts, payments and purchases. This tool will help you easily track payments and deposit transactions. You could look at a snapshot of your finances any time through balances and reports provided by the tool. There are some 20 odd reports that show you all aspects of the business at any time. This trial version is free and can be still used free if you have only up to five users. Otherwise, you would have to pay a registration/license fee. This tool rounds out its features by letting you track accounts receivable, accounts payable, detailed customer and vendor data and more.
Journal entries, the source of all transaction records, are posted automatically. Accounting is done on the basis of double entry of money transactions. Sales and related accounts receivable are maintained while tracking related accounts receivable. This tool will take care of recurring orders and generate invoices. As these invoices are paid by customers, reports and accounts receivable details are updated. The utility tracks the whole process starting with professional looking quotes. P&L statement can be generated at any time; you can be exactly aware of the health of your business while the balance sheet will show current assets and liabilities. Generating tax liability reports is a simple step from there. Accounts payables and bill payments can be tracked effectively too. This is a very good tool.