TAG Accounting System
TAG-Accounting is a powerful suite of integrated financial accounting and business tools for small- and medium-sized enterprises. TAG-Accounting is an intuitive, easy to use, robust, bi-lingual, multi-user, multi-company, multi-branch, multi-currency accounting suite to help you manage your business and accounting needs. Management modules cover Accounts, Bank Statements, Inventory, Sales and Receivables, Purchase and Payables and comprehensive Financial and Management Reports. These modules provide an accounting foundation for your business that is certain to increase your productivity and profitability.
Moreover, the system integrates a series of references and books on the major topics in accounting. The system offers the user invaluable help as those books provide illustrations of the main concepts and appropriate accounting entries for different types of transactions and situations. The intention is to provide a practical interpretation of International Financial Reporting Standards.
The package also contains the Abu-Ghazaleh Accountancy Business Dictionary which contains 12,000 accountancy terms, issued by international professional bodies and industry experts.
The accounting system consists of the below modules:
- General Ledger (GL)
- Accounts Payable (A/P): A type of accounting ledger that is kept separately containing the accounts of all company s creditors. The ledger is used to update data to applicable permanent accounts at the end of each period and is constantly in flux.
- Accounts Receivable System (A/R): A type of a ledger used in a company s accounting procedures that separates the history of payments and transactions for each of the company s customers who have had credit extended to them by the company. The ledger is a temporary account and is used to facilitate any updates made to the permanent asset accounts at the end of each period.
- Fixed Assets and Depreciation: A solution that provides the ability to store, track and manage assets that belong to an organization along with the financial depreciation calculations.