Deskera Books Accounting Software
Key Features of Deskera Books Accounting Software.
1. Scan invoices and use autofill for costs
- Smart Scanning Technology: Deskera Books scans receipts and automatically fills in the spending details using innovative OCR (Optical Character Recognition) technology. This minimizes human mistakes, saves time, and lowers manual entry.
- Instant Expense Recording: By rapidly classifying and logging the scanned expenses, the software ensures current financial records and improves bookkeeping accuracy.
2. Quickly generate purchase orders and bills
- Automated Bill Creation: From vendor invoices, scanned receipts, or manually input data, quickly create bills. By automatically filling in fields like payment terms, vendor details, and line items, Deskera Books simplifies the process of creating bills.
- Management of Purchase Orders: Purchase orders can be simply created and managed within the software. Purchase orders can be tracked by users, who can also turn them into bills after receiving them.
3. Keep All of Your Bills in One Place
- Unified Expense Dashboard: Deskera Books offers a unified dashboard that allows you to view all of your company's expenses in one location, which makes it simpler to keep an eye on spending trends and keep track of overdue invoices.
- Expense Categorization: The software automatically classifies expenses according to the type (e.g., supplies, travel, utilities), vendor, or -project. This helps to uncover cost-saving options and offers improved insights into spending patterns.
4. Assure the Highest Tax Benefits
- Tax Deduction Optimization: Deskera Books automatically classifies expenses and finds possible deductions to assist maximize tax benefits. By guaranteeing adherence to regional tax laws, it lowers the possibility of fines or penalties.
- Tax Compliance: Create reports that are in compliance with the law and monitor your tax obligations in real-time. Additionally, the software supports multiple tax forms (VAT, GST, and sales tax), which makes it simpler for their tax obligations effectively.
5. Charges for Imports Using Bank Transactions
- Bank Integration: Deskera Books can automatically import bank transactions thanks to its integrations with several banks. By ensuring that all costs are precisely and instantly recorded, this feature cuts down on the amount of time needed for manual reconciliation.
- Automatic Transaction Matching: To guarantee that all financial data is correct and current, the program compares imported bank transactions with income and expense reports.
6. Auto-record Depreciating Asset Expenses
- Depreciation management: It involves automatically recording costs associated with assets that depreciate over time, including machinery, cars, or equipment. Deskera Books ensures accurate financial reporting by computing depreciation according to predetermined schedules and techniques.
- Asset tracking: It is essential to make sure that the books appropriately reflect the current worth of the company's assets. Keep track of all assets and their depreciation values.
7. Develop Personalized Approval Processes
- Customized Approval Processes: Deskera Books enables companies to configure unique approval processes for purchase orders, bills, and costs. By ensuring that all financial transactions are examined and approved by the right people, this lowers the possibility of fraud or mistakes.
- Multi-Level Permissions: To provide an additional degree of protection and control over financial transactions, set up multi-level approval processes that can be tailored to various departments or transaction types.
8. Automated Financial Reports Generation
- Continuous Reporting: Deskera Books offers real-time insights into the financial health of the company with automated financial reports such as cash flow statements, balance sheets, and profit and loss statements.
- Custom Reports: Users can design and alter reports to suit their own requirements, which aids in data analysis and decision-making for organizations.
9. Inventory Management that is Integrated
- Stock Level Monitoring: When purchases are made or sales are registered, stock levels are automatically updated. By doing this, accurate inventory tracking is ensured, avoiding stock outs and overstocking.
- Inventory valuation: To accurately value inventory and support improved cost control and financial reporting, use techniques like weighted average or FIFO (First In, First Out).
10. Payment and Invoice Administration
- Simplified Invoicing: Produce expert invoices using editable templates and forward them straight to clients. For consistent customers, Deskera Books also facilitates recurring bills.
- Automated Payment Reminders: To improve cash flow management and shorten collection delays, set up automated reminders for past-due payments.
