accounting transactions and functions as an accounting information system. • It consists of various functional modules such as accounts payable, accounts receivable, payroll and trial balance.
and pays money it owes. Accounts receivable - where the company enters money owed to it. Billing - where the company produces invoices to clients/customers. Expense - where employee business-related expenses are entered.
where the company tracks salary, wages, and related taxes. Reports - where the company prints out data. Timesheet - where professionals (such as attorneys and consultants) record time worked so that it can be billed to clients.