Personal Software Finance
Finance software designed around your financial personal needs
| Our Personal Finance software is also able to assist in accounting operations such as recording and processing accounting transactions within functional modules such as accounts payable, accounts receivable, payroll, and trial balance. We are releasing in the market powerful tools able to provide to the user a simple way to manage personal finance. Financial data are not easy to handle. Recording them might take a lot of time and not always there are tools able to provide a fast and simple interface. Our personal software finance comes with a simple database that can be further be customised for your needs. There are two software versions we want to offer in the next future to our customers:: Personal Software Finance Basic Edition Personal Software Finance Professional Edition These software share the same programming core but the professional version is recommended to accountant and to those people who need to handle complex financial data such as loans, mortgage, dividends, income and revenue, interest gains, etc. |
Personal Software Finance Professional Edition
* Advanced control of expenses, loans, incomes, revenue, share income and business income.
* Charts, graphs and trends tools available
* 24/7 Online synchronized with major finance sites such as Yahoo Finance and Google Finance
* Financial reports can be generated in few steps
* Accounting functions are available in this version of personal software finance. This include full access to transactions and records.
* Tax invoice manager is included with PDF/HTML output generation
Personal Software Finance Professional provides unique accounting features as well. As we all know,
accounting is the process of measuring and recording the financial value of the assets and liabilities of a
business and monitoring these values as they change with the passage of time. When we refer to a business
we could be referring to an individual, a company or any other entity for which accounting records are to
be kept (for example a church, club or other non-profit organisation.)
Our software take all this in consideration. It provides a total control of assets, liabilities and equity. Before we
better describe the personal software finance, let's discuss more about assets, liabilities and equity.
The assets of a business are those things that belong to the business that have a positive financial value i.e.
items that could be sold by the business in exchange for money. Examples of assets include land, buildings, vehicles, stock, equipment, rare gold coins, bank accounts with positive balances and money owed to the
business by its debtors.
The liabilities of a business are those things that belong to the business but unlike assets have a negative
financial value i.e. items that will require the payment of money by the business at some point in the future. Examples of liabilities include unpaid bills, unpaid taxes, unpaid wages, rusty motor vehicles, stock that has
passed its use-by date, overdrawn bank accounts and money owed by the business to its creditors.
The equity of a business is defined as the value of the assets minus the value of the liabilities. In other words
the equity is the financial value that would be left if all the assets were sold and the money from the sale was
used to pay off all the liabilities. Another way of expressing this is to say that the equity is the amount of
money that would be released if the business was to be wound up.
The assets, liabilities and equity of a business are all financial measurements that relate to a particular point in
time. The financial statement that is used to present this information is known as the balance sheet.
The balance sheet is a statement of the assets, liabilities and equity of a business as they exist at a particular
point in time.
Personal finance software professional gives the user the possibility to manage assets, liabilities and equity in a particular point in time. This provides great flexibility to the accountant. The software is also able to calculate
the "accounting equation" which can be resumed as P = A - L where P = equity and A are assets and L liabilities.
The software is also able to generate statement of financial position of a company in any point in time.
And of course, the software manages entries as income and expenses and generates income statements.
The software manages income as the sum of those things that increase the value of the assets without any corresponding increase in the liabilities or any new investment by the owners of the business. Examples include revenue from the sale of goods, equipment or services supplied, rent or interest received and capital gains. The expenses of a business are those things that reduce the value of the assets without any corresponding
reduction in the liabilities or any capital drawings by the owners. Examples include the cost of stock and raw materials, rent or interest paid, electricity bills, telephone, wages, taxes, dividends, depreciation and donations to charity.
So the software is able to manage complex measurements including a modified accounting equation such as:
A = L + P + ( I - E) where I income and E expenses.
The income statement is commonly divided into two sections in a similar fashion to the balance sheet.
Personal Finace Software professional also generates balance sheet which can be customised by the user.
The balance sheet is composed by one section which shows the total income and the other section which shows
the total expenses.
Like the balance sheet each section is broken down into more or less detail depending on its intended use.
However unlike the balance sheet the totals of each of the two sections are unlikely to be the same.
As you can understand, Personal finance software does a great job in this case.
The software understands that the difference is usually be shown as a separate item at the bottom of the
income statement and if the total income exceeds the total expenses it will be given a title such as retained earnings, net profit or excess of income over expenditure.
If the total expenses exceed the total income it will instead be called something like retained loss,
net loss or excess of expenditure over income.
The philosophy behind personal software finance is to provide a great tool to the accurante accountant.
Income and expenses are financial measurements that relate to the performance of a business during a
specified period of time. For this reason the income statement is also known as the statement of financial performance. It describes the performance of a business during a specified period. It is sometimes also
referred to as the profit and loss statement. This can be rendered in different in format. Again, every output
of the software can be totally customised by the user.
If you need more information about this software, please contact us.
Note that Personal Software Finance Professional will be available in the first quarter of 2009.
Pre-order now and get 15% discount!
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