A Ledger is a set of numbered accounts of a business used to keep a track of its financial transactions and to prepare financial reports. Each account is a unique record…

A group of standard ledgers is called a ledger group, and it is used to apply general ledger accounting’s operations and procedures to the group as a whole.

A Cost Centre is a department within an organization that does not directly add to the profit but still costs the organization money to operate. Cost Centres only contribute…

Cost category refers to the grouping of comparable or related expenses for reporting, accumulation of costs or profits for parallel sets of cost centres. Additionally…

A voucher is an internal document that is used to classify accounting documents. RealBooks creates default set of system voucher type when you start…

Party type is a field that can be assigned to a ledger, and used as per the purpose. Ex- Broker, Salesman, Transporter etc. Based on this assignment, a ledger…

The Tag feature helps the user with re-grouping of ledgers into different categories beyond the normal accounting report available as per accounting standards.

Tag Group is a feature that allows you to add additional hierarchy with the help of tags in a way that can be easily used for searching and grouping records.

Computation of TDS, and filing the return becomes very easy with RealBooks’ Automatic TDS feature. With just a few rules in place within the software…

A financial year is a twelve-month period used by companies and other or businesses to calculate their budgets, profits, and losses.

Users are the individuals, who are given access to the company/companies/segments’ books, based on their user edition and assigned…

A segment is a branch of a company that runs its own operations and generates its own revenue. It is useful for multi-location accounting.

Schedule your reports using the RealBooks Scheduler feature. The feature notifies you and sends you automated reports through email on a regular basis. You can use this feature…

Item Group describes the nature of the items. Here the user can create unlimited item groups and group hierarchies for different nature….

The key information about an inventory item is contained in the item master record. This information could contain the item’s description…

Units are the value of items that are measured in a specific quantity, which allows different things to compare against each other.

The user can create a godown by using the Godown Master. This contains the details related to the godown, like its name, location….

The HSN master is a collection of HSN codes and rates that allows the system to auto-configure the tax rates in the masters.

A price list is a list of prices for the item or services offered by a company for sale. Each price list is valid for a specific time period…

Bill Of Material(BOM) is an extensive list of Materials and their quantities required to produce a product.