Maintaining accurate accounting records remain a legal obligation for people running small-business organizations. Over the years technology has evolved much and so the methods of keeping accounting records. Most tools, today help to make this process as efficient as possible. Manager, a free accounting software for Windows, Ubuntu and Mac is just an example of it.
Free financial software for small business
Manager for Windows is a simple program capable of tracking all the income and expenses, and even maintaining a database of clients with sales records. It keeps a record of all your financial dealings, classifies, and summarizes all your business transactions which are of financial nature, efficiently.
Manager for Windows
The user interface of the program appears easy to understand and use. Upon launch, in the left hand pane, it displays different modules, described below.
Whenever you receive money, the module keeps a record of all its receipts. It asks you few basic questions like What was the amount for? and Where did you put money? Just answer them and you’re done. Generally accepted answers for the first question are Sales, Interest Received, Rent Received, Professional Fees, Funds Contributed and if you are not sure, just type in Other Income. This helps to make your financial statements look much professional and easier to work with.
The second question “Where did you put money” is relatively easily to deal with. Simply type CASH, If you have received money in your bank account. In case you have multiple bank accounts make up unique name for each.
The second module is much similar to the first one only that, the second question i.e. Where did you put money, is replaced by Where did you take the money from. Generally accepted answers for the first question changes from the above mentioned ones to Telephone, Petrol, Electricity, Drawings and other expenses.
These are commercial documents issued by you to your customers. It indicates products, quantities and agreed prices for products or services you have provided to your customers.
It is a list of all people and organizations you are dealing with. This may include your customers, suppliers, employees and other entities.
Remaining modules may not appear as important as the above mentioned ones but should be accurately filled in every time.
If you are not aware, Manager can be used as a web app too. You can access it anywhere by using the URL of the web app. Moreover, you can also access it remotely by using your IP address instead of local host in the address bar.
A post-graduate in Biotechnology, Hemant switched gears to writing about Microsoft technologies and has been a contributor to TheWindowsClub since then. When he is not working, you can usually find him out traveling to different places or indulging himself in binge-watching.