Your accounting system maybe simple as what you think it is but if it fails to provide you the ease, flexibility, security, and the expected information then the experience is dreadful and costly. Simple that only few master files were setup and less data can be entered. Simple because the information that can be generated are limited. Simple enough to be stolen or suddenly become inaccessible, or just vanished in thin air.
The simple accounting system is dreadful and costly because it requires you to:
1. Export data in unsecured and unstructured spreadsheet to design other reports.
2. Add more information to the exported data to complete the report
3. Organize the exported data with the added information
4. Upload data or interface your data to another system
5. Record or re-enter the data manually to another book or system
6. Cost accounting is tedious
7. Selling Price is merely a hunt
8. Profitability is hard to get
9. Pay for the time spent of an outsource person or the employee
10. Suffer the loss when:
a. your spreadsheet suddenly becomes inaccessible for whatever reason
b. the outsource person left either announced or unannounced
11. Spend time to look for the related documents:
a. for more details and to determine the treatment in accounting
b. to attach to the transaction voucher
12. Dedicate time and think/analyse to do the accounting entry of a transaction
13. Experience adjustments due to wrong accounting treatment
14. Absorb penalties as a result of non compliance to the government regulations.
15. No opportunity to expand.
15. No opportunity to expand.
The above listed facts are only few among the many difficulties the accountants are facing and keeping secret to the owners about the simple accounting system they are using. Perhaps the system provides them more overtime. Or extra working hours are exploited.
The company may purchase the simple accounting system on a lump sum or one time payment at a low price or may have subscribe at a low rate but the effects are more time, more efforts, more resources used and more cost are wasted, opportunity loses are encountered more often than not and difficulties are too much to bear by the employees and the company.
The true and real Accounting System is a computerized, professional (not DIY=Do It Yourself), comprehensive, integrated, automated, cloud and mobile technology software with good security features. It is a system that can be easily understood, all present and future computing and reporting requirements are met, and without difficulty in using. It is a system operated by very less number of users no matter how massive the volume of transactions providing complicated analytical reports in real time.
A good example is the integrated Ikonomikal Cloud ERP. Using iKonomikal eliminates the issues mentioned above.
There are more features that make iKonomikal Cloud ERP truly exceptional, relaxing and simple to use such as:
1. Very affordable and economical
2. On subscription scheme chargeable to operation expense and not as capital expenditure.
1. Very affordable and economical
2. On subscription scheme chargeable to operation expense and not as capital expenditure.
3. Installation of a cloud software is not required avoiding huge capital infusion.
4. Accessible using any electronic gadget with internet.
5. Always upgraded whenever there is accomplished customization, development and fixing of bugs and errors.
6. Proprietary software, meaning the code/program is not open to the public for safety and security concern. Full customization, development, uniformity and continuity are assured.
7. The Database is 250 GB with 5 Data Downloading Service is good for 10 years. Increase the capacity when necessary.
8. There are 2 Integrated Architectures namely:
a. BackOffice Portal for heavy users.
b. Community Portal for users with lesser access such as the students, teachers, parents, employees other than the heavy users, suppliers, customers, stockholders.
9. Minimum 1 User Set Subscription (USS) containing 4 users. Increase the USS or decrease when necessary.
10. Automatic daily backup to company private online storage
11. 12 Strong Security Features
1. Cloudflare (Website threat and attack remover)
2. SSL (Secure Socket Layer used by banks to encrypt the language)
3. Microsoft Azure Firewall
4. IP Address Lock (White Listing)
5. Identity Based Security
6. User Invitations
7. Role Based Security
8. API/Webserver Based Data Access
9. Audit Trail Logs
10. Self Service Database Restore
11. Geo Database Restore
12. External Database Backup Storage
12. Free fixing of bugs and errors.
13. Free Customization (within iKonomikal architecture)
13. Free Development (within iKonomikal architecture)
14. Free 24/7 Technical Support Service
15. Free Database Management
16. Subscribe, implement, learn and continuously use it
4. Accessible using any electronic gadget with internet.
5. Always upgraded whenever there is accomplished customization, development and fixing of bugs and errors.
6. Proprietary software, meaning the code/program is not open to the public for safety and security concern. Full customization, development, uniformity and continuity are assured.
7. The Database is 250 GB with 5 Data Downloading Service is good for 10 years. Increase the capacity when necessary.
8. There are 2 Integrated Architectures namely:
a. BackOffice Portal for heavy users.
b. Community Portal for users with lesser access such as the students, teachers, parents, employees other than the heavy users, suppliers, customers, stockholders.
9. Minimum 1 User Set Subscription (USS) containing 4 users. Increase the USS or decrease when necessary.
10. Automatic daily backup to company private online storage
11. 12 Strong Security Features
1. Cloudflare (Website threat and attack remover)
2. SSL (Secure Socket Layer used by banks to encrypt the language)
3. Microsoft Azure Firewall
4. IP Address Lock (White Listing)
5. Identity Based Security
6. User Invitations
7. Role Based Security
8. API/Webserver Based Data Access
9. Audit Trail Logs
10. Self Service Database Restore
11. Geo Database Restore
12. External Database Backup Storage
12. Free fixing of bugs and errors.
13. Free Customization (within iKonomikal architecture)
13. Free Development (within iKonomikal architecture)
14. Free 24/7 Technical Support Service
15. Free Database Management
16. Subscribe, implement, learn and continuously use it
17. Enter transactions to iKonomikal excel template in case of internet interruptions and upload it upon return of internet service.
18. Integrated iKonomikal Cloud Enterprise Resource Planning (ERP) Software solves the 15 difficulties of Simple Accounting System mentioned on the 2nd paragraph above and many more.
19. WebApi for 3rd party program to connect such as company's legacy programs, e-commerce etc.
20. Performance is non-stop or 24/7 full time service
21. Output is more than an army of employees, a great saving solution
22. Multi Users
23. Multi Currencies
24. Multi Companies, Multi Branches and Multi Locations
25. Automatic accounting entries for Inter-branch/company transactions
26. 92% of the transactions generates Automatic Accounting Entries
27. Posting to future periods and years are distributed per fiscal period
28. Month End and Year End closings are less than 20 seconds each
29. Payroll processing is 1 (one) second per employee or 86,400 for 24 hours with all the payslips, payroll spreadsheet, other reports and the automatic payroll and accrual accounting entries
30. Automatic annualization program for tax adjustment is available
31. Fund replenishment of less than a minute
32. 38 Financial Ratios and Performance Indicators are instantly available
33. Print Financial Reports with budget comparison for each company or branch in real time
34. Print Consolidated Financial Reports with budget comparison for group of or holding companies in real time.
35. Copy accounting entry to convert into multiple entries up to future years recording per fiscal period.
36. Automatic reversal entry
37. Automatic depreciation from acquisition to end of useful life spread in fiscal periods.
38. No repetition of entries as data entered are extracted to series of succeeding transactions.
39. Related transactions, documents and reports are searchable and traceable in real time
40. One code for a customer and also as supplier, or a supplier and also as customer
41. Statement of Accounts are in two formats:
a. Outstanding balance or unpaid invoices only
b. Balance forward (like bank statement)
42. Shareholders programs having the types of stocks, capitalization, shareholdings, dividends, accounting...
43. Bank reconciliation program
44. Bank credit facilities program
45. Electronic documents can be attached to master files and transactions
46. Documents and reports are easily printable in the formats of
a. crystal
b. pdf
c. word and
d. excel
47. Export and import in excel format
48. Automatically prepares reports on scheduled day and time
49. Automatically sends the reports to user inbox on schedule
50. Generates automatic tax and other levies reports
51. Email blast distributes a thousand emails per hour
52. Sends automatic "Alert"
53. Electronic approval
54. Graphical User Interface (GUI) for ease of use
55. Business Intelligence for user to design more analytical reports
56. Many more.....
For inquiries contact:
Companies:
iKonomikal
Cloud Services
DTI
Cert#: 04929944
Mayor’s
Permit: BCN 1914-56
TR
iKonomikal Consultants
DTI
Cert#: 04929961
Mayor’s
Permit: BCN 1914-56-01
TIN:
224 089 131
Address:
Ground
Floor, TG Rolluqui Building
117
Burgos Street Corner Regalia Street
Brgy.
Bagong Silang, Poblacion, Santa Cruz
Marinduque,
4902, Region 4B, Philippines
Links:
Skype:
tgrolluqui@hotmail.com
Phones
M:
+63 918 229 5934 (Smart)
M: +63 917 813 4905 (Globe)
T: +63 2 257 6646
iKonomikal
Cloud ERP
Software
Website: https://ikonomikal.com
Company
Website: https://hq.ikonomikal.com
Tech
Updates: https://docs.ikonomikal.com/
Agreements:
https://policy.ikonomikal.com/
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Please click also the following to know more about Ikonomikal
14. New Reduced Monthly Price List or click the Price Startup Packages
Suggested modifications, customizations and developments with general industry use is FREE OF COST. 24/7 online Technical Support is also FREE
