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Built-in Office Accounting

 

 

Bulit-in Office Accounting

 

LAIT has a completely built in, SRA compliant module for office accounting and no need of any third party system integrations. This brings your office accounting and reporting efficiently under a single module. Since the higher availability of accounts information within the same application you can obtain reports and statistics very quickly. This allows top-level management to make financial decisions and forecasting without referring to any external source.


          

 

 

Office Accounting

   
 


SRA Compliance

 

LAIT’s built-in office accounting module is designed and developed to ensure compliance with SRA regulations and guidance.

 


Everything you need for office accounting in one place

 

All features you need to operate office accounting within a firm is built-in to the LAIT. From client registration to office accounts gives you a well secured journey when it comes to deal with financial matters.

Approval processes make sure you are doing the correct thing. All approval levels are controlled by an operational permissions built into LAIT’s role-based system access feature.

 


Office accounting features

 

As part of office accounting LAIT has featured with all essential features you need to run office accounts in your firm. You will have easy access to the following:

  • Chart of accounts
  • Nominal ledger
  • Office bank accounts
  • Office posting
    • Journal entry
    • Fund transfer
    • Bank deposit
  • Bank reconciliation
  • Trial balance
  • Office accounts reports
    • Bank reconciliation report
    • VAT Return reports
    • Profit and loss statements
    • Balance sheets
    • Income reports
    • Audit trial
    • Financial year end
    • Nominal ledger report
  • Supplier management
    • Create suppliers
    • Supplier control account
    • Supplier bill entry
    • Credit notes
    • Multiple bill payments
  • VAT Returns (VAT MTD for HMRC is ready)
  • Year end
 


Key benefits of built-in office accounting in LAIT

 

There are many benefits you will have with the built-in office accounting in LAIT. Mainly you can save time needed to prepare your office accounts manually. Since it is an automated system it increases accuracy by minimizing errors on accounts preparation. Access to real-time financial information will give you an instant reporting that helps top level managers to make financial decisions very easily. 

   
 

LAIT is redy with digital VAT return to HMRC with few clicks

   
 
   
   

 


Last Reviewed on 02 September 2019