Accounting system

The accounting system is considered the core of the framework, as it automatically transfers all financial transactions that occur on other subsidiary systems in the form of detailed and sequential daily entries. Additionally, the system offers various advantages and solutions according to banking operations.

Why Accounting system?

The accounting system is considered the backbone of any institution; it relies on providing a set of tools that assist management in executing financial operations without complications during work, especially when using a computer-based accounting system, which helps in obtaining financial results quickly. The ease of interacting with the accounting system is one of its special features, as it provides flexibility in monitoring the institution's cash flow. It also contributes to delivering numerical results about its operations by distributing them according to a specific data structure. Additionally, the accounting system uses various accounting tools to formulate, measure, and evaluate the accounting operations applied within the institution. Every accounting system includes essential elements that contribute to recording the accounting entries for the institution, along with any other entries that affect its financial status.