Akonto Accounting Software

Receivable an Billing
Complete tracking of Account receivables and sales:
• Creation of order from customer (Sale Order)
• Adjustment to Sale Order
• List of pending orders
• Creation of credit and cash sales invoices
• Sale returns
• List of unpaid sales invoices
• Aging report of receivables
• Automatic sending of emails to customer for unpaid invoices
Payable and Purchasing
Complete tracking of

Account payables:
• Creation of purchase request to Purchasing Department
• Creation of order to supplier (Purchase Order)
• Adjustment to Purchase Order
• List of pending orders
• Purchase voucher and purchase returns
• List of unpaid purchase invoices
• Aging report of payables
• Automatic sending of the PO to suppliers when inventory gets lower than the minimum
quantity
Point of Sale (PoS)
• Easy to learn point of sale system that you do not have to spend time and money on training staff
• Easy to use as it requires minimum keystrokes and use of a mouse.
• Flexible - Sales can be made before the purchase has been entered. Inventory system will automatically
update the inventory calculations and records, even you have entered a purchase of some
previous dates after the recent sales.
• Editing Facility - Sometimes a card transaction is entered as a cash transaction by mistake. Unlike other
systems available in the market, Akonto lets you edit previously entered transaction and updates the
reports. Departments Management
• Cost centers, department and branches are maintained in Akonto as Divisions. For each transaction,
division or job can be specified and then Akonto prepares reports of profit from each division or job. Budget
• Budgets can be specified in total or for each department to put controls on incomes and expenses.
• Easily generate reports for comparison of actual incomes / expenses with budgets (by total or by
division)
Features that will transform How you work
Inventory Management
• Record of batch and expiry of inventory
• Alert for expired items
• Alert for inventory below minimum quantity
• Inventory balances at each division / branch or cost center
• Inventory costing using FIFO and average costing
• Inventory ledger shows the quantity and amounts both at the same time
• Inventory transactions are immediately updated in the ledger
• Conversion of Raw Material to WIP or finished goods
Payroll
Easiest payroll system ever with following features:
• Calculation of salary according to attendance and paid leaves.
• Record of advances, loans, tax deduction and other balances for each employee
• Monthly deduction of advances and taxation from salary of employees.
• Salary slip report of employees
Wage Protection System (WPS)
The UAE Ministry of Labour (MOL) in conjunction with the Central Bank of the UAE (CBUAE) introduced the
Wage Protection System (WPS) as a means to electronically process and monitor the timely payment of
salaries using the Central Bank’s UAE Fund Transfer System (UAEFTS).