Mr Accounting is an accounting software specifically designed for business users dealing with Malaysian accounting issues. It is used in many major universities in Malaysia.
Mr Accounting software covers several functions including customer and supplier, billing, and accounting functions. Under the customer module, users can enable credit control under the system by setting credit and terms and limits for customers. Debtors ageing reports can also be generated under the software. Furthermore, generation and monitoring of sales quotations, sales orders and customer receipts can also be enabled.
The billing module enables users to generate documents such as invoices, delivery orders, and debit and credit notes. Other features such as multiple general ledger linking and job, salesmen, and warehouse tagging allows users to manage and analyse their accounts. Besides that, under the supplier module, the supplier’s outstanding report ensures users pay their debts on time and obtain punctual payment discounts. The software also automatically matches unit prices and quantity on purchase orders to be accurately reflected on invoices, thus users can avoid overpayment to suppliers as well as miscommunication between departments.
Under the accounting module, business accounts are automatically set up from bank receipts and payments, as well as invoices and expenses that are entered throughout the year in real time. Users can also keep track of bank transactions and perform simple bank reconciliations, as well as print cheques and payment vouchers. Financial reports such as trial balance, income statements and balance sheets can also be automatically generated. Users can also create budgets and compare them with actual performance results. Besides that, under the fixed assets module, monthly depreciation for fixed assets are automatically calculated and posted. The accurate recording feature is also enabled for auditing purposes under the module.
An advantage of Mr Accounting software is that posts to the accounts is done offline on the premises, but management information can be viewed online. Information regarding management decisions can be generated, such as monthly sales graphs, best performing products and customers, as well as customers who have exceeded their credit limit and bank balances. As this information can be viewed online, users can access management information anywhere with an internet connection on any device. This ensures that business owners can keep up to date on company performances even when they are out of the office.
Besides that, Mr Accounting is the most accurate GST software. Designed specifically for Malaysian GST, the software generates comprehensive reports for GST checking, as well as GST Audit files. Audit reports for tax inspection are also provided. Accurate and automated GST calculations are also enabled for sales and purchases invoices, and all values are posted automatically to GST control accounts. Besides that, the GST tax invoice ensures that GST transactions are recorded regardless of whether they are inclusive or exclusive of tax. Mixed supplies transactions are also supported in the invoice. Furthermore, bad debt relief is automatically posted every end of the month, thus easing users’ cash flow.
Mr Accounting is easy to use and suitable for any Malaysian business owner.