Cloud Accounting Software for Businesses to Manage Your Accounts and Financial Reports
Fatora’s financial accounting software helps companies manage their chart of accounts, journal entries, cost centers, assets, bank reconciliations, and financial reports in a cloud environment connected to the system’s other operations.
Cloud Bookkeeping Software to Manage Your Company’s Financial Cycle
Fatora’s financial accounting system provides tools to organize your chart of accounts, journal entries, cost centers, assets, reconciliations, and financial reports, linking the data to other operations to reduce duplicate entry and make it easier to track your company’s financial position.
Accounting and Bookkeeping Tools for Businesses
Hierarchical Chart of Accounts
Organize main accounts and sub-accounts in a flexible chart of accounts that you can configure to fit your type of business and company structure.
Journal Entry Management
Link journal entries to the financial transactions and documents used in the system to reduce repeated entry and keep the accounting cycle better organized.
Cost Centers and Projects
Allocate revenue and expenses to cost centers to track the performance of branches, departments, or projects more clearly.
Asset and Depreciation Management
Record fixed assets and track their data, book values, and depreciation according to your business’s accounting settings and policies.
Bank Reconciliations
Compare the transactions recorded in the system with your bank statements, and record the related differences and reconciliations.
Multi-Currency and Exchange Differences
Organize transactions in the currencies used in your accounts and track exchange differences and the related adjustments, based on system settings.
Financial Controls and Permissions
Set user and accountant permissions for financial screens and operations based on roles and your company’s work policies.
Financial and Year-End Statements
Generate financial reports and statements such as the income statement, balance sheet, trial balance, and cash flow, based on the recorded data.
Cost Centers to Track Branches and Projects
For companies with multiple branches or several projects, cost centers help allocate revenue and expenses and link them to the right branch, department, or project for easier financial analysis.
- Create and organize cost centers based on your company’s structure and needs.
- Allocate shared expenses across branches or projects using your chosen allocation method.
- Track cost center results through the related reports and financial data.
- Link cost centers to the relevant transactions, based on your accounting cycle setup.
Bank Reconciliations and Transaction Matching
Bank reconciliations help you compare the transactions recorded in the system with the bank statement and identify differences and transactions that need review or adjustment.
- Match the transactions recorded in the system’s books with the actual bank statement.
- Track recorded transactions and checks by their status in the system.
- Record differences and bank fees and create the related adjustments, based on permissions.
- Review bank and book balances before closing accounting periods.
Request an Accounting Demo
Enter your company details to arrange a demo of the accounting and bookkeeping tools that suit your type of business and financial needs.
