For Accounting
The Double Entry module within Pryro is the cornerstone of robust financial management, comprising six crucial columns. The “Chart of Accounts” column lays the foundation, offering a comprehensive view of account details, including codes, names, types, journal and transaction balances, and status. “Journal Account” records specific transaction details, while the “Ledger Summary” column provides historical snapshots of account balances. The “Balance Sheet” column facilitates the creation of this vital financial statement. Additionally, the “Profit and Loss” section generates income statements, and the “Trial Balance” ensures the accuracy of the entire accounting system by reconciling debit and credit balances. This module empowers organizations to maintain precise financial records, track transactions, and produce essential financial reports, fostering transparency, compliance, and informed decision-making.