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An accounting information system (AIS) involves the collection, storage, and processing of financial and accounting data used by internal users to report information to other partners, tax, and auditors. It is a computer-based method for tracking accounting reports in conjunction with business plan and information technology resources. An AIS combines accounting practices, such as the use of accepted accounting principles, with modern information technology resources.
An accounting information system contains various elements important in the accounting report. Information contained in a system varies among industries and business sizes, and AIS includes data relating to revenue, expenses, partner's, customer information, business plans, bank accounts, and VAT information. Specific data includes sales orders and analysis reports, notification requisitions, invoices, a statement from accounts, and financial statement information according to the business plan.
How do I accounting of receive money to a bank account?
You can find and add accounting of the incoming local and international transfer details in the Home screen > Add money and follow the instructions on the screen.
How do I accounting of send money from a bank account?
To accounting of transfer any of currencies to a bank account, tap 'Operations' → ‘Bank' → ‘Select payment to company ’ or → ‘+ New payment’ → and follow the instructions on the screen. You’ll be asked to add the bank transfer details for either an Individual or a Business, add as fixed payment.
Make sure to review the account details before you tap 'Sign', or your accounting of transfer may not go through successfully, and could bounce back to your account. Once your accounting of transfer is submitted, it can’t be cancelled, only can delete so make sure you keep your recipient account details up to date.
After your accounting of transfer is complete, you can download a his confirmation. The .pdf file contains all the details of your accounting of transfer, as well as unique external reference.
How do I update recipient account details?
In Fixed payments, you can quickly find previously entered bank accounts of the 'Recipients' and then tap 'Edit'.
An accounting information system have a database structure to store information. This database structure was created on Oracle 11g / APEX 4 and is programmed with a main language is PL / SQL. JS, CSS, JQuery, HTML, Java also used, that allows for table and data manipulation. An AIS has numerous fields to input data as well as to edit in Business Plan previously stored data. Besides, the accounting information system is a highly secured platform with preventative measures taken against viruses, hackers, and other external sources attempting to collect information. Bouncy Castle was used for cryptography. Cybersecurity is increasingly important for us as more and more our partners ask to store their data electronically in our server.
An accounting information system can interact across multiple departments. In the system, for example, the Retail Sales Division can keep separate records. The information is used by the management team and for money accounting transfers. During paying, the system notifies about a new invoice. However, correspondences, memos, or presentations are not included in the AIS because these items are not directly related to a company’s financial reporting or bookkeeping.
The accounting information system is audited by internal controls. The procedures placed in the system are designed to ensure the storage of confidential information about customers, suppliers, and businesses divisions within the company. Through the use of access permissions, login requirements, access logs, authorization, and separation of duties, Partners can only be limited to the relevant information necessary to carry out their business functions only.
