You can have multiple cash accounts. For example, one cash account for purchasing, another for customer payments, and another cash account for other payments, and loans. Also, you can have cash accounts for each sale person and user and monitor their transactions.
You can pay your bills anytime, anywhere. Also, you can deposit money from the customer and print the bill for them anytime in any currency with Polaris POS payment / Deposit method.
Your office has many expenses like electricity, rent, license and so on. In Polaris POS you can insert and manage your store expenses easily in the standard way.
In traditional accounting, the journal entry is a record of a transaction in which the total amount in the Debit column equals the total amount in the Credit column, and each amount is assigned to an account on the chart of accounts. For the daily transaction entry, Polaris POS automatically use same forms and familiar formats.
A balance sheet is a financial statement that summarizes a company's assets, liabilities and shareholders' equity at a specific point in time. These two reports with profit and loss statement are critical for every accounting software and every accounting systems must have these reports.
In this era and in some places like Dubai every business needs to work with more than one currency. In Polaris POS you can add any number of currencies that you want and add a currency as the main currency. Then, the system calculates your reports according to the main currency according to updated daily exchange rates.
You will have all the accounting reports that an accounting system must have like balance sheet, trial, balance, profit and loss statement, cash flow, bank inquiry and so on.