Accounting Features and Open Source Accounting

Skyhook accounting module has everything you need to keep your books and provide accurate reports of all your transactions.

Chart of Accounts

Skyhook ERPs chart of accounts feature includes a customizable and structured view of accounting ledgers. It consists of your Assets, Liabilities, Income, Equity, and Expenses. You can add additional segments when you need them.

You can view all activities in real time so that you’ll see where your profits are coming from and where your expenses are being spent. Use the software to generate reports by getting data from various files. You can easily make reports like General Ledger, Balance Sheet, Trial Balance, and Stock Ledger to name a few.

Real-Time Books

In today’s digital marketplace, time is gold. Getting the needed information to help manage your business on a day to day basis is crucial. The problem starts when you are not getting the information fast enough when needed, another issue is the accuracy of data to make the right decisions moving forward.

You can now analyze every aspect of your business transactions in one location. Get all the information you need, when you need it. Are you looking for a sale or a purchase? Balance sheet? Profit and loss statement? Sales reports? Now you can make informed decisions that can keep you ahead of the competition

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Journals and payments

Keep your ledger neat and orderly to prevent discrepancies while closing accounts. Control cash flow, set up notifications for period closing, and keep track of revenue and expenses (deferred or accrued). It is possible to record and reconcile advance payments all at once.

Billing and Pricing

Invoice your customers and chase receivable payments easily, with payment requests and notifications via email or SMS reminders. Create custom print templates for bills and set up defaults in no time. Item pricing just needs to be configured once, then it will be auto-fetched in all future transactions.

Multi-currency accounting

Our open source accounting software makes it simple to manage transactions in several currencies. Any currency can be used to send invoices and add expenses; the system will convert them to your base currency for you. Even financial records and transactions in several currencies are available.

Banking

Create as many bank and cash accounts as you like, and keep tabs on their starting and running amounts. Keep track of the bank accounts for your clients and suppliers. Make sure your finances are in line with a one-click bank statement upload. Clearance is made simple, and accounting is made simple.

On-The-Fly Customizations

Make your own free and open source accounting program. By including custom fields in your forms, you can map the data that matters to you. Then, without writing a single line of code, modify form behavior by auto-fetching values, hiding fields based on user roles, and developing unique print formats.