Accounting

Accounting product is the application software that records and processes accounting transactions within functional modules such as accounts payable, accounts receivable, payroll, and general ledger. It may be developed in-house by the company or organization using it, may be purchased from a third party, or may be a combination of a third-party application software package with local modifications. It varies greatly in its complexity and cost. Accounting system should provide an accurate picture of the business and how it is doing. Setting up a good accounting system and understanding the numbers produced can make a major difference in how business fares in the long run.

General ledger is the heart of any accounting system and 4BS developed an accounting system which include

4BS-Solutions - Global IT Consulting & Software Services FirmAccounts receivable
4BS-Solutions - Global IT Consulting & Software Services FirmAccounts payable
4BS-Solutions - Global IT Consulting & Software Services FirmOrder entry
4BS-Solutions - Global IT Consulting & Software Services FirmInventory control
4BS-Solutions - Global IT Consulting & Software Services FirmCost accounting
4BS-Solutions - Global IT Consulting & Software Services FirmPayroll
4BS-Solutions - Global IT Consulting & Software Services FirmFixed assets accounting

Finance

Financial Software is fully capable to maintain all Company Financial accounting, Bookkeeping, Billing, and Inventory information, everything at one place with barcode support. All financial software products have been developed as a fully integrated set of cross-asset tools, covering front-office, middle-office and back-office activities with one seamless architecture. This approach allows integrating with legacy systems efficiently, implement quickly, process and publish in real-time and support cleanly. Having quick and easy access to key financials and accounting reports is critical to the company's success. 4BS is doing case studies and analysis on the various requirements with vendors from various industries, to develop financial products specific to the requirements like private banking, trading, funding, brokering etc., which can be easily customizable and used as a personal finance manager as well as a small business accounting package.

Insurance

A good insurance software package should improve the efficiency and profitability of insurance agencies by providing easy to learn systems at affordable prices. Also, an insurance product should deals with all personal and commercial lines of insurance. Insurance is designed to protect the financial well-being of an individual, company or other entity in the case of unexpected loss. Some forms of insurance are required by law, while others are optional. Agreeing to the terms of an insurance policy creates a contract between the insured and the insurer. In exchange for payments from the insured (called premiums), the insurer agrees to pay the policy holder a sum of money upon the occurrence of a specific event. In most cases, the policy holder pays part of the loss (called the deductible), and the insurer pays the rest. Examples include car insurance, health insurance, disability insurance, life insurance, and business insurance.

4BS is doing case studies and analysis on the various requirements with vendors from various industries, to develop insurance products specific to the requirements.


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