A Ledger is a set of numbered accounts of a business used to keep a track of its financial transactions and to prepare financial reports. Each account is a unique record…

A group of standard ledgers is called a ledger group, and it is used to apply general ledger accounting operations and procedures to the group as a whole.

Cost category refers to the grouping of comparable or related expenses for reporting, accumulation of costs, or profits for parallel sets of cost centers. Additionally…

A Cost Centre is a department within an organization that does not directly add to the profit but still costs the organization money to operate. Cost Centres only contribute…

A voucher is an internal document that is used to classify accounting/inventory documents. By default, the basic voucher types are available on RealBooks…

A financial year is a twelve-month period used by companies and other businesses to calculate their budgets, profits, and losses.

The party type is a field that can be assigned to a ledger and used as per the purpose. Ex- Broker, Salesman, Transporter, etc. Based on this assignment…

A segment is a branch of a company that runs its own operations and generates its own revenue. It is useful for multi-location accounting. 

Tag Group is a feature that allows you to add additional hierarchy with the help of tags in a way that can be easily used for searching and grouping records.

The Tag feature helps the user with re-grouping of ledgers into different categories beyond the normal accounting report available…

Computation of TDS, and filing the return becomes very easy with RealBooks’ Automatic TDS feature. With just a few rules in place within the software…

Users are the individuals, who are given access to the company companies segments’ books, based on their user edition and assigned permission roles.

Follow this step-by-step guide to learn how to create a New Company in RealBooks accounting software and many more.

Item Group describes the nature of the items. Here the user can create unlimited item groups and group hierarchies for different natures of items.

The key information about an inventory item is contained in the item master record. This information could contain the item’s description..

Godown refers to the warehouse/storage location via which the stock is routed. Godown Master contains the details related to the Godown…

Units or UOM are the standard units of measurement that needs to be assigned to the items to express them in quantity.

The HSN master is a dedicated master table, wherein users can capture the HSN-wise GST rates that allow the system to auto-configure the tax rates in the masters.

A price list is a list of the prices assigned to a set of items. Each price list is valid for a specific time period. Based on a variety of factors, a price list might be created for different clients.

A Bill Of Material(BOM) is an extensive list of Materials and their quantities required to produce a product.