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MBK - Mobile Bookkeeping is an easy to use accounting app based on Double Entry Bookkeeping system. You can keep records of your transactions in the form of journal entries then get reports instantly.
Mobile Bookkeeping is specially designed for students and small to medium businesses.
This app is a reliable and convenient accounting app which will keep proper records of your financial transactions.
This double entry bookkeeping system based app will surely help to grow your business.
Many more features will be added in near future.
The secret to building great products is not creating awesome features, it's to make your user awesome.
A chart of accounts (COA) is a financial organizational tool that provides a complete listing of every account in an accounting system. An account is a unique record for each type of asset, liability, equity, revenue and expense.
A journal entry, in accounting, is the logging of a transaction into accounting journal items. The journal entry can consist of several recordings, each of which is either a debit or a credit. The total of the debits must equal the total of the credits or the journal entry is said to be "unbalanced ".
The opening balance is the first entry in a firm's accounts, either when they are first starting up or at the start of a new financial year. The opening balance can be found on the credit or debit side of the ledger, depending on whether or not the firm has a postive or negative balance.
A general ledger account is an account or record used to sort and store balance sheet and income statement transactions. Examples of general ledger accounts include the asset accounts such as Cash, Accounts Receivable, Inventory, Investments, Land, and Equipment.
A trial balance is a list of all the general ledger accounts (both revenue and capital) contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance.
App allow to create multiple account and manage accounts for different app seperately.