Free and Open Source accounting software program on which Milagrow trains you, is an ideal solution for small businesses. It has the following features:
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Small Business Accounting Features which simplify managing a small business with Customer and Vendor tracking, Invoicing and Bill Payment, and Tax and Billing Terms.
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Double Entry to ensure that every transaction must debit one account and credit others by an equal amount. This ensures that the "books balance": that the difference between income and outflow exactly equals the sum of all assets and equity.
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Integrated reporting and graphing module which enables a full suite of standard and customizable reports, such as Balance Sheet, Profit & Loss, Portfolio Valuation, and many others.
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Income/Expense Account Types to categorize to categorize your cash flow and generate reports, such as Profit & Loss, that plain-vanilla systems cannot handle.
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Multiple Currencies feature ensures that currency movements between accounts are fully balanced when double-entry is enabled.
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Stock/Mutual Fund Portfolios tracking feature allows you to track stocks individually (one per account) or in portfolio of accounts (a group of accounts that can be displayed together).
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Statement Reconciliation window with running reconciled and cleared balances makes balancing against bank statements easy.
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A powerful transaction query dialogue can help you quickly locate a needle in a haystack.
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General Ledger Multiple accounts can be displayed in one register window at the same time. This can ease the trouble of tracking down typing/entry errors. It also provides a convenient way of viewing a portfolio of many stocks, by showing all transactions in that portfolio.
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Checks can also be printed in standard formats on common check stocks. A customization to GUI allows custom check layouts to be developed.
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Scheduled Transactions help you create recurring transactions, including automatic reminders when a transaction is due, the ability to postpone a scheduled transaction without canceling it, and the ability to specify only a limited number of transactions.
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A guided Mortgage & Loan Repayment dialogue allows for setting up loan payments as scheduled transactions.
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Checkbook-Style Register
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