Pennywise Smart Accounting Software

Kromozome recently launched a new accounting software called “Pennywise” that simplifies accounting for small and medium-sized businesses. With the tagline “smart accounting wise decisions,” this software aims to provide an all-in-one solution for managing finances.

In this blog post, we’ll take a closer look at the features of Pennywise and how it can benefit your business.

Expense Module

The Expense module in Pennywise allows you to manage your company expenses efficiently. You can categorize and subcategorize all expenses and connect them with accounts. This feature ensures that you never miss accounting for any expenses.

Purchase Module

The Purchase module helps you manage product purchases and returns. By creating purchases, the stock quantity of products will be increased, and by deleting purchases, the stock quantity of products will be decreased.

Sales Module

The Sales module allows you to manage sales quotations, product sales, and returns. By creating sales, the stock quantity of products will be decreased, and by deleting sales, the stock quantity of products will be increased.

Accounting Module

The Accounting module helps you manage transactions and accounts. Every transaction is connected to cash or bank accounts. A credit transaction will increase the balance, and a debit transaction will decrease the balance. This feature helps you keep track of your company’s financial health.

Loan Module

The Loan module in Pennywise helps you manage loan authorities, loans, and loan payments. You can create both CC loans and Term loans. The amount will be added to your account and can be used for transactions.

Asset Module

The Asset module helps you manage your company’s assets and their depreciation. You can create assets with or without depreciation. This feature uses a straight-line depreciation method to calculate depreciation.

Payroll Module

The Payroll module helps you manage monthly salaries. Using this feature, you can generate monthly salaries for employees. Payrolls are connected with accounts, ensuring you never miss accounting for any payments.

Inventory Module

The Inventory module helps you keep track of your product stocks and adjust stock by increasing or decreasing it. It also helps you see the average purchase price and inventory history (Stock In & Stock Outs) of your products.

Reports

Pennywise provides various reports to track your business performance. You can quickly check the balance sheet, summary report, profit/loss report, expense report, and inventory report. These reports help you make informed decisions about your business.

“Pennywise is an all-in-one accounting software that can help you manage your business finances efficiently. Its comprehensive features can help you keep track of all your financial transactions, inventory, and payroll. By using Pennywise, you can make informed decisions and manage your business better.”

In summary, Pennywise is an, all-in-one accounting software that can help you manage your business finances efficiently. Its comprehensive features can help you keep track of all your financial transactions, inventory, and payroll. By using Pennywise, you can make informed decisions and manage your business better.