Setting Preferences for currency & number formats

As per user suggestions last month there had been few changes in setting preferences for multi currency options . Numia had only ten settings for setting currencies for handling the bookkeeping. We had a TO DO in future for adding those currency options but anyway it is added now. Now you can add any type of currency while setting your preferences.


And also there had been few suggestions regarding selecting the number format as per user defined in generating reports. Besides, changes has been made by which user can set in any number format he/she needs.

Managing Budget with Numia

BUDGET is nothing but a financial plan to manage the spending and saving of money.It lists all the revenues and expenditures for a period of time in advance. Budget is one of the fundamentals to run any kind of business , government or a family.
There could be a budget for specific purposes, e.g., for the bank, for the head office, optimistic budget, realistic budget, pessimistic budget, etc. Departmental Budgets such as Marketing Budget, Finance Budget, Sales budget , Production budget , Cash Flow/Cash budget , Project budget , Revenue budget , Expenditure budget can also be created.

A budget may be prepared simply using Ledgers , or on computer using a spreadsheet program like Excel, or with a Online Accounting Software like Numia . Time periods can be alloted for the budgets depending on our requirements such as monthly or yearly budgets. Preparing Budgets with our online software Numia.biz is much easier task when compared to other resources.

We provide Multiple Budgeting options along with the time period limit as Month , Quarter-year and Year

This is the create budget form of numia.biz for monthly budgeting.

This is the form for quarter-year budgeting.

This is the form for Yearly Budgeting.

Make your budget and save your precious time being wasted.

Double Entry Bookkeeping Method – An accurate recording of transaction

Accounting should be concentrated, as small errors can have huge impacts. To resolve this the concept of Double entry bookkeeping is used where single transaction will always have impact in at least two different accounts. It serves as a kind of error detection; i.e. "if at any point, the sum of debits do not equal to the corresponding sum of credits" , an error has occurred.



Numia, use this method of Double entry bookkeeping to record transactions, i.e. one entry as a debit in one account and the other entry as a credit in another account. These two entries needs to balance the accounting equation, thus helps to have an error free transaction recording process.

Find out what's new in Numia accounting (Ver 2.0)

Numia is a free online Accounting service . Numia has many
features and it is updating . All these updates are still available for free whereas other online accounting services are having very little features as free and the updates as paid
service.

Look at what's new in Numia accounting @
http://numia.biz/newfeatures.html

You are lucky if you want more in numia , Numia acconting Version 3.0 is due in short period.

Numia has special feature of adding transaction from
mobile by just sending a SMS.

Want to know more about that?

Just have a demo @ http://numia.biz

Video Tutorials - Accounting made easier

During past the accounting was more of book keeping done in huge ledgers. But at present everything had changed. Accounting is much more widely accepted as a business function and general people also look for the accounting details of the firms they are associated with.

In day to-day business maintaining book keeping in ledgers is hard in few situations(both for small and large business). Huge amount of time and man power is required for maintaining those kind of records. So Online accounting service, viewed as merely experimental a few years ago are now becoming the vital role to run a business.

These softwares becomes more transparent for businesses where limited time & man power is required. Our main aim is to make numia easier and comfortable for user/business. So we had a team to create these video tutorials for you to get a clear picture on what you are working into. Each process has a video tutorial so go ahead and come out with any suggestions.



Video Tutorials in Numia is intuitive and makes everything easy. The step-by-step instructions that map out each accounting task. This makes managing finances easier, especially for the beginner who doesn't understand every step in each task. Getting started is easy using the Setup Guide and instructional video demos.

Ago a go - Slow startup for Numia

Its been since 2 years Numia was launched, An Online accounting software. Started with a team of young, youthful software engineers who always had a thirst to succeed. Now this online accounting serves more than 1k companies and 850 individual users. This is low when compared with other services but numia always had trusted users.
Being a Free Online accounting software, this has all options compared with other paid accounting softwares. With in two years Numia team had learn't a lot in developing the software more easier and flexible for the end users.



As there are many giant paid accounting softwares and also they have huge number of customers, its very tedious for numia to reach the online customers without promotion. Even though numia had very nice features compared to other paid sites it has lacked in reaching customers for a while. But for the past 4 months numia is having a rapid growth both in system level and also in user level.
The main objective for creating a blog is to have the technology in its place and all about providing an insight in order to build an audience. Mainly learn from sharing, Numia want to be conversational, personable and transparent.
From now there will be multiple authors to write blogs about the product, features and usage of Numia. So keep reading our blogs to know the day to-day updates and also comment on anything you like... Suggestions invited. Only you people are going to use our Free Online Accounting Software - Numia.