Bank Accounting is a specialised area of financial accounting that deals with keeping track of the money-related activities of a bank. This involves recording, categorising, and analysing all the financial transactions that the bank carries out.
Personal accounting is crucial for effectively managing finances, achieving financial goals, and making informed financial decisions. Whether using traditional methods or digital tools, maintaining accurate and up-to-date financial records is vital for financial success.
This is the main accounting record that keeps track of all the money going in and out of the bank, including deposits, withdrawals, loans, investments, and expenses.
These are detailed records for specific accounts, like customer accounts, loan accounts, and investment accounts
Bank accounting ends with preparing financial statements, like the balance sheet, income statement, and cash flow statement. These statements give a full picture of the bank's financial health.
Banks have to follow strict financial rules and regulations. Bank accounting has to stick to various accounting standards and specific banking rules.
Banks handle a huge number of transactions every day, which makes it hard to keep accurate and up-to-date records.
If Users have more than one bank account, They may have to go to different bank account to verify the bank balance which is very cumbersome process
There may be possibility of forgetting some important transaction to record ,which may create confusion w.r.t purpose for which that transaction done
Some times user may face narration related issues like from narration only usr cant find the exact account name from whom they conduct transaction.
EazeMax allows users to manage all their bank accounts in one place.
Users can check the latest balances of all their bank accounts in one place.
Users can view the account-wise summary of each bank account.
Users can review the transaction summary details for each account.
Users can directly import bank Excel/PDF files into the software for detailed transaction input.
EazeMax helps users by providing suggested account names related to the narration available in the bank statement.
EazeMax's Personal Accounting dashboard has four parts: Bank, E-Wallet, Credit Card and Share.