Subscribe "Lock-In-Ledger" a Dynamic Online Accounting Software

About Lock-In-Ledger Online Accounting Software

InfoTaxSquare.com has developed LockInLedger accounting software based on our extensive experience in accounting and book-keeping. This unique accounting software will save billions of dollars taxpayers money. Maintain your own account or use InfoTaxSquare.com service, to maintain it for you and the end of the year either provide access to your C.P.A to print reports to file your taxes or you file yourself.

What does Lock-In-Ledger accounting software have which no other accounting software carries?

1. Real time counters provide the company's worth which helps to calculate taxes and it tells the company's current worth.
2. The security system is very high and sensitive data are saved in different tables and distributed to different servers to make hacking chances almost impossible.
3. Multiple bookkeepers and accountants login on simultaneously in each account and they can work on different files to expedite jobs.
4. It provides each stockholder or member real time basis to withhold taxes to avoid penalties to the department.
5. The audit protection chances are 99.99%.

What is a triple entry decentralized software?

The idea of the decentralization is to confirm if the "Diamond is Real"? The triple entity accounting software will confirm if the transaction is "Genuine".

Generally, accounting activities are recorded on a double entry accounting software. InfoTaxSquare.com has launched a triple entry accounting software which we have derived this concept from a blockchain to give a business 100% protection from a surprised audit by a department.

Step One:

Business activities are recorded by a bookkeeper in any accounting software by using one of the vouchers which includes Cash Receive Voucher (C.R.V), Cash Payment Voucher (C.P.V), Journal Voucher (J.V) or transfer between inter-companies and banks In the triple entry system.

Step Two :

After posting business activity in accounting software a supervisor or any second layer approves the activity prior to it being permanently sealed.

Final Step Three:

After posting and confirming the accounting activity, a real party verifies it to seal the activity permanently and once it is sealed there is no option to edit or delete the entry rather an authorized person can only pass a reversal voucher to make appropriate changes.

A conclusion that compels to a business owner or an accountant to use Lock-In-Ledger rather than any other accounting software:

1. View real time profit and loss, assets, liabilities, equity and cash flow reports with 100% accuracy.
2. Real time bank reconciliation reports available to run a future forecast.
3. View each partnership share separately rather than accumulating.
4. View real time basis of each stockholder or owner basis in the company.
5. Run your business with freedom and without fear. You will not need to run after your accountant to generate financials to apply for loans and others rather you can give access to verify your financials. Since, the activities have been sealed and no one can make any changes under any situation.
6. We have taken care of security for sensitive data and we have used multi-layer security system to keep hackers away.
7. Monthly subscriptions are available.
8. InfoTaxSquare.com provides accounting and book keeping services to maintain your books and records.

What is included in Lock-In-Ledger Accounting Software?

Lock-In-Ledger creates following accounting vouchers:

1. Cash Receive Voucher

2. Cash Payment Voucher

3. Journal Voucher

4. Transfer Voucher

5. Checks

Lock-In-Ledger accounting software generates following financial reports:

1. Profit and loss real time report

2. Balance sheet real time report

3. Cash flow real time report

4. General ledger real time report

5. Trial balance real time report

6. Vendor report

7. Customer report

8. Employee report

9. Bank reconciliation

10. Other payee report

11. Real time counters of Profit & Loss, Assets and Liabilities

Other unique features of the Lock-In-Ledger accounting software:

1. Debit Memo

2. Credit Memo

3. Smart Contract

4. Third party validation

5. Supporting documents of each entity

6. Comparative reports

7. Chart of account

8. Receiver name

9. Payee name

10. Customer Name

11. Other Names

12. Date, time and the name of the person posted a business activity