You record the business. The engine keeps the books.
The Neodeus accounting engine is a shared component inside every Neodeus ERP. It turns everyday business actions, such as a purchase, a payment or a sale, into correct double-entry accounting entries automatically. It was designed with practising Chartered Accountants, so a business owner who does not know accounting rules can still keep proper books.
Like an automatic gearbox
A driver with an automatic car presses the accelerator; the gearbox picks the right gear. In a Neodeus ERP you record what happened in your business; the engine picks the right accounts, debits and credits.
What you do, and what the engine records
| What you do | What the engine records | Accounting terms (for your accountant) |
|---|---|---|
| Buy raw material from a supplier | The purchase, and the amount you owe the supplier | Purchases A/c Dr; Supplier (creditor) A/c Cr |
| Pay the supplier | The supplier’s balance falls; your bank balance falls | Supplier A/c Dr; Bank A/c Cr |
| Sell goods to a customer | The sale, and the amount the customer owes you | Customer (debtor) A/c Dr; Sales A/c Cr |
| Pay the electricity bill | The expense, and the payment | Electricity Expense A/c Dr; Bank A/c Cr |
What is built today, and what comes next
- Books, account groups and ledgersBuilt
- Vouchers and transactions, posted automaticallyBuilt
- Balance Sheet, Profit and Loss, Daily Cash BookBuilt
- GST returns dataOn our roadmap
- TDSOn our roadmap
- e-Invoice and e-Way BillOn our roadmap
- Export to your accountant’s softwareOn our roadmap
Questions
Do I still need an accountant?
Your Chartered Accountant still advises, audits and files. The engine removes daily bookkeeping effort and gives them clean books.
Does it file GST returns today?
Not yet. GST, TDS, e-invoice and e-way bill are on our roadmap.
Can I use the engine in my own software?
The engine runs as a separate service. Talk to us about your use.
Tell us the problem you are trying to solve.
We will tell you honestly how we can help, or if we cannot.