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General

All you need to know about Tyms accounting software

Updated 6 months ago by Praise Arannilewa

Help Center General All you need to know about Tyms accounting software



Tyms accounting software is a comprehensive financial management solution that aids efficient accounting by automating computations, scheduling accounting processes, and providing real-time insights to inform business decisions. With Tyms, you can:

  • Boost efficiency with automated processes.
  • Make data-driven decisions with AI-driven insights.

The software achieves this through data management across these modules:

1. Bookkeeping: Tyms provides a comprehensive bookkeeping solution, enabling you to meticulously record and manage revenue, expenses, invoices, bills, quotes, prepayments, and payments. With Tyms, you can generate detailed reports, track financial performance, and make informed decisions.

 

2. Bank Management: Tyms streamlines bank statement management, allowing you to effortlessly import statements in various formats, automate posting processes with customizable bank rules, categorize statements in bulk, and reconcile accounts with precision.

 

3. Inventory Management: Tyms' dynamic inventory management feature empowers you to efficiently manage inventory items, track stock levels, adjust prices and stock in real-time, and optimize restocking processes, ensuring you always have the right inventory levels to meet demand.

 

4. Contact management: Tyms' contact management module enables you to effectively organize and manage customers and vendors, generate account statements, reports, and balances, and categorize similar contacts for enhanced reports management.

 

5. Asset management: Tyms' asset management feature allows you to meticulously track and manage assets, record disposals, automate depreciation schedules, and reflect asset values in financial statements, providing a clear picture of your asset portfolio.

 

6. Accounting: Tyms' comprehensive accounting module enables you to create, import, and manage journals, chart of accounts, and automate effect of prepayments, gain or loss in FX, and assets disposal. With Tyms, you can generate income statements, balance sheets, trial balances, and cashflow statement, with comparative and multi-dimensional views across branches, departments, and periods, providing a complete financial overview.

7. AI-insights: Tyms' AI analyzes your financial data, providing actionable intelligence across various modules, enabling you to identify trends, optimize operations, and make data-driven decisions to drive business growth.

 

8. Multi-Currency:

For businesses operating internationally with diverse currencies, Tyms offers unparalleled flexibility. You can effortlessly incorporate multiple currencies to cater to your global operations, while also allowing one base currency for consistency across your financial transactions.

This feature allows you to seamlessly manage financial diversity while maintaining a uniform and organized financial system, ensuring precision and ease in your international financial operations. Tyms adapts to your global business needs, enabling you to thrive in a multi-currency environment with ease and accuracy.

By leveraging Tyms accounting software, you can simplify financial management, gain real-time insights, and drive business growth with confidence.

Please watch the video in the link below to navigate through the Tyms application: 

https://youtu.be/3X-d_xnYSSo?feature=shared

FAQs

1. Does Tyms process payments within the application?
Not at all. Tyms is a financial accounting ERP, which stores and processes data not actual funds.

2. Can multiple people be logged into one business simultaneously on Tyms?

Yes, Tyms allows for team management where the admin can add as many users as possible, granting them various access levels. The system hereby prompts them to generate login details, and seamless accounting procedures continue.

3. Is there customer support available if I need any form of assistance?
Yes, Tyms has a dedicated support team. The team is available to attend to you whenever you need any form of assistance.

4. Can I manage multiple branches on the application?
Tyms affords you the opportunity to manage data across various branches, generating financial statements, and comparing values side by side.

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Making financial accounting look simple for everyone.

Discover how Tyms transforms complex accounting into a seamless experience: Our cutting-edge automation takes the hassle out of financial management, simplifying repetitive tasks and empowering businesses with effortless precision.