Connect every side of your business to your financial management.

Tranquil offers a multi-level chart of accounts to efficiently handle financial transactions across profit centers, departments, divisions, business units, and even separate companies. Replace the default chart with a custom one, or import your existing chart from your legacy system.

You'll be able to seamlessly track every part of your organization, view financial data across every layer of your business hierarchy, and generate reports at multiple levels — from a single department or branch, to a business unit, a full company, or the entire group.

The chart of accounts covers every account you need to track in your business: assets, liabilities, equity, revenue, and expenses.

Post entries individually or in batches to the correct ledger account, ensuring an accurate view of your financial transactions — especially on the accounts payable and receivable side. Track your expenses and revenues, and keep cash flow moving smoothly.

Unpost entries the moment new information arrives about an account, before it impacts your financials, then re-post once the updated data is loaded. Make informed decisions about payables and keep a close eye on receivables.

Tranquil's accounting software lets you manage VAT effortlessly — automatically preparing your tax return in a single click and recording every detail of tax collected or owed.

All you need to do is set the tax rate in the system, and Tranquil will calculate the amount and allocate it correctly on its own.

Tranquil's tax engine is built in full alignment with the regulations of the Zakat, Tax and Customs Authority (ZATCA) in Saudi Arabia, ensuring your organization stays fully compliant.

In Tranquil's financial management software, a cost center refers to an organizational unit to which costs or expenses can be allocated during transactions. For example, you can use cost centers to analyze the profitability and efficiency of each individual project.

Tracking by cost center helps you manage expenses and revenues with greater clarity and precision — empowering you to make sharper, more informed financial decisions

Prepaid expenses are amounts paid in advance for goods or services. They have two components: an expense and an asset — which is why it's essential to understand when and how these prepayments are reflected in your Profit & Loss statement.

Businesses often pay their expenses upfront. Common examples of prepaid expenses include:

• Prepaid insurance
• Prepaid rent
• Prepaid advertising
• Prepaid royalties
• Prepaid supplies, and more.

With Tranquil's financial management software, the Bank Reconciliation feature helps you match the balances in your company's accounting records against the corresponding bank statement. The purpose: to surface any discrepancies between your books and the bank's records — apart from timing differences in how transactions are recorded.

Regular bank reconciliation is essential for ensuring the accuracy of your recorded cash balance, avoiding overdraft fees, tracking returned, stolen, or altered checks, and detecting any fraudulent activity.

By reconciling on a consistent basis, you can catch errors and unexpected issues early and resolve them in time — strengthening the integrity of your company's financial data.

In accounting, "aging" refers to tracking the money owed to your business (accounts receivable) and the amounts you owe to others (accounts payable).

To reduce cash flow problems and potential losses from customers who can't pay, Tranquil's accounting software generates A/R aging reports on a regular basis — giving managers full visibility into which customers are overdue according to the agreed payment terms.

The Accounts Payable (A/P) aging report — or supplier aging — is especially valuable when cash flow is tight. You can refer to it to decide which invoices need to be paid first and which can be deferred, based on priority and available liquidity.

If you have recurring expenses or income — monthly fees, depreciation, prepaid expenses, property rent, and the like — there's no need to re-enter the same data every time.

Simply create a single payment or receipt entry, mark it as recurring, and set how often it should repeat.

Tranquil's financial management system lets you generate all of your company's recurring payments and receipts at the click of a button.

While the initial setup takes a little time, it saves you hours of work down the line — eliminating repetitive, tedious manual tasks for good.