Financial accounting (whose full name is Financial accounting and inventory management) is an economic tool to account for the income obtained, as well as to subdivide into records the characteristics of each of those revenues.
In Financial accounting you can keep track of each of the sales made, as well as control the data of each invoice: invoice number, customer who is charged, name, unit, price, total, taxes, etc. With the total information of all the records you will have sufficient grounds to make decisions about the growth of the business / company.
Apart from the information on each invoice, Financial accounting has an inventory manager, report of taxes paid, sales made, annual financial balances, possibility of making backup copies, and so on.
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