Financial Accounting Module

  • Flexible Chart of Accounts coding structures Balance Sheet and Profit & Loss Account classifications are independent of the account codes.
  • Fiscal Year and Period control on postings
  • Multi-branch accounting and consolidation at company level
  • Multi-currency definition with exchange rates specification and auto handling of exchange gain/loss on transactions.
  • Cash Journal (Petty Cash) entry
  • Bank Transfer entry
  • Budgeting
  • Multi-currency receipting/payment processing along with approval over workflow and cheque printing
  • Journal voucher postings
  • Comprehensive Customer and Vendor Data management
  • Credit Management policy definitions
  • Flexible Payment Terms definition for vendors
  • Withholding policy definition and auto calculation and posting on transactions.
  • Invoice Scheduling and withholding on payments definitions
  • Flexible Payment Terms definition for customers
  • Multi-dimensional reporting
  • Recurring Documents Specification
  • User definable financial report specification for P&L Statements and Balance Sheet reports
  • Standard Trial Balance Report and Statement of Accounts report
  • Multi-level dunning (reminder letter issue) definition and run option
  • Standard customer/vendor ledger reports, customer statement Printing, customer/vendor aging reports etc.
  • Bank Reconciliation