Department : Non-Academic

Hot Keys : Save-Ctrl+S

Modules : Admin

Preface : As soon as org chart and roles are mapped the next important mapping and definition is Chart of Accounts. The heart of every ERP system is accounting and all Account Receivables / Payables irrespective of modules implemented should be tracked. Each company depending on legacy and statutory needs follows an accounting template. Advisors such as accountants and audits define the processes how monetization needs to be tracked and accounteds

Scope in the current context : Opetus allows user definable Chart of accounts (COA). This is primarily due to various accounting practices followed and how funds need to be reflected / manipulated to achieve desired p & L results changes as per customer

Description :

Opetus design allows mapping of functional entities or any master element to be mapped to COA. Hence fees, miscellaneous collections, services, salary scales, taxes etc… need one time creation and mapping as per application life cycle. COA accounts are global but each company / location specific linking should be done once for facilitating transactions. This feature allows to have and manage common debtors/creditors and cumulative MIS across companies, locations and accounting years Cumulative or separate budgets, common bank trust accounts, suppliers helps track expenses and eliminate unnecessary grouping. Accounting data can be exported into various formats or if needed web services can be used to push / pull transactional data