Full fledged accounts supporting various transactions like Bank / Cash Receipts / Payments / Withdrawals / Deposits / Transfers, Journal Vouchers, Debit / Credit Notes, Reconciliation’s, Account / Transaction Freezing, Sales / Purchase, Taxations, internal / external audits, Credit controls, Bounced Cheques, Modes of payments, Multi Currency, Adjustment bills and user definable transaction types. All reports from basic listing till Trial Balance, Profit and Loss statements and Schedules supported.
Features
- Multi-Location / Company / Division / Cost Center accounting with consolidation at all levels.
- Supports Multi-Currency transactions and real-time currency rate tracking
- User definable accounting periods supporting open year option
- Template based Chart Of Account supporting unlimited user definable Sub-Ledgers
- Graphically represented account attributes visually enables execution of standing instructions
- Tracking and Auditing of accounting instruments like cheque books
- Tracking and Auditing bounced instruments across transactions with revisions
- Facility for accepting post dated instruments with intelligent reminder events
- Supports suspense and password protected accounts
- Complete audit trail for all transactions track able as per user, date and time stamp
- Accepts only balanced entries with real-time updates of balance sheet or P & L
- Supports inter-company transactions hence saves a lot of double entries
- Supports account grouping across companies makes common debtor / creditor tracking easy
- Supports combined credit limits across inter-company accounts
- Supports hierarchal cost centers with analysis across various projects / events
- Supports projects / events definition, budgeting, planning and cost distribution analysis
- Supports interface with devices like credit / smart cards
Compliance and integration
The financial accounting module consists of General Ledger, Accounts Receivable, Accounts Payable, Budgeting, Analysis and Reporting. This module can be linked with any application specific modules such as Order processing, Inventory, Fixed Asset Management, Manufacturing / Production Planning, HR & Payroll, Event Management. All reports follow international GAAP standards and can be customized as per client specific accounting practices and processes followed. The module supports a wide variety of templates and transactions to manage company process flow tracking accountability of various transactions happening across departments.
Complies with Generally Accepted Accounting Principles (GAAP). Offers double entry (due to / due from) accounting and automatically tracks all postings. Allows instant inquiry of assets, liabilities, and fund balances revenue and expenses. Ability to compare current year activity to previous year at a glance. All sub-modules are fully integrated into the general ledger and budget preparation system eliminating manual posting. All detail transactions posted to the general ledger are recorded on the history file allowing you to audit, in detail, every account on the general ledger. Narrations can be entered for every element / sub element of each dimension of the account number eliminating inconsistencies and reducing data entry and errors. Retains summarized account activity real time. Facilitates budget preparation, requisitions with multiple level of approvals, automatic purchase orders, accounts receivables / payable, inventory / fixed asset control, cheque printing, cheque book auditing etc…
Reports
Summarized / detailed reporting on every type of accounting transaction, receivable, payables, outstanding, aging, sales / purchase, debit / credit note, budgeting, reconciliation, consolidation of multiple ledgers by accounts / transactions, etc…