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Financial Accounting Module

Introduction
This module of the software will take care of all accounts related entries and their impact on the whole system. How the finance comes and how it is been utilised. Total flow of money (Cash/Bank) and total expenditures will be reflected here. As an after effect of this, the management will be able to take their important financial decision, Budgeting etc. They can come to know about company’s financial position at any point of time. All sorts of important financial reports i.e. Trial Balance, Trading A/c, Profit & Loss A/c, Balance Sheet, Debtor’s Balance, Creditors Balance, Cash/Bank Fund position and many more are covered in this module.

The Accounting Module is completely Transaction based unlike journal based. This implies most of the accounting functions are handled through relevant transactions in other Modules thereby saving lot of time. The Module contains complete functionality required for any Accounting Department right from vouchers to the Balance Sheet and Profit and Loss Account.

Overview
The function of this module starts with accounts creation. External departments like marketing or purchase will create some of those accounts. Apart from regular voucher entries this module will help the authority as well as other departments by providing financial figures. Final accounts will be generated from this module. Documents like Receivable and Payable statements are generated from this module. This module bridges between Sales & Procurement processes. All figures will be protected under password. Only authorized person will be eligible to access information from this module.

the various input transaction such as Voucher Entry, Credit/Debit entry, Cash/Bank receipts, Cash/Bank Payment, Bank Reconciliation statements, Bill verification etc. Then finally different types of financial reports, which can be of various types according to specified company standard.

Overview

• Full featured accounting module
• All Financial transactions
• Posting all types of vouchers
• All tax effects like VAT, TDS etc. taken care of
• Payment processing and maintaining all payment related details for payments made to various parties
• Approval and Workflow system for all out going payments
• Integration with Sales, Purchase and Inventory Management
• Purchase invoices linked to Goods Receipt and Purchase Orders
• Automatic generation of sales invoices on sales booking
• Tracking and linking all incoming payments against sales
• generation of Trial Balance and Period-end balance sheet and P&L Statements

Features Overview

• General Ledger
• Account Receivable / Payable
• Post Dated Cheques
• Costing
• Budget
• Tax Accounting (ST, Excise, Octroi, Duty etc.)
• Voucher Entry -- Authorization -- Payment
• Budget Check/Control
• Bank Reconciliation
• Provision Account On Line / Off Line
• Strategic Business Unit (SBU) Accounting Generating SBU level Trial Balance, P & L A/c., Balance Sheet
• Consolidated P&L and Balance Sheet for Group Companies
• Sales Tax Set Return
• Captive Capitalization
• Inter Company Fund Transfer
• Agent Account (including Consignment Agent and other agents)
• Integration with Inventory & Payroll
• Transaction History Log
• Cash Flow - Actual & Projected
• Customer - Currency Assignment
• Reversal of Voucher
• On Account Adjustment Against Bill
• Party Credit Days & Credit Limit control for Credit Management
• Cheque & Bank Payment Advise / Voucher Printing
• Multiple Level Trial Balance
• Multi Currency Payment / Receipt
• Analysis Module