With most of the multi-location businesses, the business processes are distributed across multiple locations. This Finance and Accounts module supports secure, cost effective, robust, accurate and reliable execution and management of distributed business processes as per the business policy and operating procedure of a company.
Key Features
Provides multiple companies to have their own chart of accounts, group & ledger categories, cost centre, etc.
Group & Ledger can be global in scope of local, depending on the need. Ledgers can also be merged centrally for consolidation purposes.
Easy & simple voucher entry screen available in single entry mode for novice users & double entry system for professionally qualified accountants. Master is also available for narrations & capturing the narration in every voucher.
Supports user specific classification of groups, ledgers & vouchers for reporting purposes.
Supports multiple named budgets to capture budget for every business scenario anticipated.
Supports Multiple configurations for budget to capture the period for which budget applies, how the accrued amount for a budget is to be arrived at for verification at the time of voucher entry, etc.
Control voucher entries through monitoring & approving the vouchers.
Unique packing hierarchy supports multiple packs & automatic packing unit conversion during inventory transactions.
Centralized Bill-wise Payments for suppliers & customers.
Centralized bank reconciliation management supports accounts in multiple bank branches of the same bank.
A/R & A/P Management includes a comprehensive cheque management module where the status of cheque issued & cheque received can be tracked till bank reconciliation.
Facility to enter cheque bounces from the HO where the cheque payment entry is done in any of the locations.
Supports Cheque book maintenance & cheque printing.
Create Financial Reports for all accounting operations like Day Book,Cash Book,Sales Book,Purchase Book as well as advanced financial reports such as ledger reports, group reports, cash flows, budget reports, etc.
Supoprts comprehensive reporting to manage accounts payable and accounts receivable including age analysis, graphs, charts, etc.
Get Trial balance, Balance sheet and Profit & Loss accounts location-wise, consolidated [all locations] & grouped [of specific locations].
Supports supplier payment day configuration & payment planning.
You can do bill by bill adjustment including the settlement discount, other discount & charges accounted for in the right ledgers. Easily track & follow-up on the breakage, damage, expiry, non-moving, other returns and also the other credit notes from the supplier.
Facilitates complete tracking of payment pending to cheque preparation, printing and issue to supplier and bank reconciliation.
Set Alerts for payments & collections, outstanding.