Finance and Accounts
As (Financial Accounting Software) is an integrated accounting system which takes care of all business needs. It incorporates powerful features for maintenance of data related to general accounting, inventory control, portfolio management, export documentation, pharmaceutical stock maintenance, sales, purchases plus other facilities. It also provides reporting of the above for MIS, accounting and taxation purposes.
Workbench includes to-do lists and alerts based on user defined widgets. These alerts will be triggered by user selection for the desired application on what the user wants his attention to be focused on and will be routed from different financial applications.
General Ledger chart of Accounts
The chart of accounts maintains lists of accounts for an organization to manage its finances by segregating them into revenues, expenses, and assets to give clear understanding of the financial standing of the business. It also maintains an unlimited number of general ledger accounts and sub-accounts that are needed to prepare financial statements for assets, liabilities, expenses, owner's equity, and revenues for the company.
Maintains and retrieves business partners information for companies, vendors and employees including company details, employee details, account information, and tax details in one place.
Bank accounting transactions are automatically compared against sales and purchase documents and their payments are finalized through the banking gateway integration. Bank accounts can now be reconciled with your accounting books.
Journal Entry records the financial data from the various transactions based on G/L assignments. It is updated when journal vouchers are posted. Journal Entries can be adjusted during ledger reconciliations.
Receivables link to finance through logistic modules such as sales management and its payment realizations come from sales invoices. Also outstanding receivables can be viewed and workflow can be initiated so that pending payments can be received. It acts as a initiator and main link to dunning wizard which can be set up to send warning letters to vendors and helps decide preferred vendors.
Payables link Finance through logistic module such as Procurement management – and its payment realizations take effect from purchase invoices. Helps identify list of Payables which have status ‘open’.
Finance links with payroll to initiate payroll processing. Payroll maintains the salary details of all employees for payroll processing including the taxes, bonuses, net pay, deductions, and reimbursements.
Statutory reports show balance sheets, trial balance reports, profit and loss statements, sales reports, and spend analysis according to selected company code.