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This software is designed with the aim of providing
users with cost-effective, timely and informative computerized
accounting system. It is easy to use and avoids the tedious work of
summarizing and journalizing as well as the difficulties of extracting
reports. Finance Department just have to record their transactions
direct from source documents like payment vouchers, receipts, sales
invoices, bank deposit slips, journal vouchers etc. and the system does
all the journalizing and posting jobs by itself. Users will have easy
to use interfaces to record such transactions. They can also post
transactions and obtain financial status information through the same
convenient interfaces.
The system has its own modules that take care of cash & bank
accounts, sales, account receivables and accounts payables. It also
works interactive with the other systems and takes data from the
Inventory Control, Fixed Assets Management, and Payroll applications
without the need of journalizing transactions, thereby saving time
& cost and eliminating the risk of making errors.
Using this system, it is possible to close accounts at the end of
every month thereby making it possible to produce necessary interim
financial reports for management on time. The system will also enable
extracting the standard year-end financial statements, which can be
custom designed by the User.
The system enables Budget control at all stages while approving
disbursements and by way of periodic comparative reporting.
Features:
• Enables the Finance Department to divide the fiscal year
into 12 accounting periods
• Twelve additional periods of the succeeding fiscal year
can also be setup. This will permit normal processing of the activities
of a ‘New Year’ without waiting for the closing of a just completed
fiscal year. Closing of the completed fiscal year can be processed
alongside processing of a new year for up to twelve periods of a new
fiscal year
• Allows for quick and easy establishment of chart of
accounts with appropriate coding for each account including cost
centers, and allows editing and adding of accounts.
• Fully process transaction journals including capture
direct from source documents, listings for proof reading, editing or
deleting transactions and postings to journals and ledger
accounts.
• Incorporates Accounts receivables and Accounts payable
functions including aging of Accounts and producing periodic statement
of accounts.
• Allows the preparation of cash or credit invoices,
processes cash and bank account transactions and helps do
reconciliation of bank accounts.
• Captures and reports revenue and expenditure budgets by
cost center, and allow budget control activities.
• Keeps account and budget histories of an unlimited
number of closed fiscal years.
• The system can be setup such that transactions from
other modules, like payroll, fixed assets, Production, costing,
maintenance, sales and inventory systems are accepted very easily as
though they were prepared from within the accounting system
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