Comprehensive and versatile software equipped with deep functionality and superior usability for all your core accounting and enterprise requirements. It serves transactions dealing with general ledger, account payable/receivable and bank reconciliations with fixed assets as add-in. Since this module is closely integrated with other modules, all the commercial transaction information is updated automatically and immediately.

Product Highlights:

• Chart of Accounts
• Multiple Book types for different transactions (e.g. payments, receipts, vouchers) with user privilege settings
• User defined book templates for storing predefined voucher details for book types
• Multiple cost center definitions with provision to automatically or manually distribute cost center allocation
• Maintain customers, accounts receivables and customer statements
• Manage suppliers, bills, accounts payables and purchase orders
• Transactions can be locked up to a certain period after audit in order to prevent modifications
• Attachment of relevant documents (softcopies) with vouchers and journals

Core Functionalities

General Ledger

General Ledger is the heart of any integrated accounting system. It allows you to monitor your assets, liabilities, net worth, fund/cash flows, income, expenses and budget

• Cash receipt and payments
• Bank deposits and payments
• General Journal/Contra
• Sales/Purchase Journals
• Credit/Debit notes
• Recurring Journals
• Maintain monthly, quarterly, half-yearly and annual budgets
• Batch mode processing for recurring transactions by monthly, half-yearly and yearly
• Bank Reconciliation helps to reconcile bank statements with General Ledger accounts giving details of cheques cleared, outstanding transactions etc.,
• Cheque printing for current payables and transactions with or without payments
• Modify previous transactions based on user privileges and audit lock
• Maintain records of returned cheques and redeposits
• Automated period and year-end processing
• Drill-down from reports to transactions (e.g. balance sheet to voucher)

Account Receivables

Accounts Receivable, manages your customers and customer relations by keeping track of sales information and outstanding balances. It provides all of the functionality needed to manage customer records.

• Complete integration with General Ledger
• Maintain unlimited number of customers with user defined account numbers
• Define credit limit and due date for customers with alert reminders
• Customer receipts and payments
• Sales and service journals
• Debit and Credit notes
• Adjust customer receipts and bills either fully or partially for bill wise outstanding management
• Period wise journal postings
• Drill-down facility to view customer account history
• Alert messages to notify the customers for overdue balances.
• Ageing Analysis

Account Payables

Accounts Payable consists of flexible accounting features to streamline your entire cash flow process, which facilitate fast entry of supplier invoices and cash disbursement.

• User defined account numbers with multiple number of suppliers
• Cash receipts and payments
• Credit and Debit notes
• Payment vouchers
• Purchase journals
• Facility to force or withhold payment of individual transactions, thereby controlling the maximum credit limit defined for each supplier
• Fully integrated with General Ledger
• Drill-down facility to view supplier account history
• Provision for period wise journal postings (e.g. loan installments)
• Maintain bill wise outstanding and Ageing Analysis

Inter Company Relation

• Manage & process General Ledger journal entries, Accounts Payable invoices, debit notes, and credit notes between inter companies
• Maintain individual cost center balances regardless of whether they are paid from a central checking account or individual cost center account

Fixed Assets

• Define multiple asset groups based on asset nature
• Maintain details about Annual Maintenance Cost / Warranty / Insurance for generating alerts and reminders
• Serialization provided for individual assets or assets in groups
• Acquisition of assets which comprises of asset identification number, cost, quantity, vendor, department & location
• Asset Appreciation helps to create a parent child relationship in case, a new asset is added to an existing asset
• Manage records of asset items split into several small assets
• Maintain details of assets which are sold/discarded thereby calculating gain or loss automatically
• Record details of assets transferred from one location to another
• Automatic calculation of depreciation of asset due to changes in depreciation rate or asset classification type using straight line or written down methods