The Finance module increasingly simplifies the complexities of the finances of the company with utmost security and confidentiality of the data it handles. This module is highly adaptable and user friendly, at the same time can handle all complex financial equations. Finance is linked with oyher modules such as Cargo Management, Payroll and Warehousing. There are many options and reports available in the module to facilitate maximum flexibility for users.
Some of the salient features of module
- Cash flow and Fund flow option
- Multi currency
- PDC and Recurring PDC facility
- Recurring JV facility
- Drill down reports
- Cost centre sub cost centre facility
- Gross profit analysis
- Previous Period locking
- Multiple cheque deposit facility in a single transaction voucher.
- Duplicate Reference number warning.
- Voucher auditing can be enabled using a control parameter
- Voucher auditing notification through mail can be enabled.
Customer Balance on Invoices
A customizable option- Customer balance on the quotes, orders and invoicing screen traceable also Customer’s current balance credit limit and credit status can be viewed.
Tracking Payment Outstanding
An easy access to track the outstanding payments from your customers is made available in this option.
Customer Outstanding Statements
Detailed customer outstanding statements can be generated for follow-ups and actions.
Receive Payments (Bank and Cash)
Each invoice which you raised against a job can be tracked until you receive it. Paid invoices will reflect in your balance.
Service tax calculation can be enabled by customizing a function in the finance module.
Vouchers can be cancelled by authorized people with a setting within the security region. Certain rules pertain to cancellation though. Already allocated vouchers and vouchers for the closed financial year cannot be cancelled. Canceling a voucher in the present year will generate an audit entry in the database along with a mail notification to specified users through email.
Vouchers can be made audited from the starting of its creation; users will never be intimated regarding the same. Auditing reports can be taken from the system with many filtering criteria.
Balance on Screens
Customers or suppliers balance can be seen from the respective screens. This option is customizable using a security parameter.
Offline and online allocation of vouchers
Vouchers can be allocated against invoice through online method or offline method. Offline method is also called as bulk allocation. Unallocated vouchers will appear in the outstanding statements.
More than 60 reports are available to analyze, track, forecast and budget your finances and get the critical information for your business’s success.
The system will automatically close the financial year and will create a new financial year for you. While doing the critical job of closing your fiscal year follow the steps prescribed.