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Accounting is made easy with visibility of transactions across the system, powerful searches the ability to drill throughout the system and Reports to review performance of the business. You can configure your GL in a hierarchy to n levels with the ability to drag and drop branches in the system with the reports automatically updated.
These are areas in the Accounting Module:
- Chart of Accounts can shows how the chart is a hierarchy to n levels, can be shared across Business Entities , Financial Years and Period Management,
- Multi-Currencies for purchases and sales
- Bank Reconciliation
- GST Explorerand explains the management of Financial Years
- Host Company (your business/s) explains how to configure your organisation including Departments, Sales Channels and Branches with the associated Journal impacts and other company wide settings
- Branch visibility - Central users can see across branches, branch users see only their branch for Employees, Customers, Suppliers, assets, journals orders, bookings and many other items
- GL Control Accounts explains the GL Control Accounts including Tax, Sales, Purchasing, Stock and Manufacturing control accounts
- Foreign Currency Transactions (fx) explains Foreign currency purchases and sales orders, invoices and payments in foreign currencies
- Bank Accounts - Creating and Managing shows setup how to use bank accounts and merchant accounts including import of bank statements, fuel cards and other business credit cards, and how to manage foreign currency bank accounts.
- GST Explorer for BAS shows the BAS elements with ability to drill to related journals
- General Journals, Journal Templates, Shows how journals are created in the system including from excel and templates.
- Journals
- can be linked to Branches, Departments, Stock Articles, Services, Jobs, Projects, Companies, Persons, Other Journals, Promotions, Stock, Order lines and others depending on your configuration
- Department expenses simplifies cross department expense allocation
- Standard Financial Reports Module include Balance Sheet Report, Profit and Loss (Monthly) Report, /wiki/spaces/SI/pages/33054926, Trial Balance Report and GST reports.
- Banking Batches to batch transactions together in the system that are a single line on the bank statement or cash amounts collected from customers
- Journal Journal Batches to batch transactions together for many purposes
- All accounting is visible based on role on the related transactions
- Setting up new Companies (known as Host Company) in Expanz is easy when you expand or purchase another business
- You can use Design PL Report to build your own management report based on Accounts in detail putting the accounts and calculations as you wish to see them
- see GL Menu to navigateexample single payment to the bank across multiple suppliers
- Supplier Claims based on supplier funded promotions, Customer Returns, Stock Write offs for damaged or expired stock manages the claim process for Returns, Write offs and Promotions by Suppliers
- Follow /wiki/spaces/SI/pages/33054919 when expanding or purchasing another business
- Later if you plan to collapse ABN's into an associated company there is a process to manage that and keep history