General Accounting Module

General Accounting Module

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.

Configure your GL in a hierarchy to n levels.

These are areas in the Accounting Module:

• Managing the Chart of Accounts shows how the chart can be shared across Business Entities explains the management of Financial Years
• Multi-Foreign Currency Transactions for purchases and sales allows suppliers and customers orders, invoices and payments to be in foreign currencies.
• Creating and Managing Bank Accounts shows setup how to use bank accounts and merchant accounts including import of bank statements, fuel cards and other business credit cards.
• GST Explorer shows the BAS elements with ability to drill to related journals
• General Journals, Journals Templates Training, Shows how journals are created including from excel and templates.
• The concept of Control Accounts - no user can post to these accounts directly (eg COGS)
• Standard Financial Reports include Balance Sheet Report, Profit and Loss (Monthly) Report, Profit and Loss Report, 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 Batches to batch transactions together for many purposes example single payment to the bank across multiple suppliers.
• All accounting is visible based on role on the related transactions
• Follow Setting up new Companies (new ABN's known as Host Company) 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
• Branches
  • each journal has a branch to allow branch based reporting.  Central users can see across branches, branch users see only their branch
  • Each employee, customer, supplier, asset is linked to a branch