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. 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 be shared across Business Entities, Financial Years and Period Management
- Multi-Currencies for purchases and sales
- Bank Reconciliation process and import of bank statements
- GST Explorer shows the BAS elements with ability to drill to related journals
- General Journals, Standing Journals, for accounting purposes
- The concept of Control Accounts - no user can post to these accounts directly (eg COGS)
- Standard Financial Reports including 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
- 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
- You can build your own management reports using Design PL Report - putting the accounts and calculations as you wish to see them
- /wiki/spaces/SI/pages/33055071 for the financial year across the business in a top down / bottom up process across Revenue and costs that results in a "Fully Loaded Cost" value at the Article level.
- see GL Menu to navigate
Centralised Departments (Branch Accounting)
The Accounting function is commonly working across multiple branches in the organisation that have information separated for reporting purposes. Central departments are also required that can access information across the branches for collections, account management and other functions as they work. Key users can have Roles that allow cross one or many branches to simplify centralised activities.