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.

These are areas in the Accounting Module:

• Chart of Accounts shows how the chart is a hierarchy to n levels, can be shared across Business Entities and 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 example 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