ERP Financial & Accounting Overview
Multi-Company: If you are operating your business in more-than one name, it is always a challenge to know overall position. With Accounts ERP, when a ledger is created or updated in one entity, it is automatically updated in all sister-concerns. You can see the total business done and outstanding amount of any customer / vendor, for all business entities or any specific entity. Profit & Loss statement, Balance sheet or any other statement can be generated without worrying about ledger mismatch and without merging data.
Multi-Branch: For businesses operating from multiple locations, having factory and HO at different locations or chain of retail stores, it is always difficult to collect information at source, synchronize data and get real-time reports. Accounts ERP is a cloud-based software, which can be simultaneously used from multiple locations and data can be captured, analyzed and reported in real-time. This eliminated the need to merge or synchronize data and helps you take informed decisions with real-time data captured at source.
Accounting: Account Head and group masters, separate registers to record your purchases, sales, receipts, payments, Debit Notes, Credit Notes, Expense Register, Contra entries and JV (Journal Entries).
Recurring Vouchers: You can create templates for tasks that are repeated often, like recurring invoices, expenses, payments etc. Ex. Invoice for retainership or AMC, payment of rent etc. System will automatically alert you when the task becomes due and corresponding voucher can be created with a single click.
Document Management: You can attach supporting documents such as purchase bill or expense voucher to every transaction. This helps you quickly retrieve documents from any location without having to search through files.
Inventory: Inventory group and masters with registers to record items purchased, sold, goods returned Inward, goods returned outward, delivery challans, stock transfer between branches, location wise stock, serial number tracking, physical stock tallying, closing stock and much more .
Threshold Management: Every inventory item can have optimal stocking level (Reorder level / Minimum stock level / safety stock), meant to ensure you don’t run out of inventory. Accounts ERP can generate reports for items which are below minimum stock level and send automated SMS and Email alerts to branch managers and management.
Bar Codes / POS: Customized Bar-codes can easily be generated from the software and can be used with bar-code readers for invoicing at retail counters. This can also be used for tracking serial numbers and matching physical inventory.
Production: Bill of Material for standard consumption and production register for manufacturers with consumption analysis and tracking. Production can support multiple products. It automatically computes consumption based on BOM and allows user to specify actual consumption, along with the reason of variation.
Order Processing: With Accounts ERP you can monitor all sales order created by your sales team, analyze items to be purchased based on orders-in-hand. You could quickly raise PO and Sales Invoices based on Sales Orders and analyze orders which can be fulfilled based on stocks available.
Bank-reconciliation: is used for matching your balance as per accounts with actual bank balance, to account for cheques in clearing. Accounts ERP allows you to quickly reconcile with a single click per transaction and automated date entry. You can also upload your bank statement in format and quickly match existing entries or create new entries with minimum effort.
Finalizations: Accounts ERP is a complete accounting