Financial Accounting System

Product Description

Listed below are some of the basic features of our Financial Accounting System: General & Inter Branch Transactions. Budgeting, Approval & Authorization System. Bank Reconciliation System. Cheque Tracking System. Fixed Asset System. Prepaid/Accrual System. Reports. Locks & Controls. General & Inter Branch Transactions All the general transactions in financial accounting can be done through the General Transaction Screens provided in the application. We have got the provision to make inter branch receipt/payment also. We have incorporated control in accounting backdated vouchers. Cash & Bank Transactions. Inter Branch Transactions. Journal & Contra Entries. Provision to make voucher cancellation. Provision to make back dated entries with prior approval. Clearing cheques. Processing of bounced cheques. Budgeting, Approval & Authorization System This system gives a total control of all transaction made by the user. We can fix budget for each accounts and a control is fixed to check for the amount involved in the transactions with the budgeted amount. When ever amount is fully utilized from that account, additional amount can be allotted through the Request, Approve & Authorization process. Listed below are the key features of the system: Define Budget Accounts. Define Exceptional Accounts. Set Account wise budgets for Branches for a month/financial year. Provision to edit budgets. Define users for Approval/Authorization. Define Request types which can be mapped to the accounts during authorization. Set slabs for Request Approvers. Define Request Approvers and Authorizers. Provision to put Transaction request if the amount exceeds the budget amount. Approve, authorize and process transaction requests. Bank Reconciliation System This system provides a solution for manual bank reconciliation, with a facility to load bank statement files. A control can be set for each bank by which bank accounts can be frozen if routine reconciliation is not done in time.