Financials
Financials
The Financials module offers automatic and manual posting. It allows you to view suppliers' and customers' account cards together with their outstanding items. Furthermore, it offers you the option of displaying and subsequently printing payment order forms and payment orders, as well as various reports. Entries are posted to the general ledger as well as to subsidiary ledgers. The same could be done by using automatic posting.
What does the Financials module offer?
| Posting |
In manual posting to journal entries, debit and credit sides are compared on-the-fly and the current balance is shown. In this section two simplified functions for entering of invoices received and issued are described:
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| Automatic Posting |
Payables, receivables, POS invoices, item consumption, exchange differences, customs warehouse movements, cash transactions, and trips can all be posted automatically based on the defined account settings. |
| Overview |
It enables you to browse posted journal entries and general journals. |
| Close |
It enables manual or automatic closing of outstanding items on the basis of selected accounts or selected subjects, as well as closing of prepayments, rounding differences, cash discounts and set-offs. |
| Accruals and Deferrals |
It is module to create deferred costs and accrued revenues on the basis of posts. |
| Reports |
It enables financial reports, account cards, outstanding payments and other reports. |
| Special Reports |
Different reports as: Corporate Tax, Consolidation, Cash Flow Planning, Reports for Financial Institutions. |
| Fixed Assets |
It contains the Fixed Assets register, the Small Tools register, and depreciation and revaluation calculation. |
| Transactions |
It is used in creating payment orders, sending payment orders via e-mail or on diskette, settling posts and invoices, and foreign transfers. |
| Debt Collection |
It provides overviews of outstanding items and debt collection history. |
| Reminders |
The module is intended for the collection of overdue outstanding items at any defined time intervals, sending reminders to debtors via e-mail or mail. |
| Interest |
It provides custom calculation of interest, interest by documents and interest calculation by received payments |
| Cash |
It provides cash operations with reports and journals |
| Planning |
In the Planning menu you may (for now only) prepare business plan sections of the sales plan, cost plan, financial flow plan on the basis of data from the subject accounts/general ledger. Data from previous periods are used as a basis for planning. |
| Year-end |
By using it you can close account classes 4 and 7 in order to close the past fiscal year and open a new one. |
| Archive |
it enables you to save subject accounts to the archive, for which general journals and account cards can still be accessed. |