General Accounting

It comprises of the following modules:
- General ledger
- Accounts Receivable
- Accounts Payable
- Interface with other system
- Cheques printing
- Management Reporting
- VAT
- Allocation vouchers / Standard vouchers
- Bank reconciliation

Key Features, procedures and best practices:
• Fully password protected for best security
• Fully integrated thus eliminating lengthy interface procedures
• Abides fully with the International Accounting Standards
• All codes can be listed through list of values
• Chart of Accounts is user defined according to each customer’s needs
• Accounts can operated in multiple currencies
• Full debtor /creditor details can be entered
• Debtors / Creditors – Open item or balance on account method
• User defined Document Types
• User defined Financial Periods
• Uses the “double entry” method of posting which ensures that ledger is always balanced
• Transactions are posted real-time thus ensuring fast input and books update
• System holds balances both for posting accounts as well as categories
• Full transaction audit trail
• Full Vat handling including printing of the VAT form as sent by the VAT Department
• Budgets are entered in the system for each financial year and are used for reporting
• Opening balances are transferred automatically from the previous financial year
• Cheques printing facilities
• Flexible Report Generator (Profit and Loss / Balance Sheet / Analysis)
• Prepayments can be handled through the Allocation Vouchers
• Standard entries can be handled by the Standard Vouchers
• Bank Reconciliation can be done through the screen. Print report of unpresented cheques
• More than 60 ready made reports are available to the users
• The General Accounting system interfaces with other systems thus avoiding duplication of
information