Accounting Management System

Accounting Management System

Accounts Receivable (AR)

• Manage and track customer invoices and outstanding balances.
• Issue and send Monthly Statements to customers, improving cash flow visibility and collection efficiency.
• Record and reconcile AR Payments by Account to maintain up-to-date customer ledgers.

Accounts Payable (AP)

• Record and manage supplier invoices and payment schedules.
• Track PO (Purchase Order) by Account to monitor procurement expenses.
• Process and record AP Payments by Account, ensuring timely and accurate payments to suppliers.

Journal Entry

• Create and manage detailed journal entries to support all financial transactions.
• Post adjustments and corrections as needed, maintaining an accurate audit trail.

GL Account No. Setup

• Configure and manage GL Account Numbers to provide a structured chart of accounts.
• Support multi-level account hierarchies for better financial reporting and control.

Financial Reporting

• Generate comprehensive Income Statements to analyze profitability over specific periods.
• Produce Balance Sheets to present the company’s financial position at a given point in time.
• Access Journal by Account reports for a detailed view of transactions impacting each account.