||||| Financial Management
The general Ledger is the
hub of the program. All modules are seamlessly integrated to the
general ledger, updating it directly as transactions are saved.
You can also enter adjustments in base or foreign currencies directly
into the general ledger using user-defined journal codes.
Fast
and Simple Financial Year Setup
Financial years and
opening balance date can be set up in a few simple steps. You can
maintain up to a maximum of three open financial years in the system.
Each financial year is divided into twelve periods and there is no need
to close a current year before proceeding to the next.
Flexible Chart of Accounts
e-Solution Financial uses
hierarchical structured chart of accounts to facilitate structuring of
the accounts and to provide room for addition of new accounts. Due
to its tree-like structure, accounts become more manageable as the
entire branch can be moved to a new node very easily. Subtotals can be
obtained at the nodes, providing convenience to report writing.
You can set up general and
detailed accounts in multi-currencies, comprising standard account,
control accounts, special purpose accounts such as bank, fixed assets.
Quantity tracking can also be set up to track quantity/statistical
information on certain standard accounts.
Recurring Transactions
Recurring transactions
help to reduce data entry task as the program can generate predefined
transactions at the request of the users.
Transaction Auditing and Approval
For added security, you
can place restrictions to posting using the transaction auditing and
approval feature. Only transactions audited and approved by
designated users can be posted.
Financial
Reports
You can print draft
financial reports (balance sheet, P&L and trial balance) with un-posted
transactions at any point in time, as well as at the end of the
financial year, before closing the books.
Hassle-free Year-end Procedure
e-Solution Financial
requires no complicated steps to perform year-end closing. By
following the sequence of tasks presented in the menu, you can get the
program to complete the year-end adjustment entry of transferring excess
(or deficit) of income over cost of goods sold and expenses to the
current year earnings account. Opening balances in the GL, AR and
AP for the next year are also prepared by the program automatically.
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