Finance and Accounting Module

An integrated accounting module that manages all aspects of the association's finances, from basic preparation and daily entries, to managing accounts receivable and creditor accounts, to issuing financial reports and annual closings. This ensures data accuracy and compliance with accounting standards.

Accounting and General Ledger Basics

- Chart of Accounts Guide: Complete flexibility in designing and modifying the chart of accounts to suit the nature of the association's work.
- Fiscal Years and Periods: Manage fiscal years and periods with the ability to open and close them.
- Journal Entries Management: Record and review all journal entries with easy tracking.
- General Ledger: Provides a comprehensive overview of all accounts and their transactions.
- Fiscal Year Closing: Integrated tools for implementing the fiscal year closing process and carrying over balances.
- Currencies: Support for dealing in multiple currencies.

- Revenue and Accounts Receivable (A/R) Management
- Accounts Receivable Management: Accurately track customer and donor balances.
- Vouchers Receivable: Issue and manage vouchers for all revenues.
- Integration with Donation Channels: Automatically connects with donation systems to record revenues directly into the financial system.
- Standing Order Management: Track and track bank deduction orders and recurring donations.

- Standing Order Reconciliation: Tools to facilitate the matching and reconciliation of standing donations.
- Advance Revenues: Processing revenues received in advance and allocating them to the due dates.
- Expenses and Accounts Payable (A/P) Management
- Accounts Payable Management: Tracking supplier invoices and receivables.
- Purchase Invoices: Recording and tracking the entire purchase invoice cycle.
- Disbursement Vouchers: Issuing and managing disbursements for all payments.
- Financial Trust Management: Tracking and reconciling trusts submitted to employees.

- Advance Expenses: Processing prepaid expenses and allocating them to the due dates.
- Cash, Banks, and Reconciliations
- Bank Account Management: Recording all of the association's bank accounts.
- Bank Reconciliations: A tool for easily reconciling bank statements with transactions recorded in the system.
- Payment Methods: Define and manage different payment methods (cash, transfers, checks).
- Check Printing: Design and print checks directly from the system.

- Advanced Financial Management and Reporting
- Budget Management: Preparing estimated budgets and comparing them with actual performance.
- Asset Management: Tracking the association's assets and automatically calculating their depreciation.
- Inventory Accounting: Valuing inventory and recording related accounting entries.
- Tax Management: Preparing and managing taxes (such as value-added tax) in accordance with regulations.
- Accounting Reporting: A comprehensive set of financial reports such as balance sheets, income statements, trial balances, and cash flow statements.