| GL
is designed to be used either on its own or to be integrated
with the other MIS modules - FA (Fixed Assets), AR/AP (Accounts
Receivable & Accounts Payable), PIPS (Personnel Information
and Payroll System), REMS (Real Estate Management System),
...etc.
Major
Features:
- Maintain
user-defined and system-defined codes.
- Maintain
multiple companies, each having multiple branches.
- Support
user defined complex layouts of financial statements (Profit
and Loss, Balance Sheet, ...)
- Provide
a flexible parametric set-up of the system depending on
the company business rules and requirements.
- Support
multiple currencies.
- Support
foreign currency revaluation.
- Support
on-line financial inquiries and reports.
- Store
accounting years as calendars divided into periods.
- Saintain
multiple open years.
- Provide
the basis for analysis by account, cost center, and/or activity.
- Facilitate
control on third party through accounting by auxiliary.
- Assist
the user defining chart accounts, providing the facility
to automatically create charts based on structures of accounts.
- Support
and controls accounts indicated to be offset accounts. The
offset report showing counter-balances for these accounts
may be generated upon user request. The system enforces
a “one-debit-many-credits” or “one-credit-many-debits”
policy on such accounts, when they are debit or credit,
respectively.
- Support
open voucher types.
- Perform
automatic voucher numbering.
- Accept
manually entered voucher numbers.
- Support
formula-based accounting transactions. In other words, it
automatically creates transaction details, relying on pre-defined
distribution rules (including indications to chart accounts
being debited/credited in certain ratio).
- Group
transactions in batches in order to help identify specific
sets of vouchers or accounting transactions.
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