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Accounting Finance Management System

Accounting Finance Management System

Being one of the top software development companies in London, NiziSolutions UK has amassed the substantial knowledge and technological know-how required to create the greatest Accounting Financial Management System. Using an accounting finance management system, you can better manage your workforce. Those who fit the corporate culture, for instance, will be happier, stay longer, and be more productive than those who do not. This is why it is important to seek for them when hiring new employees for a firm. The following features are included in our accounting finance management system.

Sales And Accounts Receivables

  • Open Customer Accounts and Customer Branches
  • Make Sales Areas, Sales Types, Sales Groups, Salesman Groups
  • Make Sales Groups for grouping Customer Branches
  • Prepare Sales Quotations (with inquiry and creating of Sales Orders)
  • Prepare Sales Orders and Goods Delivery Notes
  • Prepare Customer Invoices and Credit Notes
  • Make Batch Invoicing for more than one delivery order.
  • All of the Sales documents are completely editable and printable
  • Point of sales definitions for better handling of cash sales
  • Customer Payments and Allocations
  • Company logos can be attached to sales documents
  • Dimensions can be selected for Sales Delivery and Invoices
  • Shipping Costs and Legal Text can be added to Invoices

Purchases and Accounts Payable

  • Open Supplier accounts
  • Make Purchase Orders, Goods Receival Notes and Payment Terms
  • Clearing of Goods Receival Notes
  • Entry of Supplier price lists & related conversion factor into purchase prices
  • Prepare Debit Notes and record Credit Notes from Suppliers
  • Supplier Payments and Allocations
  • Company logos can be attached on documents
  • Dimensions can be selected for Purchase Orders and Purchase Invoices
  • Option of attaching scanned documents with transactions

Inventory and Stocks

  • Record Stock Items
  • Define Item Categories and Item Locations
  • Record location transfers and other adjustments
  • Set re-order levels for Inventory Items
  • Automatic calculation of average material cost (per unit)
  • Application of standard and overhead costs, into material prices
  • Quantity of Items can be measured into standard units
  • Foreign codes registration for barcode scanner entry

Manufacturing

  • Prepare bills of materials, Work Center inquiries and Work Order entries
  • Feasibility of adding advanced production and simple assembling features

Fixed Assets

  • Fixed Assets Purchase
  • Fixed Assets Location Transfers
  • Fixed Assets Disposal
  • Fixed Assets Sales
  • Fixed Assets Movements
  • Fixed Assets Inquiry
  • Process Depreciations
  • Locations, Categories and Classes

Dimensions

  • Two level of Dimensions are possible. You setup this in Company Setup.
  • Two levels could be: Departments, Cost Centres.
  • One level could be Cost Centre or Project.

Cash and Bank

  • Open Bank and Petty Cash Accounts
  • Record payments, deposit and withdrawals in related accounts
  • Various currencies can be added and foreign currency translation is also done
  • Record bank enquiries and reports
  • Prepare bank accounts reconciliation
  • Transactions can be made void and reprinted

  • General Ledger

    • Open general ledger accounts, account classes and groups
    • Record journal entries and budget entries
    • Generate ledger accounts detailed enquiries with drill down reports
    • Make journal enquiries with an option to view journal entries
    • Closes the fiscal year and brings forward retained earnings
    • Record depriciation entries on period based
    • Make journal entries with corresponding entry in supplier / customer account
    • Filter General Ledger reports by dimensions
    • Quick entries (preset GL transactions) in bank deposit/payment, journal entry and supplier invoice/credit

    Reports

    • Print, Email and Convert into PDF; all the reports
    • Export the reports in MS Excel/Open Office Calc format
    • Generate reports on periodic and financial years basis
    • Email documents directly to customers
    • Make graphical analysis (Horizontal/Vertical Bars, Dot Lines, Pies and Donuts)
    • Tag and save report selections

    Access Levels and adaptations

    • Different companies can be set-up simultaneously
    • Separate financial years can be created and closed against entries
    • Multi user access with different privileges
    • Make backups and restore for companies
    • Date Picker with week numbers for all date fields
    • Simple Audit Trails
    • Extensions for customizing menu tabs and applications

Advanced Features

Multi-Currency Support

  • Historical Currency Rates
  • Multi-Currency Bank Accounts, Customers And Suppliers

Advanced GST/VAT handling

  • GST/VAT can be selected on Customer, Supplier and Item basis
  • Advanced GST/VAT report for details and outputs/inputs

Language Support

  • Full support for localization by the GNU’s gettext package
  • Multi language support with right to left support in Arabic language
  • Different chart of accounts can be installed and activated
  • Jalali and Islamic calendars are supported

Other Details

  • Every document can be emailed and printed simultaneously
  • PDF can be formatted for every document
  • Projects, Cost Centers, Departments can be added, using Dimensions

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