Sale Invoice
Sundry Debtors (Customer)
Sales
Tax
Excise
Discount
Cr
Payment Receipt
Cash/Bank
Sundry Debtors (Customer)
Cr
Dr
96
80
4
16
4
Dr
96
96
Requisition
Anticipated Stock-In-Hand
Anticipated Consumption
Indent
Cr
Dr
100
100
Cr
Issues
Anticipated Stock-In-Hand
Anticipated Consumption
Stock-In-Hand
Consumption
Cr
Dr
100
100
100
100
Dr
Fixed Assets
PO
Anticipated Stock-In-Hand
Anticipated Liability
Cr
GRN
Liability for Goods Supplied
Stock In Hand
VAT
MODVAT
Anticipated Stock-In-Hand
Anticipated Liability
Cr
Straight Line Method
WDV(Written Down Value)
Dr
100
100
Dr
100
Anticipated Liability decreases and Actual Liability Increases
80
4
16
Anticipated Stock-In-Hand decreases and Actual Stock-In-Hand Increases
100
100
Supplier Invoice
Suppliers
Liability for Goods Supplied
Cr
Payment to Supplier
Cash/Bank
Supplier
Cr
Dr
100
100
100
Cr
Credit Note
Sundry Creditors (Suppliers)
Liability for Goods Supplied
Cr
Cr
Payment Receipt
Cash/Bank
Sundry Debtors (Customer)
Cr
Dr
96
80
4
16
4
Dr
100
Debit Note
Sundry Creditors (Suppliers)
Liability for Goods Supplied
Sale Invoice
Sundry Debtors (Customer)
Sales
Tax
Excise
Discount
Dr
100
100
Dr
100
100
Dr
96
96
GL Module Main Feature
Chart of Accounts
Calendar
Currency
Set of Books
Periods
Jounals & Posting (Recurring,Mass)
Translation
Conversion, Revaluation-Revalue a/c in foreign currency & book profit/loss on Foreign Exchange
Budgets
Consolidation
GIS(GloBal Intercompany System), GCS(Global Consolidation System)
Inter Company Accounts
Encumberance Accounting--(Requisitions, PO a/c entries for Budgetary control & Forecasting)
Cash Management
Managing, Entering Bank Statements & Bank reconcilliation
Forecasting Cash Flows Based on Forecasted Transactions Like Outstanding Orders, Invoices
Cash Positioning
Maintaining Bank account signing Authority
Bank Account Balances & Interest Calculations
Cash Transactions
Fixed Assets
Asset Setup
Asset Maintainance
Asset Retirement
Asset Depreciation
Creating Accounting Entries
Capital Budgeting
Tax Accounting (Income tax implication due to Depreciation)
& book profit/loss on Foreign Exchange
ation System)
for Budgetary control & Forecasting)
ns Like Outstanding Orders, Invoices
Also With Historical Data.
AR Module Main Feature
Customers (Ship-to,Bill-To,Credit Policies,Ageing,Dunning-Letters to customers about Inv
,Dr/Cr Notes, Out-standing Balances etc.)
Payment Terms, Credit Limits
Receipts
Bank Receipts
Invoices (with Installments)
Credit Memos
Auto-Invoice (for Importing invoices,Cr/Cr Notes from Other Systems)
Adjustments to Invoices, Dr/Cr Notes
Chargebacks
Auto-LockBox
Accounting for Receivables
AP Module Main Feautre
Suppliers(Add, Merge, find,Tax,Excise Range etc.)
Employee Details (for Cash purchases)
Invoices (Entering,Importing,Invoice Matching with PO,Receipts)
Invoice Approval Workflow, Holds
Invoice Costs Allocation--If use Cost Management
Recurring Invoices, Adusting Invoices
Credit/Debit Memos, Foreign Currency Invoices
Freight on Invoices, Recoverable Taxes
Taxes,With-holding Taxes
Payment Terms,Ageing Periods
Holds, Tolerances
Banks, Bank Accounts
Payments,Refunds
Depreciation Entry on last day of the Year
Depreciation expenses
Accumulated depreciation
Dr
Cr
1000
1000
