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Accounting Document Overview

The document contains accounting entries for various business transactions like sales, purchases, payments, inventory, fixed assets etc. along with features of different accounting modules like general ledger, cash management, accounts receivable, accounts payable and fixed assets. It discusses entries for sales, receipts, purchases, payments, inventory receipts and issues. It also lists the main features of general ledger like chart of accounts, journals, budgets etc. and cash management features like bank reconciliation, cash flow forecasting. The accounts receivable and accounts payable modules features include customer and supplier details, invoices, payments, credit notes etc. Fixed asset module allows for asset setup, depreciation, retirement and accounting entries.

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anurg
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60 views5 pages

Accounting Document Overview

The document contains accounting entries for various business transactions like sales, purchases, payments, inventory, fixed assets etc. along with features of different accounting modules like general ledger, cash management, accounts receivable, accounts payable and fixed assets. It discusses entries for sales, receipts, purchases, payments, inventory receipts and issues. It also lists the main features of general ledger like chart of accounts, journals, budgets etc. and cash management features like bank reconciliation, cash flow forecasting. The accounts receivable and accounts payable modules features include customer and supplier details, invoices, payments, credit notes etc. Fixed asset module allows for asset setup, depreciation, retirement and accounting entries.

Uploaded by

anurg
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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Sale Invoice Cr Dr

Sundry Debtors (Customer) 96


Sales 80
Tax 4
Excise 16
Discount 4

Payment Receipt Cr Dr
Cash/Bank 96
Sundry Debtors (Customer) 96
Requisition Cr Dr Issues Cr Dr
Anticipated Stock-In-Hand 100 Anticipated Stock-In-Hand 100
Anticipated Consumption 100 Anticipated Consumption 100
Stock-In-Hand 100
Consumption 100

Indent Cr Dr
Fixed Assets Straight Line Method
WDV(Written Down Value)

PO Cr Dr
Anticipated Stock-In-Hand 100
Anticipated Liability 100

GRN Cr Dr
Liability for Goods Supplied 100 Anticipated Liability decreases and Actual Liability Increases
Stock In Hand 80
VAT 4 Anticipated Stock-In-Hand decreases and Actual Stock-In-Hand Increases
MODVAT 16
Anticipated Stock-In-Hand 100
Anticipated Liability 100
Sale Invoice Cr Dr
Sundry Debtors (Customer) 96
Supplier Invoice Cr Dr Sales 80
Suppliers 100 Tax 4
Liability for Goods Supplied 100 Excise 16
Discount 4
Payment to Supplier Cr Dr
Cash/Bank 100 Payment Receipt Cr Dr
Supplier 100 Cash/Bank 96
Sundry Debtors (Customer) 96
Debit Note Cr Dr
Sundry Creditors (Suppliers) 100
Liability for Goods Supplied 100

Credit Note Cr Dr
Sundry Creditors (Suppliers) 100
Liability for Goods Supplied 100
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 Dr Cr


Depreciation expenses 1000
Accumulated depreciation 1000

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