Financial Module in ERP System

Financial Module in ERP System including Accounting software

Financial Module in ERP System

The financial module is the core of our ERP Packages application. In every organizations starting from small scale, Small and Medium Enterprises (SME), medium scale to large scale organizations benefit from the implementation of ERP Packages finance module.

vERP finance module can gather financial data from various functional departments, and generates valuable financial reports such as General Ledger, Trail Balance, Balance Sheet and quarterly financial statements, Profit and Loss, Cash Flow, Fund Flow and Annual financial report.

The Accounting Software

Finance module of the vERP customize solution will take care of all accounts related entries and their impact on the whole system. How the finance comes and how it is been utilized.

Total flow of money (Cash/Bank) and total expenditures will be reflected here. As an after effect of this, the management will be able to take their important financial decision, Budgeting etc. They can come to know about company's financial position at any point of time.

Accounting Module in ERP

All sorts of important financial reports i.e. Trial Balance, Trading Account, Profit & Loss Account, Balance Sheet, Debtor's Balance, Creditors Balance, Cash & Bank Fund position and ERP Packages many more are covered in this module.

The finance department is the heart of any organization. It is very much important to keep track of all your financial activities up to date and in real-time. Organization success depends on proper finance management.

features in Finance

Features in Financial Module

Features and functionalities in Finance Module of ERP Software. The finance module in vERP Software will manage all the financial activities and all the departmental financial activities will remain up to date and in real-time.

Accounting System

Accounts Head
Opening Balance
Journal Single & Double Entry
Authorized & Share Capital
Partner’s / Shares Capital
Profit & Loss Drilldown
Payment Voucher
Bank Letter
Chart of Account Balance
Fund Flow
Combined Purchase and Input Register
TDS Management
Supplier Details
Auditing
Customer Analysis
Balance Confirmation Letter
Budgeting

Financial Management Module

Add/ Edit Supplier
Payment
BRS Entry
Finance Document Upload/Download
Balance Sheet Drilldown
Receipt Voucher
Ledger
Day Book
Payment Register
External Provider Analysis
Tax Management - GST
Cost Center
Audit Trails
Trial Balance
Payment List
Chart of Account
Cash Flow
Forex Management

Financial Management System

Add/ Edit Customer
Payment Receive
Cash Entry by Excel
Final Account Settings
Customer-Supplier-Branch Details
On Account Pending List
Customer Reference
Cash Book
Receipt Register
Customer Aging
Bank Letter with TDS
Profit Center
Mult Currency
Courier Entry
Contra
Auto Cash Payment
Computation
Tax Creation

Advantages and Benefits

Benefits of Financial Modules in ERP Software

Advantages and Benefits of Financial Modules in ERP Software

Intercompany Transactions module

The Intercompany Transactions module lets you enter General Ledger and Accounts Payable transactions that affect more than one company by automatically distributing transactions across two or more companies. Intercompany Transactions simplifies and significantly reduces the amount of work required for intercompany accounting.

Completely Transaction based unlike journal based

The Accounting Module is completely Transaction based unlike journal based. This implies most of the accounting functions are handled through relevant transactions in other modules thereby saving lot of time. The Module contains complete functionality required for any Accounting Department right from vouchers to the Balance Sheet and Profit and Loss Account.

Budgeting and Variance Analysis in Finance

Budgeting and Variance Analysis between Budgeted and Actual figures helps in controlling the Enterprise Expenses and Income efficiently. The Module also includes Cost Centers, which is completely flexible in terms of defining Cost Centers and their components. Cost Allocations is done on a pre-defined basis and required outputs could be generated for analysis purposes.

Funds manipulations

Funds manipulations for a concern are important factor and sometimes it is treated as blood for an organization. So in this regard, sources of funds and application of funds are to be taken care of, by defining Balance sheets, Schedules, General and Sub-Ledger, party and customer masters etc.

Cash management

Cash flow analysis,What-if analysis. Analysis of allocations, expenditures, revenues. Interfaces with cash management Monitors accounts and updates, handles payments, creates due date lists, produces statements. Internal orders as a basis for collecting and controlling costs.

Forex Management

Export & Import Management, Realized Gains and Losses Calculation, Unrealized Gains and Losses Adjustments, Financial Statement Translation, Revaluation of GL Accounts, Unlimited Currencies and Rate Types, Configurable Decimal Precision, Currency Rate Lookup, Historical and Auditing Reports

We provide ERP Source Code also, please find more details of source code

Financial Module

Financial Module Screenshot

There are more than 110+ screens in Financial Module which include an entry screen, transaction screen, and report screen. For a sample demo only some of the Financial module of ERP system screenshot provided. Entire features of the financial module of the erp system you will get in the video demonstration link and in the live demo link of the ERP system