Finance Modules in ERP Software including Accounting

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.

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. 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.

Accounts Head

Add/ Edit Supplier

Add/ Edit Customer

Courier Entry

Opening Balance

Payment

Receive

Contra

Journal Single & Double Entry

BRS Entry

Cash Entry by Excel

Auto Cash Payment

Partner’s / Shares Capital

Finance Document Upload/Download

Final Account Settings

Computation

Profit & Loss Drilldown

Balance Sheet Drilldown

Ledger

Trial Balance

Payment Voucher

Receipt Voucher

On Account Pending List

Payment List

Bank Letter

Customer-Supplier-Branch Details

Customer Reference

Chart of Account

Chart of Account Balance

Day Book

Cash Book

Cash Flow

Fund Flow

Payment Register

Receipt Register

Customer Analysis

Combined Purchase and Input Register

External Provider Analysis

Customer Aging

Balance Confirmation Letter

TDS Management

Tax Management - GST

Bank Letter with TDS

Customer Details

Supplier Details

Cost Center

Profit Center

Budgeting

Auditing

Audit Trails

Mult Currency

Forex Management

Advantages and Benefits of Finance 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

Finance Modules in ERP Software

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.

  • ERP Software: vERP or ERP.BZ
  • Modules Name: Finance and Accounting
  • No of Active user: 3100+
  • No of Year in Service: 18 Years from 2006

Download Modules Details

Video Demonstration

Demonstration of Finance Modules in ERP Software

Finance Modules in ERP Software

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