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Finance Module

e-M-POWER Finance Module is designed to manage financial resources. This includes classification and automatically take-up of financial data from other modules. It is a multi-currency accounting system with special emphasis on costing and analysis. It consists of the General Ledger, and two subsidiary ledgers, namely Accounts Receivable and Accounts Payable.

Main Features

General Ledger - It records and summarizes all the financial transactions of the company. It supports both direct entry of journal transactions and the automatic transfer of financial data from the other modules.

• Classifies vouchers by voucher types
• Maintains chart of accounts and financial statements layout
• Batch or automatic posting of vouchers transferred from the other modules
• Handles periodically recurring transactions
• Supports up to 52 accounting periods
• Supports account/bank reconciliation
• Integrates fully with AR, AP, Inventory, and production

Accounts Receivable -It manages customer billing and collection activities. It also provides facilities to closely monitor the customers' accounts, either as a group or individually.

• Handles deposit, discount, and charges
• Supports customer credit control
• Billing can be processed here or transferred from Sales Module
• Selects invoices for payment allocation
• Supports item discount, trade discount and payment discount
• Allows pre-payment, partial payment and over-payment (recorded as open credits which can be applied to future invoices)
• Integrates fully with Marketing Module and General Ledger

Accounts Payable - It manages the liabilities of the company. It keeps credit balances within limit and provides valuable information for efficient payment of invoices.

• Handles deposit, discount, and charges
• Supports multiple delivery note or goods received note for a single invoice
• Vendor invoices can be processed here or transferred from Purchasing Module
• Selects manually or automatically invoices for payment allocation
• Supports for payment suspension for questionable invoices
• Supports item discount, trade discount and payment discount
• Allows pre-payment, partial payment and over-payment (recorded as open debits which can be applied to future invoices)
• Integrates fully with Purchasing Module and General Ledger

Analysis Report

• Vendor Invoice Registry
• Payment Voucher
• Payables Aging Report
• Cash Requirement Report, etc.