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verp Source-Code-of-Sales-Module

ERP Packages, Package Finance Module

The financial module is the core of an 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 many more are covered in this module.

Intercompany Transactions:

  • 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. In addition, its built-in flexibility automatically generates intercompany loan account entries according to user-defined relationship tables called routes. Intercompany Transactions simplifies and significantly reduces the amount of work required for intercompany accounting.
  • 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 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 for General Overheads can also be done on a pre-defined basis and required outputs could be generated for analysis purposes. Outstanding of Payables and Receivables with Ageing Analysis of both debtors and creditors are some the features of this module. Overall the module takes care of complete functions of any Accounting department.
  • The function of this module starts with accounts creation. External departments like marketing or purchase will create some of those accounts. Apart from regular voucher entries this module will help the authority as well as other departments by providing financial figures. Final accounts will be generated from this module. Documents like Receivable and Payable statements are generated from this module. This module bridges between Sales & Procurement processes. All figures will be protected under password. Only authorized person will be eligible to access information from this module.
  • 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. Also the various input transaction such as Voucher Entry, Credit / Debit entry, Cash / Bank receipts, Cash / Bank Payment, Bank Reconciliation statements, Bill verification etc. Then finally different types of financial reports, which can be of various types according to specified company standard.

Extended Features of vERP in Finance Module:

  • Budgeting:  Analysis of allocations, expenditures, revenues.
  • Cash management:  Cash flow analysis,What-if analysis.
  • Investment management:  Evaluation tools: Net Present Value-NPV, Internal rate of return -IRR, pay-back period.
  • Investment management:  Financial statements for external reporting purposes.
  • Management accounting:  Information on profitability.
  • External reporting:  Set by general accounting standards Legal requirements
  • Includes accounts receivable subsystem:  Interfaces with cash management Monitors accounts and updates, handles payments, creates due date lists, produces statements.
  • Includes accounts receivable subsystem:  Interfaces with cash management Monitors accounts and updates, handles payments, creates due date lists, produces statements.
  • Accounts payable:  Handles payments, applies available discounts to maximize profits,Internal accounting perspectives for directing and controlling operations. Information on variances between planned and actual data.
  • Key activities
  • Cost center accounting.
  • Internal orders as a basis for collecting and controlling costs.
  • Activity-based costing of business processes.
  • Product cost controlling for profitability analysis.
  • Profitability analysis by market segment.
  • Profit center accounting of individual areas of organization.
  • Consolidation of financial data for accounting perspectives.
  • Enable management to better allocate resources, maximizing profitability and performance.
  • Central clearing house for accounting information.

Our operating principles are

General Ledger

  • The uniqueness of the deliverable, whether it is a product, service, or result, requires a special approach in that there may not be a pre-existing blue print for the projects execution and there may not be a need to repeat the project once it is completed. Uniqueness does not mean that there are not similarities to other projects, but that the scope for a particular project has deliverables that must be produced within constraints, through risks, with specific resources, at a specific place, and within a certain period; therefore, the process to produce the deliverable as well as the deliverable itself is unique.

General Ledger Consolidations

  • This unique process and deliverable produces the third characteristic of a project: progressive elaboration. Project management is a group of interrelated processes, implemented in a progressively elaborative manner, in which to produce the deliverable. Progressive elaboration is the revealing and focusing of details through time. For example, in the engineering design process, a general and broad concept may be a starting point for the design team; but through the design process, the concept is narrowed to a specific scope and is further elaborated to achieve the completed design; moreover, it may continue to be elaborated and not be finalized until the product, service, or result is delivered.

General Ledger Security

  • 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. In addition, its built-in flexibility automatically generates intercompany loan account entries according to user-defined relationship tables called routes. Intercompany Transactions simplifies and significantly reduces the amount of work required for intercompany accounting.

Intercompany Transactions

  • 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. In addition, its built-in flexibility automatically generates intercompany loan account entries according to user-defined relationship tables called routes. Intercompany Transactions simplifies and significantly reduces the amount of work required for intercompany accounting.