Financial Accounting System
Financial Accounting System
Financial Accounting System is a Web-based, multi-user, multi-location, real-time accounting information system. This system looks after all finance related aspects of an organization including income, expenses, cash and bank related transactions according to various fund types. This software is accessible at various locations, which gets created dynamically as per organizational presence and their respective accounts can be maintained.
Major Objectives:
- Preparation of Annual Budgets.
- Recording and Monitoring of Funds flow.
- Preparation of monthly accounts at various Drawing & Disbursing Offices, based on vouchers, leading to compilation of Income & Expenditure and Balance Sheet for each unit office as well as consolidation for the organization.
- Generation of various MIS Reports leading to quicker Decision Making.
- Generation of documents for various statutory compliances like tax challans, income tax / service tax returns for agencies, on periodical basis.
- Provision for Bank Reconciliation and inter office settlement.
- Recording and monitoring Assets, Vehicles, advances, recoverable, vendors.
Feature List
Benefits
- Improve decision making with real-time metrics and role-based Dashboards.
- Improve productivity with greater visibility and more automated back-office processes.
- Increased efficiency as Executives are able to spend more quality time on core businesses than on petty matters.
- Ensure accountability and compliance with robust, auditable accounting.
- Eliminate IT costs and hassles associated with maintaining and upgrading traditional client-server software applications.
- Data to be captured only once and used multiple times thereby elimination of duplication of work.
- Exhaustive and reliable data storage
- Adequate Data Insertion and Error Handling procedures
- Generation of standard and typical reports which can also be exported to Excel, Word and PDF format.
- Multiple levels of security controls with security services to include identification, authentication, access control and administration.
- The architecture designed is scalable and capable of delivering high-performance in varied conditions.
- Reduced cost due to rationalization of resources
- Access to vital Information is available online
- Increased coordination and cohesiveness within the organization
