Financial Management System
Financial Management System is
- General Ledger System
- Purchase System
- Sales System
- Account Receivable System
- Account Payable System
- Inventory System
- Cash Management System
- Budgeting System
- Fixed Asset System
- Eecutive Decision System
General Ledger System
The GL Transactions support to transaction and report for commerce. The General Ledger
System defines basic information like your company structure and the chart of accounts. GL
Transactions that originate in other modules are automatically generated based on a
flexible mapping and area to determine the proper place to post transaction. General
Ledger System Support both periodic and perputual method and also calculate depreciation
of asset and inventory.
Purchase System / Sale System
The Purchase System and Sale System that centralizes billable data from all
applications and provides automated multicompany and multisite centralized billing. Our
system is automatic check inventory stock and unit price with price list. If you set a
price lower than a price list, application not allows you to access this price. You must
entry the password of higher priority for approve this price. The approval level has many
level and application use dual password system. The system is automatic check the credit
amounts of a business partner when you entry in order or invoice. If the customer’s
credit is below the credit limit, application is not allows the order or invoice. Purchase
and sale system allows the designation of employees charged with monitoring the credit
amounts of a business partner. And also when you inquiry or order the inventory, the
system can estimated ship date for delivery.
Application allows you to set your commission policy, commission information is still
defined at the item and salesperson level. However, the actual commission calculation is
done through the account receivable system, payroll system and general ledger system. The
system is auto fill of receiving or shipping quantity from remains quantity on a purchase
order or sale order. You can setup a set of inventory for promotion and set discount at
the line-item level. Application is use EDI system, EDI (Electronic Data Interchange) is
the process of how data is transferred electronically between business. The documents that
may be sent electronically such as quotation, purchase order and invoice.
Account Receivable System
The Account Receivable System handles and monitors sales invoice and credit notes. The
module contains full aging analysis functionality, the ability to generate Dunning Letters
urging customers to pay their open invoices; and Customer Statements of Account, which
inform customers of their open invoice. A wide range off reporting functionality is
available for display or listing of account receivable data. When a document is placed on
hold, you need to specify a user-defined reason. A report is available that enables you to
see why document on hold and also you can see the document status. The account code will
default from the inventory item or each detail. The account receivable transaction is
automatic posted to account receivable and general ledger from invoice, receiving, etc.
The transactions specify different methods of payment for each business partner, as well
as monitor debts, record invoicing, receive transaction.
The Account Payable System provides sophisticated capabilities that help reduce the
time and effort spent handling accounts payable. The Account Payable System streamlines
the entire process by providing both automatic and manual matching capabilities within
specified tolerances. You can also specify different method of payment for each business
partner, as well as monitor creditors and record invoicing and payment transactions. When
a document is placed on hold, you need to specify a user-defined reason. A report is
available that enables you to see why document on hold and also you can see the document
status. The account code will default from the inventory item or each detail. The account
payable transaction is automatic posted to account payable and general ledger from
invoice, purchase, payment etc. The transactions specify different methods of payment for
each business partner, as well as monitor creditors, record invoicing, and payment
transaction.
The meaning of inventory in our system is everything such as material, spare part,
asset and product. The system is set a inventory into a tree. In a tree every inventory
have a relation of a tree. The inventory tree have a properties of a descent. The
inventory system can alert when a stock level is reduced to reorder level. The system used
a barcode system for inventory and can configure a lot or bin item in warehouse. User can
choose Average, FIFO, LIFO, Moving Average or lot costing and costing method can be
assigned by item and automatic calculate Costing and Depreciation for maintains inventory
by item. You can transfer inventory from department to department (warehouse or
warehouse). The system allows the customers deposit the product in our warehouse when the
customers is buy the product. And automatic calculate the service charge of deposit. When
you receive an asset, the system is automatic generate transaction for register asset.
Also when you receive a material, spare part and stationary, the system is automatic
generate invoice transaction
The cash management system helps your company manage its cash positions by providing
each forecasting reports that consider open orders and invoices from both purchasing and
sales. Within cash management system payment statistics are calculated or business
partners and all receipts payments are processed. The system also provides cash-flow
forecasts to analyze liquidity position and transaction visibility at the sub-ledger
level.
The cash management system supports flexible payment methods that include check, wire
transfer and direct debit transactions. Invoices are paid through an automated selection
process to determine which invoices are to be included in a payment batch and
one-time-only payments can be made without an invoice. For invoices with special terms of
payment, individual payment schedules can be defined; these invoices can be processed
automatically at the same time as standard invoices. Bank statements can be received
electronically and the actual payments can be reconciled automatically or manually with
the anticipated payments.
Budgeting System
An important component of financial analysis is the comparison of your company’s
actual results with budgeted amounts. Multiple budgets are often required to simulate
possible conditions, and these are frequently updated to reflect changing circumstances.
Finance provides a Budgeting System that allows budgets to be created based on cost
assignments, other budgets, or actual results. The Budgeting System maintains budgets and
target amounts and provides comparisons between actual amounts and budgets. Amounts and
quantities entered in Budgeting System are included in displays, reports and financial
statements with related variance information.
Fixed Asset System
The fixed asset system is automatic calculate depreciation for maintains inventory by
item. The system is automatic register to fixed asset system when you create purchase
transaction. The fixed asset system is automatic or prepare data for user to generate bill
when you disposal the asset. The system is automatic to posted to GL System when you
register, disposal and transfer the asset.
Executive Decision System
The Executive decision system prepared for user can generate your report.
Last update : Monday, 7 January 2002 07:00 ( Thailand )
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