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
