Sale Invoice

Sundry Debtors (Customer)

Sales
Tax
Excise
Discount

Cr

Payment Receipt
Cash/Bank
Sundry Debtors (Customer)

Cr

Dr
96
80
4
16
4
Dr
96
96

Requisition
Anticipated Stock-In-Hand
Anticipated Consumption

Indent

Cr

Dr
100
100

Cr

Issues
Anticipated Stock-In-Hand
Anticipated Consumption
Stock-In-Hand
Consumption

Cr

Dr
100
100
100
100

Dr
Fixed Assets

PO
Anticipated Stock-In-Hand
Anticipated Liability

Cr

GRN
Liability for Goods Supplied
Stock In Hand
VAT
MODVAT
Anticipated Stock-In-Hand
Anticipated Liability

Cr

Straight Line Method

WDV(Written Down Value)

Dr
100
100

Dr
100

Anticipated Liability decreases and Actual Liability Increases

80
4
16

Anticipated Stock-In-Hand decreases and Actual Stock-In-Hand Increases

100
100

Supplier Invoice
Suppliers
Liability for Goods Supplied

Cr

Payment to Supplier
Cash/Bank
Supplier

Cr

Dr
100
100

100
Cr

Credit Note
Sundry Creditors (Suppliers)
Liability for Goods Supplied

Cr

Cr

Payment Receipt
Cash/Bank
Sundry Debtors (Customer)

Cr

Dr
96
80
4
16
4

Dr
100

Debit Note
Sundry Creditors (Suppliers)
Liability for Goods Supplied

Sale Invoice
Sundry Debtors (Customer)
Sales
Tax
Excise
Discount

Dr
100
100
Dr
100
100

Dr
96
96

GL Module Main Feature

Chart of Accounts
Calendar
Currency
Set of Books
Periods
Jounals & Posting (Recurring,Mass)
Translation
Conversion, Revaluation-Revalue a/c in foreign currency & book profit/loss on Foreign Exchange
Budgets
Consolidation
GIS(GloBal Intercompany System), GCS(Global Consolidation System)
Inter Company Accounts
Encumberance Accounting--(Requisitions, PO a/c entries for Budgetary control & Forecasting)
Cash Management
Managing, Entering Bank Statements & Bank reconcilliation
Forecasting Cash Flows Based on Forecasted Transactions Like Outstanding Orders, Invoices
Cash Positioning
Maintaining Bank account signing Authority
Bank Account Balances & Interest Calculations
Cash Transactions
Fixed Assets
Asset Setup
Asset Maintainance
Asset Retirement
Asset Depreciation
Creating Accounting Entries
Capital Budgeting
Tax Accounting (Income tax implication due to Depreciation)

& book profit/loss on Foreign Exchange

ation System)

for Budgetary control & Forecasting)

ns Like Outstanding Orders, Invoices

Also With Historical Data.

AR Module Main Feature

Customers (Ship-to,Bill-To,Credit Policies,Ageing,Dunning-Letters to customers about Inv
,Dr/Cr Notes, Out-standing Balances etc.)
Payment Terms, Credit Limits
Receipts
Bank Receipts
Invoices (with Installments)
Credit Memos
Auto-Invoice (for Importing invoices,Cr/Cr Notes from Other Systems)
Adjustments to Invoices, Dr/Cr Notes
Chargebacks
Auto-LockBox
Accounting for Receivables

AP Module Main Feautre

Suppliers(Add, Merge, find,Tax,Excise Range etc.)
Employee Details (for Cash purchases)
Invoices (Entering,Importing,Invoice Matching with PO,Receipts)
Invoice Approval Workflow, Holds
Invoice Costs Allocation--If use Cost Management
Recurring Invoices, Adusting Invoices
Credit/Debit Memos, Foreign Currency Invoices
Freight on Invoices, Recoverable Taxes
Taxes,With-holding Taxes
Payment Terms,Ageing Periods
Holds, Tolerances
Banks, Bank Accounts
Payments,Refunds
Depreciation Entry on last day of the Year
Depreciation expenses
Accumulated depreciation

Dr

Cr
1000
1000