Financial Accounting is most useful for any of the business as a core module which deals with financial inflow and outflow of the organisation. We have general ledger module according to business needs, configuration and parameters are defined in Chart of Accounts(COA) level.This is module is bundle with our ERP solutions.
Empower your finance organization to thrive in the face of sustained market volatility – with best-in-class financial management and accounting software from ongoERP. Streamline your financial processes to efficiently meet the demands of complex compliance regulations, growing pressure on margins, and diligent managers who need instant financial insights 24/7.
ongoERP Financials provides comprehensive and proven financial/ERP capabilities that integrate with your sales, and service processes.
The ongoERP finance system, the General Ledger (GL) module is the central repository for collecting and analyzing your financial information. GL data can also be presented in dashboards or viewed online via inquiry screens. Entries can be made directly into the GL or they can be made from other Financial Suite applications and posted in detail or summary into the GL.
The Cash Management (CA) module provides functionality required for managing day to day operations related to cash transactions, cash balances, funds transfer, and bank account reconciliation. The Cash Management module is integrated with the General Ledger, Accounts Payable, and Accounts Receivable modules to centralize all cash management functions such as bank reconciliation, daily cash balances, and cash management reporting.
The Accounts Receivable (AR) module allows companies to manage receivables and automate the tasks of invoicing customers and collecting payments. There are several time-saving features such as defaulting of customer information on entry, automatic tax computation, commission calculation, discounts, and due dates calculation. Report and inquiry screens allow you to monitor customer balances, credit limits, pending documents, check aging buckets, and view other customer-related information.
The Accounts Payable (AP) module allows companies to efficiently manage liabilities for purchased or received goods and services. This module accumulates, stores, and organizes vendor information and documents to automate the payment process. Transactions can be entered quickly and accurately with automatic population of default vendor information and accounts, automated calculation of taxes, flexible payment schedules, cash discounts, and more. Comprehensive reports and inquiry screens provide a complete overview of current AP state and analysis of historical vendor performance.
he (EP) module allows companies to automate the process of entering timesheets, submitted expense claims, and assigning work. The EP module works with Accounts Payable for expense payments to employees and with Accounts Receivable for time and expense billing to clients. Centralized task management allows everybody in your organization to create, assign, and manage tasks within the guidelines of your business policies.
The Currency Management (CM) module provides functionality to support multiple currencies so you can do business internationally and manage international subsidiaries. The CM module maintains a list of currencies, tracks exchange rate fluctuations, and performs periodical revaluations for currency denominated accounts and documents in foreign currencies with automatic calculation of gains and losses. Flexible translation options allow you to configure reporting in a foreign currency if needed and automatically performs currency translations.
The Tax Management (TX) module provides centralized tax configuration, management, and reporting. The TX module stores system taxation settings and provides tax audit and tax reporting functionality. Taxation settings are used across the system to provide accurate and consistent collection of tax information. Tax audit and reporting functionality provide users with functions required for preparing reports for Tax Agencies and preparing supporting documents required for tax audit and filing.