General ledger works as a central repository for accounting data transferred from all subsidiary ledgers. In general ledger the chart of accounts is the backbone of any accounting system which holds financial data used to define each class of items for which money is received or spent. Financial Management module provides a flexible, multi-level structure of chart of accounts, listing the names of accounts for recording transactions in the general ledger. Flexibly tailored chart of accounts is designed in a way to best suit needs of any organization in a simple manner.

Within the categories of Nature of Accounts such as Assets, Liabilities, Equities, Receipts and Expenditure, this module provides multiple levels to create account heads, main head of accounts, sub-account head and transactional accounts. Each account in the chart of accounts is typically assigned a name, a unique number and a object code by which it can be easily identified. Account numbers are consisting of eight digits in length with each digit representing a division of the Nature and head of account.

General Ledger highlights, tracks the consolidated levels for summary purposes so that the financial data can be viewed at various levels of the overall hierarchy of financial reporting.

Overall Financial Management with simplified dashboard

• Planning, Budgeting, Financial reporting, Dashboard visibility and Disbursement of funds.
• Accounting, Book keeping, General Ledger, Vouchers of multiple types.
• Internal control including internal audit
• General Ledger, Cashbook, Subsidiary Ledger, Personal Ledger management
• Financial Statements, i.e. Trial Balance, Profit / Loss statement and Balance Sheet
• Bank Transactions – Cheque Printing, Cheque Re-print Request, Cheque Cancellation, Bank Reconciliation, Banks summary reports, Track Payments, etc.
• How to deal with fraud and other irregularities
• Accounts Receivables and Account Payable Management.
• Integration with Payroll for auto generating Salary voucher.
• Integration with Procurement Management Module.
• Manages Advances, Remunerations, Re-imbursement, TA/DA, Demand Register and Personal