We automate multiple functions performed by Accounts Team of Exchange Companies. Financial Reporting is one of the key areas of automation and is made compliant to IFRS standards followed by the client and the regulatory strictures. Balance sheet management is another function performed by the Accounts Management Module. The module provides option to rework balance sheet and validate it based on rules based on the external audit observation without impacting accounting entries. The module also provides a core integrated VAT engine to calculate VAT on various transactions and generate reports for payment of VAT at the stipulated intervals. Input VAT is also arrived at based on the purchases made is netted off against the VAT outgo. The application provides simple interface to make account entries and has several restrictions to reduce wrong account entries. The module also provides various exception reports in identifying and rectifying wrong accounting entries made by business units periodically.

Features

• VAT Engine
• Balance Sheet Management
• Batch Posting Solution that resolves redundant accounting entries with a single click
• Automated Financial Reporting Tools
• Exception Reports
• Suspense and Sundry Account Reconciliation