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| FINANCIAL ACCOUNTING SYSTEM |
The Financial Accounting System [FACTS] offers the most comprehensive structure of data elements.
There are five account levels under each account type of Assets, Liability, Capital, Income
and Expenses. These four levels give you the flexibility to structure your accounts in any
desired way. When you set up this account level, you also define the information that must
accompany each transaction in to the general ledger.
See Also, FACTS Sample Screens -
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This System will ensure that the required information will not only be captured but also
is valid. The general ledger receives all transactions of receivable, payable and direct
journal. |
This System provides reporting in many different ways from the general history in summary
or in detail
Accounts Receivable
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| The accounts receivable module will give financial users the tools to collect receivable
and exercise credit controls. It will be an on-line multi-user module with real-time
information update. |
| This module will provide on-line transaction entry for cash and adjustments. Cash can be
applied directly, invoiced or on account of the customer. |
| The credit control function will help monitor outstanding from customers. This will also
provide on-line enquiries and reports will be available to provide ageing of receivable of
all customers. |
| Accounts Payable |
The account payable module will be directly linked with the amount payable to Airline or
other agents. The credit control function will help to monitor the details of the amount
payable to suppliers and provide on-line enquiries and reports.
General Ledger |
| All transaction of charges, cash & bank receipts, payments, sales and purchases journal
entries will be reflected and updated on line to the system and the user will have the
option to make on line enquiry of any ledger account. |
The following are few of the reports generated
· Cash book (Petty Cash)
· Bank book
· Journal
· Statement of account
· Expense summary
· Receivables
· Payables
· Ageing of Receivables
· Trial balance
· Profit and Loss
· Balance Sheet
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