Officeware Financials delivers advanced General Ledger, Accounts Receivable, Accounts Payable and Services Invoicing functions designed to meet the needs of today's proactive, growth oriented organizations regardless of size, industry and functional requirements. All above modules are totally integrated into a robust auditable accounting system. The design philosophy of officeware financials ensures enhanced integrity, reliability and accuracy of financial data. The seamless communication of other officeware systems with officeware financials offers an innovative financial management solution.
Officeware Financials provides the facilities to define any chart of accounts structure simple or complex according to specific industry standards.
Processing of financial transactions either in single or multiple currencies is guided through predefined journal formats enabling efficiency in data entry.
Accounts receivable module with the services invoicing facilities covers the sales cycle and offers the facilities to monitor receivables with predefined ageing analysis reporting.
Accounts payable module handles efficiently the purchasing cycle. Comprehensive ageing analysis on creditors helps management to analyze creditor’s liabilities and plan payments timely.
Recurring and reversing transaction options improve bookkeeping procedures and enhance security and integrity of financial transactions.
Comprehensive financial reporting provides management with a complete view of the financial position of an organization. Profit & Loss statements with comparisons over budgeted and past period’s figures offer a unique tool allowing evaluation of performance and assessment of future growth.
Value added tax (VAT) rules and regulations are incorporated in the system offering a VAT compliant solution that reduces VAT audit exposures due to incorrect treatment of sales and purchase transaction.
Bank reconciliation facilities assemble a self-audit tool that reconciles bank statements with actual checks, deposits and other transactions. Reconciliation reports allow accounting staff to spot discrepancies and resolve them instantly.
All above functionality allows advanced financial data consolidation, auditing, forecasting and budgeting which are the most important tasks for evaluation of any business. officeware financials design philosophy and scalability safeguards that critical business needs will be accomplished today as well as in the future.
Officeware Financials Highlights
• User defined chart of accounts accommodates
• Integrated General Ledger, Accounts Receivable, Accounts Payable.
• Multicompany, Multicurrency.
• Management Reporting & Budgetary control.
• Different Transaction types.
• Unlimited Financial periods.
• Bank reconciliation.
• VAT Compliant.
• Services Invoicing.