Account
Account Module in an ERP system is a very important module as it documents all the transactions whether it be a bank transaction or an inter departmental in an organization itself. Thus it smoothens the flow and keeps track of it.
There are many factors to take into consideration while managing various accounts of the company. Those factors include mandatory regulatory compliance, global socio-political trends and company’s own financial policy.
Cursory look at 10Soft Accounts Module :
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10Soft Account Module allows you to create hierarchical accounts. Suppose you create an account for a vendor, then you can create sub accounts like vendor1, vendor2 and so on. Thus you can create as many accounts as you want to.
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You can select the document type like bank adjustment, cheque issue, fixed asset depreciation voucher etc.
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For the transactions like debit, credit, cash, discount and tax for a particular document type, you can show that credit is done on which account, debit on which account, discount on which account and so on.
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It stores the data dynamically of the cost center. Cost center classifies each and every transaction performed on a particular account.
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You can store the information of the account category of each dynamic account. And based on the configuration, you can use this account category and generate balance sheet, profit/loss sheet and trail balance.
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The top management can make important financial decisions as with the generation of the balance sheet they can see the assets, liabilities and ownership equity.
Cursory look at 10Soft Accounts Module :
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For conducting market research, purchase and sales analysis, employee analysis, accounting, fixed assets, bank analysis etc, 10Soft Account Module provides you with analysis code.
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You can see current year balance, budget and previous year balance by monthly summary of selected account.
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You can also view the income statement for revenues generated for a specified period.
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Some documents like monthly rent are needed every month. This module allows you to generate recurring documents again and again automatically.
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It would also create various vouchers like receipt, payment, exchange, opening entry and budget voucher.
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This module gives the flexibility by having an option of multiple languages and multiple currencies. This facilitates companies across the globe to take most of this feature.
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This module offers consolidation of financials of multiple companies. With this, trail balances are synchronized on a single consolidated financial report.
