General Ledger System & Sales

Masters ERP General Ledger System:

General ledger system is a unique system which helps you to follow up the entity’s financial position by entering all the constrains simply and extracting many detailed and overall reports starting from the ledger account and the audit balance to the financial statements.

  • Chart of account setup with flexible structure contain unlimited levels.
  • Cost centers setup with flexible structure contain unlimited levels.
  • Unlimited sub-codes setup, e.g. customers, suppliers, employees, banks, etc.
  • Create unlimited number of journal types.
  • Simple way to record the journal with a proper control and validation.
  • Allocating journal transaction sides to one account or more.
  • allocating journal transaction sides to specific cost center.
  • allocating journal transaction sides to specific journal.
  • Ability of recording description per account level and/or per transaction level.
  • Controlling in available work period for transactions insertion or amendment.
  • Setup periodical transactions, then trigger insertion for those transaction in regular basis.
  • Setup unlimited number of one side journals, then apply transactions upon this setup.
  • Ability to create reversal journals.
  • Support multi currencies.
  • Report for foreign currency exchange differences (profit or loss).
  • Ability of printing journal transaction by different patterns.
  • Several analysis reports on ledgers and sub. ledgers.
  • Ability to print trail balance by different patterns.
  • Analysis reports for sub. ledgers by different patterns and selected criteria.
  • Ability for user to design unlimited number of financial statements.
  • Daily and monthly cash flow reports, which provide data on receipts and payments due.
  • Reports what is due
  • Reports of payments receipts to a customer and an invoice
  • Overdue reporting
  • Daily and weekly target report
  • Due report to the customer
  • A report on the ages of debts
  • Completion of the due on the customer, with the payment automatically

Masters ERP Cash Management System:

The system provides complete control in cash and bank accounts. It is also provide effective manner in check and drafts management in different phases. The system fully integrated with General Ledger system.

  • Recording of opening balance
  • Recording of cash receipts and cash issuance vouchers
  • Recording of checks vouchers
  • Recording of debit and credit memorandum
  • Ability to setup and work simultaneously with several safe boxes
  • Support bank transfer transactions and foreign exchange transactions
  • Summary and details transactions reports per safe box
  • Annual revenue and expenses analysis
  • Recording of collection plan
  • Details and summary bank account statement
  • Monitor receivable and payable checks
  • Support partial payment
  • View check history
  • Issue invoice cover several sales transactions
  • Ability to automate transactions posting to general ledger system

Masters ERP Sales System:

The system covers financial transaction types used commonly in companies (proposals, sales order, purchase   order, invoices, etc.) The system provides an effective tool to control and follow-up accounts payable and acounts receivable accounts transactions.
 

  • Adding Unlimited customers & customer’s classifications.
  • Complete customer database (personal, financial, admin and taxation data).
  • Integrate of all relevant inventory transactions (sales and sales return).
  • Support internal procedures for (sales orders, invoices issuance and sales quotations).
  • Invoice issuance support covering one or more issuance voucher.
  • Ability to add customer logo in the bill header and redesign invoice form to include part for signatures.
  • Issue customers statement (aggregated and details).
  • Monitor credit balance per (customer / sales area / classification / sales rep).
  • Review sales per (customer / store / sales rep. / classification / sales rep).
  • Sales analysis (quantities & values) per (customer / group / etc.).
  • Monthly sales analysis (quantities & values) per (item / customers / sales rep / region).
  • Monitor credit aging.
  • Review reconciliation between offers, sales orders and issuance orders.
  • Monitor items profit.
  • Flexible setup of invoices serial.
  • Ability to link customer with (zone, sales rep. and classification).
  • Ability to link customer code to supplier code and dealt with them as one entity.
  • Ability to setup payment terms, credit limit and discount policy per customer
  • Ability to setup discount policy per item per customer.
  • Special sales prices for customer / group of customers.
  • Specify more than one price list, e.g. (retail price list, consumer price list).
  • Complete data set for sales representative.
  • Set of reports about sales rep. (sales, collection and commissions).
  • Define many discount types (fixed %, variable %, fixed amount, variable amount, etc).
  • Supports services (non stock) items sales.
  • Supports point of sale (POS ) interface and POS peripherals.
  • Ability to record sales budget.
  • Monitor individual items profitability.
  • Monitor sales tax.
  • Integration with safe box and banks modules.
  • Integration with General ledger.
  • The ability to record the installments due in the sales invoice for future sales and distribute the installments over their due periods until they appear in the cash flow reports