eRKTM-GL is a comprehensive financial management solution incorporating an enterprise's accounting needs in terms of financial controls, transactions, data collection and financial reporting throughout the enterpise.
Features
Chart of account setting.
Drill down from unposted transactions to originating sub-ledger transactions.
Enables user to define the accounting period with the respective formula for calculation of profit and loss.
Closing of accounts as and when necessary.
Provides multi-level security that allows easy tasks segregation.
Concise subsidiary ledgers integrate seamlessly with invoicing, purchasing, payment processing, payment processing, collections and other miscellaneous operations.
Able to record transactions that do not involve any cash / bank payment / receipts.
Post transactions to any open period - past, present or future.
Post transactions provisionally to the general ledger to see the effect on financial statements.
Post transactions to any past year for which you maintain data.
Posted transactions retain the posting number, original journal number and source code.
Post transactions from multiple sub-ledgers to a single control account.
Consolidates transactions for selected accounts during posting.
consolidates by transactions, net period changes or account balances, which includes transactions by fiscal period.
Open account balances can be maintained for multiple years, enabling users to create accounting entries for New Year without having to close the previous one.
Maintains separate periods for adjusting and closing entries.
Captures details of journal entries, such as journal number, transaction date, posting date of the transactions, bank charges and discounts, information of double entry for the transactions including account codes, cost center, amount and remarks.
Maintains clear and concise audit trails mandatory printing of journals prior to posting.
Supports online balance and account enquiries and can show details linked to the sub-ledger.
Stores each ledger transaction in detail and summary formats.
Adjustment Journal helps to adjust and amend journals that are already posted after the year-end closing to ensure that all revenue earned in a particular periods is matched only by the expenses incurred to earned it.
Performs automatic error trapping to ensure data integrity, and allows only balanced postings to valid accounts.
Ability to undertake projection reports on trial balance, profit and loss, balance sheets, cash flows and bank ledger by the bank.
Merges multiple accounts in subsidiaries.
Ability to calculate and produce accounting results for Closing Financial Period, Closing Financial Year and Closing Adjustment Year.
Implements monthly (12) financial period.
Comprehensive audit trail from transactions posted in the source general ledgers, specifying a description for account balances or net change transactions.
Optional Features
Records details of transactions that are repetitive and temporary in nature.
Sets up and schedules recurring journal entries for transactions that you process on a regular basis.
Allocates an account balance to multiple accounts using specified percentages.
Stores different sets of budget figures to project future needs and compare projections.
Automatically creates budgets using previous year information or chooses from several other computations.
Recurring Journal records details of transactions that are repetitive and temporary in nature with flexibility for use to define frequency, start date of the recurring journal.
Supports e-Commerce.
Reports
Trial Balance.
List of vote and department.
List of journal transaction by date / vote / department.
List of reports on the GL Master, GL Transaction and GL Processing reports.
Balance Sheet.
Account transaction history.
Account ledgers.
Income and Expenditure report.
Pending journal summary.
Comparative yearly balance sheet.
Current / quarterly / half-yearly comparative profit and loss.
Journal voucher.
Ability to consolidate profit and loss reports.
Profit and loss statement.
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.: eRKTM-FINANCIAL
eRKTM-Financial consists of the following modules, please click on the product code for more information.
