The Finance module is used to record and track company assets other than materials and their transactions. The Finance module is used to record the followings:

  • definitions of customers and suppliers from/to whom the company purchases and sells,
  • bank and bank account definitions of the company,
  • payment/collection plan definitions and groups,
  • deposit definitions,
  • check and promissory note transactions used as payment tools,
  • collateral tools,
  • financial investment definitions,
  • AR/AP transactions,
  • bank transactions,
  • safe deposit transactions,
  • daily exchange rate entry,
  • exchange rate update and AR/AP exchange rate difference calculations,
  • batch messages to AR/AP records,
  • payments to employees through the bank and safe deposit transactions

Finance Management Menu

Definitions

AR/AP Records, Payment/Collection Plan Groups, Checks and P. Notes, Checkbooks, Bank Branches, Bank Accounts, Safe Deposits, Collaterals, Credits, Bonds, Financial Investments, Additional Interest Rates, Factoring, Specific Interest Rates, Shipment Addresses, Invoice Addresses

Transactions

AR/AP Slips, Check/Promissory Note Slips, Bank Slips, Finance Safe Deposit Transactions, Letter of Guarantee Slips, Leasing Records, AR/AP Transactions, Finance Bank Transactions, Payment/Collection Transactions, AR/AP Reminder Operations, Credit Back Payment Transactions, Bond Coupon Interest Payment Transactions, Collateral Commission Payments, Payment Orders, Leasing Back Payment Transactions, AR/AP Not Updated in e-Invoice Info Update Operation

Operations

AR/AP Exch. Rate Diff. Calculation, AR/AP Reminder Level Determinations, AR/AP Risk Totals Revision History, AR/AP Risk Totals Update, AR/AP Transaction Transfer, Bank Exchange Rate Difference Calculation, Batch Mail Sending, Company Credit Card Payment, Credit Card Collection, Credit Interest Rate Update, Debit/Credit Cancellation, Debit/Credit Closing, e-Invoice Info Update, Employee Payments Batch Bank/Safe Deposit Transaction, Parent AR/AP Update, Safe Deposit Exchange Rate Difference Calculation

Reports

AR/AP Reports, Bank Reports, Check and P. Note Reports, F. Currency Reports, Other Reports, Payment/Collection Reports, Safe Deposit Reports

The Definitions menu is used to record AR/AP, bank, safe deposit, check / promissory note definitions and collateral tools. 
The Transactions menu is used to record and track AR/AP and bank transactions, check / promissory note slips, reminders and letters of guarantee. 
The Operations menu options are used to perform periodic transactions required by the system. 
The Reports menu options are used to report definitions and transactions recorded in the Finance module.


Parameters and Defaults Affecting Finance Module

Finance parameters and defaults are used to enter information required to display as default in cards and slips, and record necessary controls and their methods. This option is located under the System Settings module > Defaults and Parameters > Operations > Administration Default Values and Parameters. See. Finance Defaults and Parameters in System Settings document.