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
The menu options of the Finance module are used for these definitions and transactions. All these transactions are recorded using the options grouped under the following menu titles.
- Definitions
- Transactions
- Operations
- 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.