Encompassing accounting solution, covering every aspect of financial management. Enjoy features
like expense tracking, income management, ledger management, and much more.
Accounting management
- Expense tracking: The expense tracking feature allows users to categorize
and record various types of expenses, such as utilities, supplies, payroll, and more. Users
can track expenses by project, department, or category, providing visibility into spending
patterns and facilitating cost control measures.
- Income management: Users can manage incoming funds from sales, client
payments, investments, and other sources. The system automatically records income
transactions and updates relevant accounts, providing a real-time view of cash inflows.
- Ledger management: Aamali ERP's ledger management module includes features
for maintaining detailed accounts, recording journal entries, and reconciling accounts.
Users can create and manage multiple ledgers, such as accounts payable, accounts receivable,
and general ledger, ensuring accurate financial records.
- Financial reporting: The system offers a range of customizable financial
reports, including balance sheets, income statements, cash flow statements, and trial
balances. These reports provide insights into the financial health of the business and
support strategic decision-making.
- Budgeting and forecasting: Users can create and manage budgets for various
departments, projects, or cost centres. The system supports budget planning, tracking actual
expenses against budgeted amounts, and forecasting future financial performance based on
historical data and assumptions.
- Tax management: Aamali ERP includes features for calculating, reporting,
and managing taxes. Users can generate tax reports, track tax liabilities, and ensure
compliance with tax regulations. The system also supports tax filings and integrates with
tax filing software for streamlined tax preparation.
- Debit and credit cash flow: Users can track cash flow movements, including
debits and credits, across various accounts. The system provides a clear overview of cash
inflows and outflows, helping users monitor liquidity and manage cash effectively.
- Bank and transaction management: Users can manage bank accounts, reconcile
bank statements, and record banking transactions such as deposits, withdrawals, and
transfers.
- Revenue vouchers: Aamali ERP allows users to create and manage revenue
vouchers for recording sales transactions, client payments, and other revenue-related
activities.
- Accounting tree management: The system offers a hierarchical structure for
organizing accounts, enabling users to create and manage an accounting tree that reflects
the organization's chart of accounts. Users can define account groups, subgroups, and
categories for systematic financial reporting and analysis.
- Opening balance management: Users can enter opening balances for accounts,
ensuring a smooth transition to the new accounting system. The system supports the import of
opening balances from legacy systems and provides tools for reconciling opening balances
with financial statements.
- Integration with other modules: Aamali ERP's accounting solution seamlessly
integrates with other modules of the system, such as inventory management, sales,
purchasing, and human resources. This integration ensures data consistency, eliminates
duplicate data entry, and provides a unified platform for managing all aspects of the
business.
Key features
- Dashboard: Aamali ERP's accounting management module includes a dynamic
dashboard window that offers real-time summaries of critical accounting aspects, providing
invaluable insights for the accounting management team. This dashboard presents key
financial metrics such as the number of sales, clients, and records, the cheques withdrawn,
rejected, and deposited, and onsite on pending expenses. With live updates and interactive
visualizations, the dashboard empowers accounting managers to make informed decisions,
address issues promptly, and drive financial success.
- Management of accounting users: Including the feature of defining users
based on their roles and responsibilities within the organization, with varying levels of
authority granted to facilitate efficient operations and data security.