General Ledger
- Definable multi-level Chart of Accounts.
- Concept of controlling account and sub-ledgers.
- Flexible Definition of Financial years and
Financial Periods.
- Definable vouchers and Day Books.
- Enterprise/Unit view of financial information.
Receivables and Payables
- Automated Payment Processing.
- Adjustment of vouchers against Receivables
and Payables.
- Comprehensive invoice matching capabilities
/ bill passing.
- Definable Receivable transaction types.
- Cash inflow and outflow projections based on
Receivables and Payables.
Cost Accounting
- Hierarchical cost centers according to areas of
responsibility.
- Automatic generation of Cost sheets.
- Allocation of estimated expenditure to cost
centres.
- Supports allocation of expenditure to multi cost
centres.
- Supports both fixed and standard costing.
- Integrated with GL and material modules.
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Budgeting
- User can define budget documents and budget
centers.
- Attachment of Cost centres and Accounts with
budgets.
- Flexible budgets for different periods.
- Revision of budgets.
Asset Management
- Define assets in a hierarchical structure.
- Use definable depreciation rates with different
methods of depreciation.
- Automated depreciation calculation and
posting in accounts.
- Maintenance of fixed assets register.
- Support for sale and purchase of assets.
- Additions to the asset definition are possible on
line.
Taxation
- Definable different types of taxes.
- Slabs can be defined for different tax rates.
- Automatic deduction of TDS at the time of
voucher entry.
- Generates Tax Deduction Certificates on the
basis of different types of taxes.
- Association of accounts with tax for posting.
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Multi Currency Accounting
- Multiple currencies can be defined in the
system.
- Manage transactions in foreign currency.
- Automatically performs currency conversions
into base currency.
- Enter Buy, Sell and Mid Rate for each
transaction online.
Financial Accounts.
- In Reckoner Financials you find an able
assistant through various Statements like:
Balance sheet, Profit and Loss account which
are crucial to any organization.
- Cash projections and analysis through Cash
flow statement.
- Flexible statements on Assets, Liabilities,
Income and Expense for weekly, monthly and
yearly periods.
- Definable set of Balance sheet and Profit/Loss.
Standard Reckoner Features
- Online Authorization of Documents
- True Workflow based system.
- In built Mail system.
- Alerts can be set in the system to monitor
exception activities or events.
- Ensures people access only the information they
need and are authorized to access.
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