If you believe in managing your finances well, you will find an able assistant in Reckoner
Financials. Reckoner Financials provides you with instant projections of
future business scenarios. It provides total flexibility to its users to define
their own parameters to suit changing business needs, such as a definable, flexible
and a multilevel Chart of Accounts structure. It keeps track of the status of every
financial transaction, of every voucher posted, of every debtor and creditor, of
multiple currency transactions and even of the information on
specific Cost Centres.
Account Payables and Receivables are prepared to adjust the Payables or Receivable
transactions of an external party with payments made and/or received, and to monitor
the pending transactions. Reckoner Finance
has a flexible and effective payment
processing that can generate Bank or Cash Vouchers for the payment to suppliers.
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Reckoner Financials takes into consideration various processes followed by an organization.
The process starts from Voucher entry, which could be system generated or manually
entered. Based on due dates, it takes care of bills due for payment and its allocation.
A Bank Payment Voucher is now generated with payment processing and cheques are
processed. Reckoner Financials also covers the Posting to Reporting process. This begins with the General Ledger, which automatically prepares the Trial Balance,
then the Profit and Loss statement, Balance sheet and Cash flow statement.
Reckoner's cost accounting provides an
efficient mechanism of cost control. Cost
centres can also be defined in a hierarchical structure. Reckoner's budgeting provides
the basis for planning and measuring the actual performance of different cost centres
in respect of targets so as to achieve the organizational goals.
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Reckoner Finance interfaces with Reckoner Purchase for payment processing, Payable
adjustments and cheque processing.
In Reckoner Financials Sales Voucher automatically gets posted from Reckoner Sales.
Reckoner Financials covers the Invoicing to Collection process, which consists of
collection of payment, adjustment against Invoice, generation of Bank receipt voucher
and finally Posting of voucher.
Reckoner Financials also interacts with Reckoner Planning at the time of Cash Flow
Planning and Budgeting.
Reckoner Financials enables consolidated reports of multi-location units belonging
to a company and also to see the effect of a transaction in other units.
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