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The heart of financial accounting: It manages cash, accounting entries and financial reports.
The Most Important Functions:
- Impacting cash in hand and cash at the bank by receivables, payables, deposits, transfers, and accounts modifications.
- Cheque management and processing bank reconciliation with the differences in organization records and bank tally.
- Issuing control requests for transactions and approving them in entries and vouchers.
- Counting cash in hand according to the applied procedures in the organization.
- Issuing miscellaneous reports such as account statements, general journals, trial balances, profits and losses, balance sheets, etc.
- Carrying out the transactions of matching and required financial adjustments between accounts.
The Most Important Features:
- Direct displaying of transactions and knowing the organization’s financial status.
- Following up installments payment and cheques collection as well as specifying and paying liabilities.
- Matching accounts transaction and following up the accruals of customers and vendors.
- Designing cash flows, final and financial statements reports according to the organization.
- Evaluating the organization’s business outcomes by profit and loss reports during any defined period.
- General Ledger System is the financial interface whose accounts are integrated with the carried out transaction in all ONYX Pro Systems.
