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Online Accounting Solution
We develop online customized accounting software packages that are tailored to your company’s specific requirements and includes the following core implementations:
general core implementations
- Full Compliance to Accrual Method of Accounting
- Full ONLINE Data Entry and Data Access
- Data security using AZURE Internet Hosting Security Protocols
- E-COMMERCE Implementation
- Employee-user time-logging, which includes activities performed at the System Online Entry and Submission of Expenses from the branches
- Online Entry and Submission of the expenses from the branches
- Full customization according to client’s needs and requirements
- Unlimited number of users
- Records for both branch and holding company accounting transactions
- Post the transactions to the general ledger per entry basis
- Real time bank reconciliation preparation
- Customized dashboard presentation
specific core implementations
Manufacturing
- Available for all sorts of manufacturing businesses, such as food preservation, furniture, batching plants, concrete piles, restaurants, coffee shops, bakeries and the like.
- Production activities and details such as Material Requisition Form (MRF), Material Issuance Slip (MIS), Finished Goods or Goods Manufactured are a mandatory processe to ensure that cost of goods manufactured is properly accounted for.
- Implementing both the job order and process costing method
- Strict implementation of inventory monitoring for both finished goods and raw materials inventory
- It generates financial reports in conformity with International Financial Reporting Standards (IFRS) and records transactions in accordance with Generally Accepted Accounting Standards and Principles (GAAS / GAAP) and in-line with Manufacturing Businesses.
Construction
• It captures transaction costs for all sorts of construction activities such as: construction workers’ time-ins and time-outs for direct labor cost, equipment utilization for equipment rental charges, construction materials withdrawals tracking for direct materials costs, fuel withdrawals for fuel costs and other overhead costs, to account completely all expenses and costs chargeable against respective project.
- It keeps track of the equipment repair history so that repair and maintenance cost per equipment can be traced and the management can make timely decisions.
- It generates financial reports in accordance with International Financial Reporting Standards (IFRS) and records transactions in accordance with Generally Accepted Accounting Standards and Principles (GAAS / GAAP) and in-line with Construction Businesses.
Malls and Grocery Stores
- The Accounting System can be fully integrated or linked to the Point of Sales (POS) transactions.
- It can implement all sorts of promotional features such as Loyalty Card and Gift Certificate or Cheques, as well as all government-mandated discounts
- It can implement all sorts of Inventory Controlling Mechanism such as the RE-ORDER POINT and SUGGESTED ORDERING or OP-TAKE Set-Up.
- It can implement the Inventory Conversion Set-Up with multiple levels such as CASE – REAM – PACK – PIECES.
- It can implement the Re-packing Set-Up of any products such as from 1 sack Sugar of 50 kg to be broken-down into a number of packs of a smaller packaging units such as ½ kg, 1 kg, 2 kg and the like.
- It generates financial reports in conformity with International Financial Reporting Standards (IFRS) and records transactions in accordance with Generally Accepted Accounting Standards and Principles (GAAS / GAAP) and in-line with Merchandising Businesses.
Distributor and Trucking
- The Accounting System features assets management process which calculates the assets’ depreciation value quickly and accurately.
- It has a feature to record fuel consumption history, ODO meter reading, and equipment travel location history.
- It generates financial reports in conformity with International Financial Reporting Standards (IFRS) and records transactions in accordance with Generally Accepted Accounting Standards and Principles (GAAS / GAAP) and in-line with Distributor and /or Trucking Businesses.
Cooperatives
- The Accounting System adheres to the Cooperative Development Authority’s Accounting Guidelines and Procedures.
- It records all members’ patronage sales and refunds computation and distributions.
- It records all members’ contributions and dividends, and distributions.
- It records all members’ loan availment, loan payments and other charges.
- It generates financial reports in conformity with International Financial Reporting Standards (IFRS) and records transactions in accordance with Generally Accepted Accounting Standards and Principles (GAAS / GAAP) and in-line with CDA’s Accounting Guidelines and Procedures.
Hardware
- Real-time inventory tracking is critical for a hardware business, and the Accounting System effectively handles this requirement.
- It can implement various inventory control mechanisms such as the Re-Order Point, Suggested Ordering, and Off-Take Set-Up.
- The system can handle a large number of SKUs, similar to how grocery stores manage their inventories down to the smallest item of hardware.
- The Accounting System includes a feature for asset management that allows the system to calculate asset depreciation automatically.
- It generates financial reports in conformity with International Financial Reporting Standards (IFRS) and records transactions in accordance with Generally Accepted Accounting Standards and Principles (GAAS / GAAP) and in-line with CDA’s Accounting Guidelines and Procedures.