Accounts Payable/Receivable & General Ledger

CONTROL includes a sophisticated accounting module that is fully featured for retailers’ accounting needs. The following lists some of the many features available:

• Generates required payments while ensuring you claim any allowable settlement discount.
• Automatic calculation and handling of GST in invoices and adjustments.
• Generates consignment stock invoices for consignment stock.
• Full foreign currency invoice handling.
• Enquiry facility allows instant access to account details including transaction history, outstanding amounts and notes for each supplier.
• Cash requirements reporting.
• Chart of Accounts: unlimited number of accounts, cost centres and groupings. The chart may be established hierarchically.
• Budgets and forecasts may be stored for any account.
• Ad-hoc cheque printing with transaction details recorded as a sundry payment.
• Ability to operate in a new financial year before closing off the previous year.
• Provides for separate financial reporting for stores, departments and profit centres.
• Handles multi-company consolidations, with inter-company accounts automatically reconciled.
• Full audit trail available at any time.
• Facilities for extended credit finance accounts — with daily interest and arrears calculations.
• Optional ODBC connection allows for user developed queries and reports by third party products including Crystal Reports, Access and Excel.