Strategic goals
- Optimal allocation of limited economic resources
- Real-time financial transparency for decision-makers
- Accuracy, reliability and compliance with reporting standards
General AccountingFinancial Management
Recording and reviewing financial events at every account level
The General Accounting system links the chart of accounts and fiscal years to manual and automatic voucher entry. Account coding and floating accounts, batch voucher management, and ledgers and trial balances make it possible to track account activity and balances. Reports can be reviewed by period, account, cost center and project.
General Accounting: architecture and components
Integration with other subsystems
- Warehouse and procurement: automatic posting of receipts, issues, inventory adjustments and cost of goods
- Sales and revenue: instant revenue recognition, discounts, sales returns and receivables management
- Payroll: posting of personnel costs, statutory deductions, insurance and tax liabilities
- Fixed assets: automatic depreciation, purchase, disposal and revaluation of assets
Processing and automation
- Operational events are pulled in online, with no manual re-entry
- Accounting vouchers are issued by event-driven rules (rule-based engine)
- A real-time snapshot of balances and liquidity
Review, analysis and financial intelligence
- Multi-level trial balances: reports at group, general ledger, subsidiary and detail (floating/central) levels
- Interactive account review: drill down from a trial balance figure to the source document
- Matrix analysis: multi-dimensional views (cost center × project × fiscal period)
- Financial ratio dashboard: live liquidity, profitability, leverage and activity ratios
How General Accounting creates value for stakeholders
Managers
Decisions based on up-to-date data instead of piled-up periodic reports
Investors
Clearer view of return on capital, liquidity risk and financial health
Finance and audit
Faster period closing and a transparent audit trail
General Accounting process overview
Financial events are pulled from:- Treasury
- Sales
- Purchasing
- Warehouse
- Fixed assets
- Payroll
- Cost accounting
- Vouchers in rials, foreign currency, or both
- 2Manual vouchers
- 3Chart of accounts
- 4Voucher management
- 5Financial reports
- 6Account review and analysis
- 7Financial analysis
- 8Financial ratios
- 9Financial statements
Benefits of General Accounting
Fewer duplicate entries through automatic vouchers
Account analysis at multiple levels
Tracking of local- and foreign-currency vouchers
Ledgers and trial balances
- Fewer duplicate entries through automatic vouchers
- Account analysis at multiple levels
- Tracking of local- and foreign-currency vouchers
- Ledgers and trial balances
