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Financial stability is the foundation of a successful business. Thus, a sound financial system is the core of a reliable and quality information system. Project Accounting is developed specifically to cater the needs of management for a fully effective and efficient information management system. With the multi-company and multi-currency feature, it delivers a comprehensive and fully integrated system for companies to operate competitively in their daily operations. For a full range of modules incorporated in Project Accounting, please refer below.
 
> General Ledger
> Accounts Payable
> Accounts Receivable
> Cash Book
> Project Ledger
> Other modules
 
General Ledger
  • The General Ledger module is the core of the Project Accounting. All related modules are integrated to this module. Adjustment or journal entries from other modules are automatic posted (online-posting) to this module.
  • The “open-period” capability enables users to enter and post transactions for any future period. Users no longer need to wait for the previous month to close so that they could enter current or future month transactions. In fact, this capability has been incorporated to all other modules.
  • Financial reports can be preformatted according to the management requirements by using the specifically designed Financial Template Designer. It can be duplicated and modified to print additional financial supplementary report such as Balance Sheet Notes and Financial Ratios Analysis Report.
  • Chart of Accounts can be designed in unlimited level and shared across companies, divisions and departments to avoid any duplication. Budget can be maintained for every Chart of Accounts created and financial reports can be formatted to include Budget for comparison with the financial actual result. Variances are automatically calculated.
  • For adjustment transaction for previous months and year, Project Accounting offers “Prior Adjustment” to enter adjustments transactions after the audited financial report is received.
  • It is able to store unlimited user-definable financial periods and fiscal years.
  • A drill-down capability enquiry feature is incorporated to enable users to search and view respective detailed transaction for accounts.
Accounts Payable
  • The Accounts Payable module support all types of creditor transactions, which include invoicing, debit and credit note, and as well as payment should the user do not have Cash Book module. Full and partial payment can be allocated to outstanding balances.
  • The “open-period” capability enables users to enter and post transactions for any future period. Users no longer need to wait for the previous month to close so that they could enter current or future month transactions. In fact, this capability has been incorporated to all other modules.
  • Retention monitoring based on job or contract specification for every invoices claimed by contractors is incorporated into the module. Releases of retention had been made easier with just a click.
  • A drill-down capability enquiry feature is incorporated to enable users to search and view respective detailed transaction for creditors.
  • Creditor’s Aging Analysis Report, Creditor Summary and Detail Report had been incorporated into the module to cater for management purpose.
Accounts Receivable
  • This module plays an important role in recording and monitoring billing, collection and credit control for the company. All kinds of billings based on transaction type such as general bill, miscellaneous bill and interest bill can be created.
  • The “open-period” capability enables users to enter and post transactions for any future period. Users no longer need to wait for the previous month to close so that they could enter current or future month transactions. In fact, this capability has been incorporated to all other modules.
  • A drill-down capability enquiry feature is incorporated to enable users to search and view respective detailed transaction for debtors.
Cash Book
  • The Cash Book is the cash transaction processing module that records all transaction related to cash. Cash collection from Account Receivables and payment to Accounts Payable is made here. Other than that, it also allows adjustment transactions related to cash account to be made here and later on integrate to General Ledger. Collection transactions will be integrated to Accounts Receivables and payment transactions is integrated to Accounts Payables.
  • Cash flow reports can now be created in any format by using Cash Flow Template. The template works like a report designer and any cash flow format is supported to cater for the management purpose.
  • The “open-period” capability enables users to enter and post transactions for any future period. Users no longer need to wait for the previous month to close so that they could enter current or future month transactions. In fact, this capability has been incorporated to all other modules.
  • The module includes a user-friendly bank reconciliation processing to facilitate the reconciliation of the bank statement.
  • An online Cash Bank Balances enquiry allows managers to view the most updated bank balances in the system. Besides that, a drill-down capability enquiry feature is incorporated to enable users to search and view respective detailed cash transaction in the cash book.
Project Ledger
  • Project Ledger is the module that monitors the cost activity of a project. All transactions related to a project from other modules will be integrated to this module. It gives a complete picture of the overall cost structure of the project.
  • Cost expenditure can be categorized into 2 categories of codes to further detail the budget spent on the project. Hence, analysis can be done on 2 or more projects based on the costing spent on every cost type.
  • With, the Project Ledger, project managers will be able to keep in touch with their costing and know when to take counter measures to keep their project cost low.
Other modules include:
  • Inventory Control
  • Invoicing
  • Fixed Assets
  • Material Requisition Order
  • Work Order

 

 
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