This is one of the well-known trading companies in UAE. Basic modules include receipt voucher, payment voucher, credit note, debit note, journal vouchers and petty cash vouchers. In receipt voucher advance received from customer are booked as liability in the beginning. Payment voucher consist of cash payment, bank payment and PDC payment. Credit note are generally the documents that are created for credit note. Debit note are generally the documents that are created for debit note. Journal vouchers are the documents that are created for journal voucher. Petty cash voucher are the documents that are created for petty cash voucher.
Other modules include PDC maturity posting, financial allocation, bank reconciliation and financial budgeting. PDC maturity posting generally transfers matured PDC’s to banks. Financial allocation provides reconciliation with financial allocation. Bank Reconciliation provides reconciliation with bank statements. In financial budgeting, budgeting entries can be made and also budget and actual comparison can be obtained.
There are also few other modules like fixed assets category master, fixed assets master, fixed assets addition entry, fixed assets disposal entry, depreciation posting, depreciation transaction and fixed asset register. Fixed asset category master basically arranges the asset categories according to their main purposes. Fixed assets master is used for maintaining company’s fixed assets. Fixed assets addition entry are generally the cost expenditures which are used for investment of companies. Fixed asset disposal entry usually happens when a fixed asset is destroyed because of its expiry date. Depreciation posting are basically used for storing assets and displaying voucher entries. Depreciation transaction is basically used for determining the disposal of fixed assets. Fixed asset register displays the list of assets which are maintained by the company.