Financial Management

Accounts Payable Accounts Receivable Budgeting Cashbook Fixed Assets Financial Reporting Financial Ratios

General Ledger Ledger Tax Report Manual Journals Standard Journals Multi-Currency Business Units Availability

Accounts Payable

Manages the accounts payable process, including amounts outstanding and payments due alert. Applies settlement discount. Facilitates commission payment for external agents. Caters for Foreign Exchanges contracts.

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Accounts Receivable

Manages debtors, including statements and debtor ageing, settlement discount and automatic interest calculation on overdue accounts. Manages debtor balances and allows for credit management.

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Budgeting

Allows for multiple concurrent ledger and sales budgets. Simple creation using adjusted historical figures. Sales budgets on various levels, including customer, item class, item groups, individual items and/or sales person. Compare approved and latest budgets with actual.

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Cashbook

Process payments and receipts made. Transfers between cashbooks. Performs bank reconciliations. Allows for cancelled and not honoured transactions. Applies settlements from bank transaction entry.

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Fixed Assets

Manages fixed asset classes and fixed assets. Allocate assets between various business units. Maintain book and tax values. Scheduled and ad-hoc depreciation entries. Asset tracking and reporting.

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Financial Reporting (ledger based)

Design and use any number of general ledger based reports. View financial reports in real time. Compare financial reports on monthly basis.

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Financial Ratios

Analyse financial ratios in real time.

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General Ledger

Set up general ledger per business unit. Manage transaction application per ledger account.

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Ledger Tax Report

Manage tax (VAT) from the system. Monthly or bi-monthly basis supported. Retain workings within the system indefinitely. Automated payment via cashbook.

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Manual Journals and Standard Journals

Use manual journals for ledger posting where the source process is not managed within Forward ERP. Standard Journals provide for manual journals that are performed periodically. Use the manual journals also for provisions and accruals that are automatically reversed.

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Credit Management

Control credit limits per organisation or organisation grouping. Apply credit limits on order entry and/or invoicing.

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Multi-Currency

Deal with customers and suppliers in their own currency. Manage foreign currency cashbooks.

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Business Units

Create and maintain unlimited number of business units (can be profit centres and/or cost centres). Maintain and easily modify the organisation structure. Perform financial reporting on business unit level and perform consolidations. Ledger and system settings maintained on the business unit level. 

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Availability

The system remains available at all times, and month-end or year-end processes do not require it to be unavailable at these times.

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