Finance Module of Spice Manufacturing ERP

This module not only takes care of security but also integrates strongly with other modules of New Horizon. Instant automatic postings from other modules into the Finance module eliminates paperwork and prevents duplication and discrepancy of data. All business transactions are recorded according to the document principle, which provides an unbroken audit trail from the financial statements to the individual documents. Debtor and creditor accounts for customers and vendors are created automatically while defining them in respective modules. Strong integration with the Purchase module and Stores & Inventory module ensures data accuracy during payments and ledger postings. Apart from regular accounting, a strong collection of MIS and statutory reports help the management in making strategic decisions.

Key Highlights of Finance ERP Solutions

  • Instant automatic postings from other modules
  • Facility to keep two consecutive financial years open
  • Unbroken audit trail from the financial statements to the individual documents
  • Facility to create subsidiary ledgers for creditors, debtors, and employees in general ledger
  • Maintenance of accounts under account groups and sub-groups
  • Calculation of tax as per TDS categories and tax slabs
  • Maintenance of all day-to-day vouchers or paper-based manipulations such as Bank Book, Cash Book, Sale Book, Credit Note Register, Debit Note Register and many more
  • Maintenance of day-to-day transactions made with various banks along with the facility of online remittance
  • Maintenance of day-to-day transactions made in cash
  • Facility to assign expenses to Profit Centres and Cost Centres
  • Remittance for the debtors and creditors to adjust the transaction amounts against the invoices and bills respectively
  • Cheque book maintenance as well as printing
  • Sales/Purchase registers reflecting GST details