Financial Accounting Module
Financial Accounting Module of Horizon can automatically record and valuate finance and business activities into a single source of truth across the general ledger and all subledgers. It helps improve quality, close books more quickly at less cost, deliver better reports, and enable smarter and faster decision making.
This module of the software will take care of all accounts related entries and their impact on the whole system. How the finance comes and how it is been utilized. Total flow of money (Cash/Bank) and total expenditures will be reflected here. As an after effect of this, the management will be able to take their important financial decision, Budgeting etc. All sorts of important financial reports i.e. Trial Balance, Trading A/c, Profit & Loss A/c, Balance Sheet, Debtor’s Balance, Creditors Balance, Cash/Bank Fund position and many more are covered in this module.
Financial Accounting Module is fully integrated with the other modules of Horizon – EBS through relevant transactions. The Module contains complete functionality required for any Accounting Department right from vouchers to the Balance Sheet and Profit and Loss Account.
The Module also includes Cost Centers, which is completely flexible in terms of defining branch location, division wise and their components. Outstanding of Payables and Receivables with Ageing Analysis of both debtors and creditors with multilevel are some the sophisticated features of this module.
Enable accounting for multiple reporting standards and industries.
Record and manage accounts payable to vendors.
Record and manage accounts receivable for customers.
Record and manage fixed assets for multiple reporting standards.
Perform inventory valuation for multiple reporting standards
Manage high-volume accounts receivable and accounts payable
Manage revenues and costs for internal and external reporting.
Benefits at a glance
- Truly Multi Company, Multiple branches, Multi location, Multi department, Multi currency Environment.
- Powerful Enquiry with Extensive Search Facility in all major forms along with Date Filters, Various Search Options, Various Sort Options, Ascending Order Or Descending Order Display Options, No. of Records per Page View Options to be selected by the user.
- Auto Year-end Procedure. Auto generation of closing JV & P&L items. Auto transfer of closing balance to next year. No need to remember the closing accounts balances to be cleared.
- Powerful drill in drill out enquires (e.g. From Balance Sheet to lowest level of voucher details or From Job no. to Job level transaction).
- User defined transaction types as well as voucher types with individual security.
- Powerful audit trial that logs the users entering the transactions and also tracks the date, time and system from which the transaction vouchers are printed.
- Multiple sub-ledgers with online offline matching facility.
- User friendly PDC module for auto generating JVs’ for Release, Bouncing & Cancelling of cheques’.