Financial Modules

A. Define AR Code as Master Account or Subsidiary Account. Subsidiary Account (e.g. Branch/Division/Outlet etc..) can be assigned a Master Account to be billed B. Set pricing level entitled (e.g. Retailer, Wholesaler, Distributor, Cash & Trader) C. Define Price Group, Credit Limit, Credit Terms, Currency, Category, AR Group, Sales Person assigned Area, Market Segment, Carrier, Project and Delivery Mode D. Set Sales Tax Exemption status and enter License No and effective dates. This will enable the relevant Custom Forms to be printed automatically E. Term Discount for Prompt Payment feature (calculate from End of Month or Invoice Date) with User definable structure (e.g. 0 - 30 days = 1.5%, 31 - 60 days = 1%, etc) and auto generation of Credit Note (subject to approval before become official Credit Note) during issuing Receipt Processing F. Penalty for late payment (User set calculation from End of Month or from invoice Date) with User definable day and %, and auto generate Debit Note (subject to approval before become official Debit Note) during issuing Receipt Processing G. Multiple level discount setting H. User definable additional grace term for Credit Terms and Credit Limit I. Audit trail for all transactions and also for changes to AR Master Maintenance J. Notepad attachment in MS Word to input historical information for AR Management and Collection K. Set Tax Code (Taxable Supplies, Exempt Supplies or Non Taxable) L. Advance Payment and Float receipt (for unknown or unassigned payment) M. Display of all outstanding balance for all outstanding invoice during AR Receipt Processing with FIFO settlement function N. Contra A/C processing O. Generate Statement to include PD Cheque details (optional) P. Report for sub account and master account Q. Report with base and foreign currency R. Powerful analysis and enquiry with drill down function and graph S. Reminder Letter can be set by cutoff date