Financial Management & Accounting

Managing Finances & Accounting

• Managing General Journals: Used by the Accounting team to record accounting transactions that do not originate from other modules (e.g., adjustments). Access via the General Ledger module > General Journals.
  
  
  

• Bank Reconciliation Process: Conducted by the Finance team at the end of each month to match the balance in the system with the bank statement. Access via the Finance module > Bank Reconciliation.
  
  

• Creating Financial Statements: Key reports such as the Balance Sheet and Profit & Loss Statement can be pulled at any time by management and the Accounting team. Access via General Ledger > Reports > Balance Sheet > Profit & Loss.