Finance Module

FINANCE DEPARTMENT Guide :-Mr . Shankar Sharma

Different Modules of Finance Module:‡ General Ledger ‡Account Receivable ‡ Account Payable ‡Cash Management ‡Tax Deducted at Source ‡Tax Collected at Source ‡ Fixed Assets .

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Some of the do s related to finance module ‡All the payments and receipts shall be entered in ERP System ‡matching the Gate Entry Invoices shall be processed in ERP only ‡ NO direct cash payment ‡ Claims should enter it in to Bills Register ‡All Material transactions should be verified on weekly basis duly generating the report from ERP. ‡Daily Cash/Bank balances as per ERP shall be checked against actual balances. .

Cost Center wise Analysis Asset and Depreciation Management. General Ledgers Quarterly Financial Reports. Account Statements. Gross Profit Analysis. ABC Analysis and many more . Trial balance.Finance module in ERP gathers financial data ‡ ‡ ‡ ‡ ‡ ‡ ‡ ‡ ‡ ‡ Balance Sheet. Tax Management.

‡Provide accurate and timely data to make adjustments along the way ‡Reduced the cost of finance and compliance ‡Improve data accuracy ‡Enhanced and automated reconciliation ‡Minimized closing workload and potential for errors ‡Enable proper hedging strategies .Y F module ‡Assist in better decision-making and strategic planning.

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