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The GL System is designed based on PFRS and compliant with BIR CAS and loose-leaf requirements. It's integrated with the T10-BIR System that automatically computes taxes, generates returns and dat files for eSubmission.
It is further integrated with front-end modules such as Sales and POS, Inventory, Payables, PPE, Project Management, Payroll, HOA and others . It follows the double-entry bookkeeping method where each bookkeeping entry debits one account and credits another account in an equal amount. Thus, maintaining the accounting equation:
ASSETS = LIABILITIES + EQUITY
For a good internal control, direct access and posting of entries from the front-end modules into the GL is not recommended. This is to ensure that only accounting personnel have access on recording of journal entries. To integrate and automate the entries coming from the front-end modules, DTS (Data Transfer Service) is provided to serve as bridge between the GL and the front-ent modules. GL pulls data from the front-end module and automatically record the entries through batch processing. However, system developer can still design the front-ent module to automatically post the entries into the GL if seamless integration is more desireable than the additional layer of internal control obtained through batch processing.
Key Features:
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Module
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Specifications
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Books of Accounts
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Journal Voucher Register
Sales Journal Register or Cash/Checks Receipt Books
Purchase Journal Register or Check Disbursement Book
General Ledger
(Additional Books can be added by the user. Separate Books for the branches can also be setup)
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Journal Entries
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Journal Voucher (JV)
Payable Voucher(PV)
Check Voucher (CV)
Cash/Check Receipts Book (OR/CR)
Sales Journal (Invoice)
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Account Listings and Subsidiary Ledgers
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SL - Accounts Receivables
SL - Accounts Payables
Income and Expenses Accounts
Account listings for all accounts
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Controls and Other Entries
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Closing of Accounting books
Year-end closing of Nominal Accounts
Automatic Journal Entries
Auto-generation of Document Number
Accounting for Collections
Accounting for Disbursement
Bank reconciliation
Request for funding
Check Printing
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Financial and Management Reports
FS for each branch
Consolidated FS for group of companies
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Statement of Financial Position
Statement of Comprehensive Income
Statement of Cash Flows
Statement of Changes In Equity
Financial Ratios
Checks Monitoring Report for PDCs, Released, Unreleased, Cleared and Uncleared Checks
General and Administrative Expenses
Create your own report templates using Excel, Word, PDF, Crystal Reports and SQL Reporting Services
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Project Cost System
(Separate system)
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Project Estimate Master File
Cost Estimate vs. Actual Cost
Cost Estimate vs. Amount Requested
Request For Payment
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BIR Module (Integrated with GL Entries)
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CAS Books of Accounts
Loose-leaf Books of Accounts
Monthly Debits and Credits
eBIRForms: 2550M, 2550Q, 1601C, 1601E
2307, 1702Q
SLSP,Alphalist, SAWT & MAP
Relief
DAT File Generation
List of Regular Suppliers
eSubmission
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