Accounting

Introduction

Accounting is one of the most important tools for success in any business. It plays a role in every financial decision you make. From purchasing vehicles, equipment and supplies, to increasing production, selecting inventory quantity, and determining salary amounts, accounting is a critical component of any successful business.

At LUVOTECH, our Accounting offering covers the entire basic accounting requirement of your business.

Features/Benefits

• Integration and Rolling up: Capable of centralizing multi branches accounting. High visibility of account details of all branches and subsidiaries.
• Eliminate redundant data entry: Supplier Receipts auto create AP records. Customer shipments auto create AR records.
• Flexible: Accounting posting can be done automatically or manually.
• Full audit trail: Simplify full audit trail on the approved transaction. A single database and therefore one version of the truth. Full audit trial for all editing on the approved transaction. Sort by whatever criteria. Fast string search (beginning & middle of any data field) with multiple search fields
  
• Gain deep visibility into transactions: Get a more informative view of accounting transactions and analyze transactions across General Ledger, Receivables, Payables, Inventory, Sales Order Processing, Purchase Order Processing, and Bank Reconciliation.
• Break down costs by cost center. Manufacturing Cost Accounting (MCA) module analyzes variances of actual versus planned/forecasted (labor cost, material costs, conversion cost). Calculate and summarize costs of Job/shop order/item.
• Foreign currency: enable forex gain/loss treatment (Hedging etc).
• Dashboard: Key Performance Indices (KPI) can be quickly created PivotTables to uncover the most relevant business information.

Sub Modules