The NG 365 Accounting module provides all the accounting functionality to enable effective costing, budgeting, planning, and Financial Reporting of your entire Company. It is combined with the NG 365 standard reports, NG Explorer, and Excel 365 as well as user-defined reporting in order view and analyze information with all the details you require.
NG 365 also includes multi-currency features enabling you to Buy , Sale and internally manage with any currency.
The NG 365 Accounting Module includes ALL functions such as: General Ledger, Budgets, Banking, Accounts Receivable, Accounts Payable, Cost Accounting (Average/Standard/Project) and a comprehensive financial reporting and analysis tool.
The NG 365 Accounting Modules offer the following:
The General Ledger is the basis to the accounting system that enables you to manage flexible accounting periods, with the ability to re-open periods, and numerous default account numbers to speed data entry. From the General Ledger form you can review all the activity for a specific Account ID
The Accounts Receivable is used to control all invoices. It is flexible and comprehensive, enabling you to ship transactions automatically and generate invoices for review and posting, with all details pre-populated. You can generate invoices manually, as well as process cash receipts invoice-by-invoice or in batch mode. Customer prepayments can be recorded, and you can apply finance charges, automatically, based on your criteria, either globally or customer-by-customer. In addition, you can setup recurring invoices. All accounting contacts are maintained separately from other NG 365 contacts to provide confidentiality. Standard A/R reports and user-defined reports make tracking your receivables easy.
The Accounts Payable is used to control all payables, and works in the same way as Accounts Receivable. Receiving transactions automatically generate completed vouchers for matching and posting, with all detail pre-populated and Purchase Price Variance calculated. You can modify, add line items and special charges to vouchers before posting. Generate manual vouchers for non-PO purchases. Vendor prepayments are handled with ease. Process payments invoice-by-invoice, or in batch mode. Setup recurring vouchers. All accounting contacts are maintained separately from other NG 365 contacts to provide confidentiality. Standard A/P reports and user-defined reports make tracking your payables easy.
The Budgeting module is used to control the Current Year Budget, Previous Year Budget, Current Year Actual, Current Year Operation Plan, and Variances. You can build different budgets using either fixed-dollar or percentage variables as required.
The Banking module is used to manage all cash flow. You can set up as many bank accounts as you need. You can write checks, and manage the deposits. The banking module enables simple account reconciliation - electronically import bank data – and click to clear items. The Bank Account List form is used to view your Checking, Savings and Cash accounts along with their Account ID, Currency ID and current balances.
The Financial Statments is used to generate All needed financial statments such as Profit and Loss, Balance sheet, cash flow and much more.
Cost Accounting within NG 365 provides you with as all cost accounting automation and details as you like. Choose from Weighted Moving Average and/or Standard. Track costs by Work Order and/or by Project etc..