Features
Financial Management
Main Features - Financial Management
Prime’s Financial Management feature is a product of years of extensive development and positive client feedback. It simplifies accounting processes by transforming them into a straightforward “enter your daily transactions” routine. From printing vouchers to tracking income and expenses across Cost Centers and Projects, Prime handles everything, ensuring complete financial control and accuracy.
Highlights:
- Integrated Financial Modules
Includes General Ledger, Accounts Receivable, Accounts Payable, Cost Centers, and Project tracking.
- Seamless Integration with Other Modules
Link with Prime Software’s Sales, Inventory, and Manufacturing modules, or use custom interfaces for automatic journal entries.
- Customizable Chart of Accounts
User-defined structure and descriptions to fit your business needs.
- Cost Center & Project Tracking
Link income and expenses directly to cost centers or projects for detailed financial oversight.
- Simplified Posting & Vouchering
Streamlined transaction, journal, and general ledger posting with automated routines and serialized journal numbering.
- Banking and Payment Monitoring
Cash-in-bank integration with check printing and payment monitoring for easy tracking of cash flow.
- Comprehensive Financial Reporting
Access real-time reports including Trial Balance, Balance Sheet, Profit & Loss, and Cost Center/Project performance.
- Debtor & Creditor Management
Direct transaction booking for debtors/creditors and detailed transaction cards with aging analysis.
- Flexible General Ledger Procedures
Selective and flexible posting options with comprehensive journal entry reviews and account balance inquiries.
- Aging Analysis & Payment Validation
Real-time aging analysis for Accounts Receivable and Payable, with validated payments and collections.
- Year-End Closing
Supports year-end closing, transaction date locks, and procedures for the new financial year.
- Optional Modules
Add-on tools for Budgeting, Foreign Currency, and Fixed Assets management.
Prime’s Financial Management feature offers a powerful, flexible, and automated accounting solution, ensuring that your finances are always under control and aligned with your business’s growth.
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