Banking
The Banking module handles all financial transactions related to the company's bank accounts. It allows users to manage and track bank deposits, withdrawals, transfers between accounts, and reconcile bank statements with recorded transactions. This ensures that financial records are accurate and reflect actual bank activity. Features may include:
- Bank account management
- Transaction history
- Automated or manual reconciliation
- Bank feeds integration
Estimate & Invoice
This module enables the creation of cost estimates (quotations) and invoices for customers. Estimates can be easily converted into invoices upon approval. It supports tax calculations, custom invoice templates, payment terms, and integration with inventory if needed. Features include:
- Create and send estimates/quotes
- Convert estimates to invoices
- Manage invoice due dates and statuses
- Add tax, discounts, and notes
- payments
Pre-Order & Bill
This module tracks customer or vendor pre-orders and allows businesses to generate bills for partial or full payments. It's especially useful in scenarios involving advance orders, staged deliveries, or partial billing. Key functions:
- Record pre-orders before full invoicing
- Generate bills against partial fulfillment
- Manage backorders or pending quantities
- Payments
Income & Expenses
Tracks all incoming revenue and outgoing expenses to give a clear picture of financial flow. This module is essential for daily financial management and ensuring that cash flow is healthy. It includes:
- Record all income from sales, interest, investments, etc.
- Log recurring and one-time expenses
- Categorize income/expenses by type, project, or department
- Upload receipts and attach to transactions
- Generate expense reports and analytics
Credit Notes & Debit Notes
Used to adjust original invoices when there are errors, returns, or changes. A Credit Note is issued to reduce the amount owed by a customer (e.g., product return), while a Debit Note increases the payable amount (e.g., additional services). Features:
- Issue credit/debit notes linked to specific invoices
- Auto-adjust customer/vendor balances
- Include reason for issuance (e.g., returns, discounts)
- Compliance with accounting standards
- Reflect adjustments in reports and ledgers
Balance Sheet
The Balance Sheet is a financial statement that summarizes a company's financial position at a specific point in time. It shows assets, liabilities, and owner's equity, ensuring that assets = liabilities + equity. The system auto-generates this based on recorded data. Key highlights:
- Real-time asset and liability tracking
- Categorization into current and non-current items
- Support for fixed asset depreciation
- Visual representation (charts or graphs)
- Filter by date or department
Profit and Loss Statement
Also known as the income statement, this summarizes the company's revenues and expenses over a specified period, showing the net profit or loss. It helps stakeholders assess business performance and profitability. Key functionalities:
- Compare income vs. expenses
- Calculate gross profit, operating profit, and net income
- Filter by time period (monthly, quarterly, annually)
- Drill down into categories or specific transactions
- Exportable reports for internal and external stakeholders
