Accounting and Bookkeeping module for Perfex CRM

Note: This is a module for Perfex CRM. Not a standalone script.

Brief description

Accounting is the process of recording and tracking financial statements to see the financial health of an entity. This is done by inputting, sorting, measuring, and then communicating transactions in various formats. Accounting consists of bookkeeping and analysis. Bookkeeping, or financial accounting, consists of recording transactions, which can include purchases, sales, and receipts of an individual or an organization. Once the bookkeeper records and organizes all of the transactions, the next step of accounting is to analyze these transactions into helpful reports which will show the state of one’s finances. These reports can include profit/loss statements, cash flow reports, and can track sales tax to keep a close eye on what is owed come tax time. With small business accounting done right, small business owner will be able to have a clear understanding of the state of your finances so you can make better decisions based on what you have available.

The benefits of a Accounting & Bookkeeping module

Using this module helps in relieving the burden of manual data entry, prevents common human errors, helps businesses and accountants when tax time comes around and allows the user to look at in-depth reports of how their business’ finances are faring. Perhaps the biggest advantage of this module is all of the time it will save. With this module, all of their financial reports will be consolidated into one online system, making it easier to keep track of their records. An accounting module for businesses offers the ability to automate many processes which will not only save time but will also ensure accuracy and efficiency with one’s financial reports.

Module Features

1. Dashboard: Profit & Loss Chart, Income Chart, Expense Chart, Cashflow Chart and Bank Accounts Overview
2. Banking:
   • Bank Accounts Management
   • Banking Feeds: Download Transactions, Import Transactions, Add/Edit/Delete Transactions, Match/Ignore Transactions, Verify Account
3. Transactions Management:
   • Mapping Bank Statements to Accounting
   • Mapping Invoices to Accounting
   • Mapping Payments to Accounting
   • Mapping Expenses to Accounting
   • Mapping Purchase to Accounting (need to integrate with Purchase Management module)
   • Mapping Inventory to Accounting (need to integrate with Inventory Management module)
   • Mapping Payroll to Accounting (need to integrate with HR Payroll module)
   • Mapping Manufacturing to Accounting (need to integrate with Manufacturing Management module for Perfex CRM)
   • Mapping Assets to Accounting (need to integrate with Fixed Equipment Management module for Perfex CRM)
   • Mapping Sales Order Return to Accounting (need to integrate with Omni Channel Sales module for Perfex CRM)
   • Mapping Sales Refund to Accounting (need to integrate with Omni Channel Sales module for Perfex CRM)
4. Bills Management
5. Checks Management
6. Register is where you quickly enter money you have received from your customers and payments you have made to your suppliers or vendors
7. Banking Rules: to automatically categorize transactions
8. Journal Entry: to record transactions in the general ledger
9. Transfer: to transfers of amounts between accounts
10. Chart of Accounts: is a list of the account numbers and names relevant to your company. Typically, a chart of accounts will have four categories (Asset accounts, Liability accounts, Income accounts and Expense accounts).
11. Reconcile: is the process of matching transactions entered into module against your bank or credit card statements
12. Budgets Management: supports preparing budgets, which help you monitor, track, and compare expected income and expenses with actual income and expenses. When you prepare a budget, you typically prepare it for a fiscal year, and you can opt to supply budget amounts or use historical amounts
13. Mapping Setup:
    • General Mapping Setup
    • Payslips Mapping Setup
    • Purchase Mapping Setup
    • Inventory Mapping Setup
    • Manufacturing Mapping Setup
    • Omni-channel Sales Mapping Setup
    • Fixed Equipment Mapping Setup
14. Business Overview Reports:
    …