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e•Chain Finance
 
e•chain helps in automating the finance subsidiary-ledger and main-ledger business processes. e•chain Finance studies and addresses the ways in which businesses, and organizations raise, allocate, and use monetary resources over time, taking into account the risks entailed in their projects. The activity of finance is the application of a set of techniques that individuals and organizations (entities) use to manage their financial affairs, particularly the differences between income and expenditure and the risks of their investments. e•chain Finance modules assist companies to improve their financial processes, achieve increased productivity and reduced costs, and focus more on value-added activities. Finance is one of the most important aspects of business management. Without proper financial planning a new enterprise is unlikely to be successful. Managing money (a liquid asset) is essential to ensure a secure future, both for the individual and an organization. Online demo request..
Features
Fixed Assets
  1. Definition of fixed assets with details of quantity, cost, depreciation
  2. Classification of Assets based on Asset Categories
  3. Separate Books for Corporate Tax and Income Tax
  4. Tracking Asset Locations and Retirement of assets
  5. Calculation of depreciation based on SLM/WDV
  6. Maintenance of accumulated depreciation asset wise
  7. Pro-rate convention for calculation of depreciation
Fixed Asset Reports
  1. Fixed Asset Register
  2. Depreciation Report as per Stuatory Requirements
General Ledger
  1. Deep integrations with the subsidiary ledger modules - Payables, Receivables, Inventory, Shop floor management.
  2. Segmented accounting structure and Flexible financial reporting.
  3. Support to multiple set of books.
  4. Journal Batch and Vouchers - Functional and foreign currency.
  5. Currency and Currency conversions.
  6. Automated Bank Reconciliation
  7. Recurring Journals
  8. Period based accounting. Month end closing procedures.
  9. Daily close powered.
  10. Cash Forecasting
General Ledger Reports
  1. Balance Sheet - Flexible user defined schedules
  2. Profit and loss statement - Flexible user defined schedules
  3. Trial balance - Drill down report
  4. Ledger Report
  5. Cash flow statement
  6. Bank Reconciliation report
  7. Bulk posting of journals
Recievables
  1. Deep integrations with e-chain Shipping and e-chain General Ledger modules.
  2. Receivables Batch, Invoice, Credit memo, Debit memo and Advanced Deposits.
  3. Cash Receipts
  4. Miscellaneous Cash Receipts
  5. Void Cash Receipts and Miscellaneous Cash Receipts
  6. Group multiple Sales order shipments into single Invoice
  7. Automaically convert Sales order returns into Credit Memo's.
  8. Customer Ageing Analysis
  9. Credit Management based on customer classification and customers.
  10. Robust Tax Engine
Recievables Reports
  1. Debtor Ledger
  2. Debtorwise Overdue
  3. Debtorwise Ageing Summary
  4. VAT Output Register
  5. Sales Register
  6. DL Invoice Report
  7. Cash Receipts Register
  8. Bank Interest Report
  9. Cash Book Report
  10. Bank Book Report
Payables
  1. Deep integration with e-chain Purchasing, and e-chain General Ledger modules.
  2. Creditor's ledger Batch and Invoices.
  3. Creditor's ledger Credit memo, Debit memo and Pre Payments.
  4. e-TDS
  5. Recurring Creditor's ledger invoice
  6. Supplier payment vouchers.
  7. Miscellaneous payment vouchers.
  8. Void Supplier payments and miscellaneous payments.
  9. Group multiple purchase receipts into Creditor's ledger Invoice.
  10. Expense Reports. Online self service application.
Payables Reports
  1. Purchase register report
  2. Creditor ledger
  3. Creditors Ageing Summary
  4. Payments Register
  5. Unaccounted Supplier Batches
  6. VAT Input Register
  7. Unaccounted Supplier Invoices
  8. Misc Payments Register Report
  9. Supplier Invoice History
  10. Credit note register report
  11. Debuit note register report
  12. Forms 16A report.
  13. eTDS Report
  14. Payment due report
Benefits
  1. Analyze 3600 with Flexible accounting structure.
  2. Best accounting standards in place.
  3. Automate your Bank Reconciliation.
  4. Flexible reporting of financial statements as you need.
  5. Effective financial controls through period close processes.
  6. Electronic approvals and audit trails.
  7. Achieve Daily close.
  8. Robust and flexible in-built Tax engine.
  9. Improve cash management.
  10. Consolidate the financial statement across multiple entities
  11. Hierarchical account mapping.
  12. Drill down reports. Comparative reports.
  13. Manage all your fixed assets.
  14. Compare budget with actual.
  15. Indian and United States Statutory needs well addressed.
  16. Business intelligence reporting.
Day in the Life Demo Series (Finance)
 
 
Frequently Asked Questions (FAQ)
1)  What is the significance of Numbering sequence in e-chain?
2)  Can e-chain handle GL accounts at the tax level?
3)  What is the function behind “Transaction mapping” in e-chain Supply chain accounting?
4)  Does e-chain support TDS?
5)  Explain Bank in e-chain.
6)  How does the Month end processing work in e-chain?
7)  What is Cost type?
8)  What is a Ledger code?
9)  What is Cash receipt?
10)  What is Miscellaneous Cash payment?
11)  What is Supplier Payment Voucher?
12)  What is Miscellaneous Cash receipt?
13)  How to Adjust a prepayment against a Payable invoice
14)  How to adjust an advance receipt against a Receivable invoice
15)  How to perform Debit memo adjustment against Payable invoice
16)  How to perform Credit memo adjustment against Receivable invoice
17)  Does e-chain allow applying Cash receipts against multiple Receivable invoices?
18)  Is it possible to void a cash receipt?
19)  Explain Trail Balance report in e-chain.
20)  Explain Profit and loss statement.
21)  Explain Balance sheet statement.
22)  Explain e-chain’s Account grouping functionality.
23)  What are the main Ledger reports in Receivable and Payable modules?
24)  Explain Aging report in Receivable and Payable modules.
25)  What is the Importance of financial calendar?
26)  What is the usage of Finance unit?
27)  How do you implement VAT/ Cen-vat in e-chain?
28)  Is it possible to make entry in previous period with current date?
29)  Explain e-chain’s Test Ledger / Final Ledger / XML Exchange Server concepts.
30)  Explain Bank Reconciliation process within e-chain.
31)  Does e-chain support Recurring invoice/Journals?
32)  What all automatic data loading features provided by e-chain within Finance track?
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