Financial Management
We are all in business to make products — and profits. In addition to your complex manufacturing responsibilities, you need to pay debts, receive payments, manage assets, comply with local and international regulations, and execute global transactions.
HoneycombERP® Financial Accounting and Management business benefits:
• Improved reporting and visibility of assets and costs.
• Streamlined financial processes, including collection, financing, payment, and settlement
• Reduced overhead.
• Increased liquidity and improved cash management.
• Improves understanding and management of intangible assets and intellectual capital
• Solution-wide security and audit capability for corporate compliance issues.
HoneycombERP® Financial Accounting and Management is a powerful financial Accounting and management solution that enables you to manage your entire business profitably. Our solution supports multiple currencies as well as complex business structures so you can better manage your operations. HoneycombERP® Financial Accounting and Management helps you record, consolidate, and analyze your finances and provides complete visibility into enterprise-wide transactions.
HoneycombERP® Financial Accounting and Management includes powerful real-time analysis and advanced reporting options. Our solution simplifies all aspects of accounting including cash management, billing, accounts receivable and accounts payable. HoneycombERP® Financial Management comes with a powerful integration tool, which coordinates and consolidates all financial transactions between HoneycombERP® applications and any general ledger.
General Ledger
- Multi-Company
- Multi-Division
- Multi-Currency
- Variable Fiscal Calendar
- More Than One Period Open
- Flexible Quarterly Closing Periods
- Flexible Chart of Accounts
- Journal Voucher
- Bank Payment Voucher
- Bank Receipt Voucher
- Cash Payment Voucher
- Cash Receipt Voucher
- Ledger Management
- Closing and Audit Support
- Trial Balance
Accounts Receivable
- Customer Account Management
- Cash & Debit/Credit Note Management
- Customer Billing Management
- Invoice Related Document Attachments
- Currency Exchange Rates with Variance
- Delivery/Payment /Taxation Terms
- Fiscal Period Calendar Rolls
- Aging Receivables
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Accounts Payable
- Supplier Account Management
- Cash & Debit/Credit Note Management
- Supplier Invoice Management
- Invoice Related Document Attachments
- Currency Exchange Rates with Variance
- Delivery/Payment /Taxation Terms
- Fiscal Period Calendar Rolls
- Aging Payables
Fixed Assets
- Asset Registration
- Asset Classification
- Multiple Depreciation Methods
- Composite Assets
- Flexible Asset Structures
- Asset Transfer/Revaluation
- Asset Disposal/Retire
Costing Management
- Profit Center Accounting
- Cost Center Accounting
- Location Based Accounting
- Department Based Costing
- Project Based Accounting with Timelines
- Batch/Lot Based Product Costing
- Cost of Goods Sold (CoGS)
- Post Cost Allocation to GL
Bank Management
- Bank Accounts Management
- Multiple Currency Accounts
- Cheque Book Management
- Auto Cheque Printing
- Bank Charges & Profits
- Bank Ledgers
- Bank Reconciliation
Budgeting
- Budget Control Management
- Budget Accounting Management
- Support for Multiple Budgets
- Budget Methods: Fixed, Flexible and Total
- Incremental & Lapsing Budget
- Budgeting Management
- Budget Variance Reporting
Financial Reporting
- Financial Report Builder
- Financial Simulation Capability
- Electronic Financial Statements in XML/XBRL
- Create Statements Based on IAS
- Statement of Financial Position
- Statement of Comprehensive Income
- Statement of Cash Flows
- Other Compliance Reports
Financial Integration
- Financial Integration Control
- Auto Journal Voucher Creation
- Activity Based Posting Controls
- View Related Notes/Documents
- Voucher Approval Workbench
- Review Approval History