What is branch accounting?

If your company has more than one branch or site or warehouse, accounting for all those branches from the head office, is called branch accounting. Our software automates this process completely. Saving you lots of manual labor in controlling your branches from your head office.

How is branch accounting automated?

To automate branch accounting, take the following steps.

• Purchase computers for each of your branches.
• Install our software at each of your branches.
• Purchase a DSL/broadband internet connection for your head office.

When you have taken these steps, your branches will be fully under your control. Whenever you enter any transaction or master record it will become available at the branches within seconds. Whenever anyone enters any transaction at any of the branches it will be transmitted and integrated with the head office data automatically and without any human command within seconds.

• Fund request from branch
• Fund transfer to branch
• Stock request from branch
• Stock transfer to branch
• Stock receipt from branch
• Create an invoice at the head office and print it at the branch
• Enter expenses at the branch and account for it at the head office

• Journals
• Automatic roll up to general ledger from other modules
• Up-to-Date Information
• Create Cost Centers or Departments when needed.
• Cashbook entry and reporting
• Handles accruals
• Profit and Loss statements
• Balance Sheets.
• Fully customizable, store up to 2000 extra pieces of special information in each ledger account.
• Both accrual and cash basis
• Multi-company
• Multiple Currencies
• Multiple departments
• Multiple profit centers
• Flexible financial years
• Flexible periods in a financial year
• Able to keep all years open
• No month and year end closing
• Extensive predefined accounting groups
• Quick transaction processing
• Consolidated reports and separate reports

• Purchase Bills
• Cash Payment
• Bank Payment
• Foreign currency suppliers
• Fully customizable, store up to 2000 extra pieces of special information in each supplier account.
• Place orders based on previous requisitions
• Free form Remarks field in Supplier accounts.
• Central Billing supported
• Multiple contacts per supplier
• Multiple addresses per supplier
• Multiple sub accounts per supplier
• Active/Inactive Suppliers
• Automatic purchasing accounts for every Supplier
• Fast access to vendor information
• Multiple user defined aging intervals

• Sales Invoices
• Cash Receipt
• Bank Receipt
• Flexible cash receipt entry
• On demand statements
• Fast access to customer information
• Multiple user defined aging intervals
• Easy write off of uncollected balances
• Unlimited sales tax authorities
• 100s of ready made sales tax percentage, surcharge and additional surcharge accounts
• Ability to display all reports
• Invoices may be entered and printed
• Invoices may be entered after they are issued
• Auto generation of invoices from other modules
• Tax automatically calculated.
• Effortlessly reproduce invoices.
• Full drill-down on invoices.
• Sort transactions by any field.
• Customizable forms using inbuilt document designer.
• Multiple Contacts per customer.
• Receipts, Credit Notes.
• Consolidate multiple orders with Invoices and Deliveries.
• Flexible Discount.
• Multiple addresses per customer
• Multiple sub accounts per customer
• Quick look at recent product sales.
• Customer sales graphs.
• ‘Suggest Order’ based on previous transactions by that customer.
• Foreign currency customers.
• Forward dated invoices.
• Copy feature lets you create a new bill from an old bill without reentering item data
• Supports free form notes and additional invoice messages

• Cash Sales
• Cash Sales Return

• Record promises of payment on specified dates to the sales invoice records.
• Get reminded on the promised date to call again.
• Centralized recording of notes to records ensures that all employees are aware of activity regarding that transaction.

• Letters of Credit
• Bill of exchange received
• Bill of exchange given
• Bill discounting

• Consignment Goods Dispatch
• Consignment Goods Return
• Consignment Sales
• Consignment Sales Return

• Consignee Goods Received
• Consignee Goods Returned
• Consignee Sales
• Consignee Sales Return

• Track every piece of inventory as to cost, availability, price and ultimate destination
• Lot and serial number management
• Office supplies Tracking
• Spare parts tracking
• View Stock Movement
• Serial Number or Batch Lot Tracking
• Free form Product Codes
• Free form Description field
• Gives alternate part numbers
• Handles Bin Locations
• Weighted average, FIFO or standard costing
• Product Groups
• Decimal quantities
• Sales and purchase units of measure can differ
• Maintain quantities in count and weight and volume
• Track different attributes like size, color, style, manufacturer etc
• Extensive predefined list of billable and non-billable units.
• Predefined billable units for count, length, weight, volume, area, energy, data and time.

• Due dates per Line item
• Due date tracking for sales orders
• Take orders by weight and track deliveries by numbers.

• Due dates per line item
• Shipping address per line item
• Order by weight and track receipt in numbers.

• Gross Block
• Depreciation
• Net Block
• Track depreciation ledger separately from accounting ledger

• Print Bar Codes
• Scan bar codes
• Page Scan bar codes
• Print bar coded inventory tags
• Print bar coded employee photo ID cards
• Bar coded attendance recording
• All 1D bar code types supported for printing/scanning
• 2D bar codes supported for scanning

• Create customized reports showing specific business analysis summaries.

• Keep track of competitors
• Keep a list of your competitors
• Built in competitor groups - Nearby competitors, Internet competitors, Competitors in this city/state/country.
• Record and track competitor's marketing campaigns
• Record and track competitor's product lines, product features and versions
• Record and track competitor's product pricing

• Simple to create new reports, just specify what fields or calculation you want in each column.
• Pivoted reports - Create the most powerful transformation of reports
• Business graphics - Charts and graphs
• Vertical and horizontal comparison charts
• Simple arithmetic functions, sum, average, countM
• Operators +,-,/,*,()
• Mathematical functions - cos, sin, tan, exp, log10, log, sqrt, acos, asin, atan, pow
• Boolean functions - and, or, true, false
• Date functions - dateof, monthof, yearof, monthofyear, dayofyear, daysinmonth
• Ad Hoc query system
• Does not require any programming skills

• Multiple contacts per customer
• Multiple contacts per vendor
• Multiple contacts per employee
• Multiple contacts per branch

• Keep track of subsidiary companies.
• Keep track of inventory separately for each subsidiary.
• Inter company transactions.
• Keep balances of customers and vendors for each company separately.
• Automatic posting of due to and due from amounts when an invoice of one company is adjusted against a payment of another company.

• All nation's currencies built in.
• Euro support.
• Daily currency exchange rate table.
• Gold, Silver, Platinum, Palladium Currencies in Ounces and Grams.
• Maintain balances in many currencies separately for any account.
• Track realized gain and unrealized gain/loss.

• Physical Goods Receipt
• Physical Goods Dispatch
• Physical Inventory Adjustment

• Cyclical Inventory Checking
• Random Inventory Checking
• ABC Inventory Checking
• VED Inventory Checking

• Receipt Cleared
• Payment Cleared
• Cash Deposit
• Cash Withdrawal
• Bank Charges

• Predefined cash @ counter accounts for 100 counters. You can create more if you wish.
• Vault Cash Tracking
• Cash in hand Tracking
• Coins and notes tracking. For every transaction involving cash, enter the count of different denominations of coins and notes received and given back.
• Know accurately how much cash you have and in what denominations.
• Cash inventory calendar for each denomination.
• Predefined denomination fields covering all the currencies of the world like 0.01, 0.02, 0.05, 0.1, 0.2, 0.25, 0.50, 1, 2, 5, 10, 20, 25, 50, 100, 200, 250, 500, 1000 etc.
• Use the same accounts for all the branches and subsidiary firms. Balances maintained separately for each branch/firm/currency for each account. No need to create separate cash accounts.
• All the currencies of the world built in to the software.
• Euro support.
• Automatic Realized/Unrealized gain/loss calculation for cash transactions and cash on hand.
• FASB cash flow statement.

• Tender Invitation
• Bid Received
• Tender Approval
• Earnest Money Deposit and Refund

• Sub Contract Order
• Goods Delivery to Contractor
• Goods Receipt from Contractor
• Dunning Letters to Contractor

• Freight Bill
• Lorry Receipt Notes

• Contract Pricing
• Quantity Contracts
• Automatic Pricing Updates
• Component Pricing
• Rental Pricing
• Seasonal Pricing
• 5 level Volume Discounts

• Delivery Scheduling
• Delivery Route Management
• Van Stock Management

• Drop Ship PO
• Customer To Supplier Indent
• Supplier To Customer Delivery Tracking
• Customer To Supplier Payment Tracking
• Commision Debit Notes To Customer

• Customer Quotations
• 5 level quantity based quoting

• Jewellery and other Item Appraisals
  Attach photos to transactions and print them

• Layaway order
• Layaway Reminders
• Layaway receipts
• Layaway cancel
• Layaway delivery

• Stock Issue to Show
• Stock Receipt from Show
• Stock Loss at Show

• Issue Gift Certificates
• Redeem Gift Certificates
• Automatic Gift Certificate Expiry

• Financial Alerts
• Stock Alerts
• Transaction Alerts
• Intra Store Mail

• Every change to the database is recorded with information as to who did the change, what was changed, when it was changed, where it was changed from and how it was changed.
• Temporal view. You can see how a record looked like in the past by reversing the changes.

• Rental Booking
• Automatic Rental Pricing
• Items Lent Out Tracking
• Items Returned Tracking
• Rented Items Loss Tracking
• Schedule Movement of Rented Goods from customer to customer or warehouse

• Enter standard costs for items and services for automatic calculation of gross profit.
• Standard costing calculates gross profit for each and every line item of every invoice.
• Revise standard costs on a per branch basis.
• Compare standard costs with actual costs.
• Automatic posting of cost variance between standard costs and actual costs.

• Picking Sheets
• Return To Vendor Zones
• Picking, Packing and Shipping Zones
• Cross Docking

• Fleet Scheduling

• Setup customer credlit limits
• Setup vendor credit limits
• Automatically stop order taking for customers over credit limit
• Customers over credit limit report
• Setup credit limits for each customer sub account and a total limit for the entire company
• Customer over credit limit alert
• Customer back within credit limit alert

• Serial Number Tracking

• Enter customer names in any or all languages at the same time.
• Print invoices in customer specific languages.
• Interface language is English.
• Type your mother tongue using english pronunciation with inbuilt phonetic transliteration enabled fields.

  With this software you can type your mother tongue by typing the pronounciation in english.
  You can also type accented letters very easily.

  What You type	How it appears on screen	Language
  fi ayyu waqt taseeru?		Arabic
  thamizh ezhuthinaen		Tamil
  namaste, tum koun ho?		Hindi
  neeru kudi		Kannada
  Franc&,ais ho^te		Typing French using English keyboard

  • Also supported other languages not shown here
• Full support for display and printing of right to left languages.
• Full unicode support. All text is stored in UTF-16.
• Text rendered in HTML, so text automatically reflows without overlap or truncation to accomodate different font sizes required for different languages.
• Complex script display and printing support.
• Some of the complex scripts supported by this software
  Right to left scripts: Arabic, Persian, Farsi, Urdu, Hebrew
  
  Central: Armenian
  
  Cyrillic: Russian, Belorussian, Ukrainian, Uzbek, Bulgarian, Serbian, Macedonian, Kazakh, Kirgiz, Azerbaijani
  
  European: French, German, Spanish, Bulgarian, Basque, Croatian, Czech, Danish, Dutch, Finnish, Georgian, Greek, Hungarian, Icelandic, Italian, Latvian, Lithuanian, Norwegian, Polish, Portugese, Portuguese, Romanian, Swedish, West, East, Central, Scandinavian, Greek, Turkish and more
  
  Indian (North): Hindi, Marathi, Sanskrit, Punjabi (Gurmukhi,Gurmuki), Gujarati
  
  Indian (South): Tamil (Thamizh), Kannada