Integrated Finance Module
The integrated finance module triggers journal entries automatically from every operational action, reflecting all financial transactions without re-entry.
What it does
Against all the actions of the operation module, journal entries will be triggered in the finance module reflecting all the financial transactions. This feature will help your accounting person handle customers easily. Payments may be done partially or fully sometimes at origin or destination, so all these complicated accounting transactions can be generated from the operation without the need for journal entries.
Among the detailed features, a few important ones are cost center, general ledger report, batch invoicing, Proforma DA, financial period summary, profit and loss reports, income statements of shipments and jobs, asset or liability balance sheets, aging report, payment report, outstanding report, tax summaries, sundry debtors and creditors, actor specific ledger report, consolidation accounting report, reports of multiple branches and agencies, manifest report, virtual ledger, etc.
While maintaining a specific ledger for every walk-in customer, the chart of accounts will get bulged. So instead of that Logipulse helps the system to act as a ledger automatically with its virtual ledger feature.
- Operations post to finance automatically
- No duplicate data entry
- Accurate, real-time books
Frequently asked
How is finance integrated with operations?
Every action in the operations module triggers the relevant journal entries in the finance module, reflecting all financial transactions automatically.
What finance reports are available?
Reports include cost center, general ledger, batch invoicing, Proforma DA, profit and loss, income statements, balance sheets, aging, payment and outstanding reports and tax summaries.
What is the virtual ledger?
Instead of maintaining a separate ledger for every walk-in customer, the virtual ledger lets the system act as a ledger automatically, keeping the chart of accounts manageable.