Reckoner Financials

Can define the hierarchy of the organization and reconcile the accounts across various locations.

Can define various types of Vouchers, which could be automatically generated or manually entered.

Budgeting: Exercises control over funds and liquidity of the firm.

Costing: Allocate cost among cost centres or units and represent the value flow in the organization.

Can adjust external party payments and monitor pending transaction.

Different taxes can be defined with slabs and Tax deduction certificates can be generated. System can also deduct TDS automatically.

Providing depreciation simulation and forecasting and seamless integration to company wide budgeting, cost planning, and financial consolidation.

Reconciling the balances of bank and party.

• Multiple levels of controlling account and sub ledgers
• Suitable Definition of Financial years and Financial Periods
• Suitable vouchers and Day Books
• Transaction view of financial information

• Automated Payment Processing
• Adjustment of vouchers against Receivables and Payables
• Comprehensive invoice matching performance/bill processing
• Useable Receivable transaction types
• Cash plans and another projections based on historical data

• Hierarchical cost centers according to areas of responsibility
• Automatic generation of Cost sheets
• Allocation of combined expenditure to cost centers
• Supports allocation of expenditure to main cost centers
• Supports both fixed and standard costing
• Integrated with GL and material modules

• User can define budget documents and budget centers
• Attachments of Cost centers and Accounts with budgets
• Flexible budget for different periods
• Control of budgets

• Define assets in a hierarchical structure
• Use definable depreciation rates with different methods of depreciation
• Automated depreciation calculation and posting in accounts
• Maintenance of fixed assets register
• Support for sale and purchase of assets
• Addition to the fixed assets are possible on line

• Definable different types of taxes
• Slabs can be defined for different tax rates
• Automatic deduction of TDS at the time of voucher entry
• Generates Tax Deduction Certificates on the basis of different types of taxes
• Association of accounts with tax for posting

• Multiple currencies can be defined in the system
• Manage transactions in foreign currency
• Automatically perform currency conversions
• Define currency, Prime Buy, Sell and Mid Rate for each transaction online

• In Reckoner Financials you find an able assistant through reports like Balance sheet, Profit and Loss account which are created
• Cash projections and analysis through Cash flow statement
• Flexible statements on Assets, Liabilities, Income and Expense for weekly, monthly and yearly periods
• Definable set of Balance sheet and Profit/Loss

• Online Authorization of Documents
• True Workflow based system
• In built Mail system
• Alerts can be set in the system to monitor exception
• Ensures people access only the information they need and are authorized to access