FINANCIAL ACCOUNTING

ADRoit Financial Accounting cuts expense while you improve accuracy and increase flexibility.
Finance is a vital function of any organization. ADRoit Financial Accounting enables streamlining of financial operations of a company. It integrates ADRoit with Sales, which gives information about the customers to ADRoit Finance and receives data on excise, freight and the various taxes and deductions. ADRoit Sales sends the invoice details to ADRoit Finance for updating of finance heads. Integration with ADRoit Purchase which is a source of information about the suppliers / sub-contractors and receives data on excise, freight and the various taxes & deductions from ADRoit Finance. The Purchase Bill generated in ADRoit Purchase is used to update the finance heads Interfaces with ADRoit Payroll for updating the salary heads.

Features
In ADRoit Finance, various accounts are created which are specified under different groups. Transactions are carried out on these accounts.

ADRoit Finance provides the flexibility of user-defined financial year. Budget is allocated for a financial year and actual utilization of the same is provided.

ADRoit Finance provides a feature of on-line posting of vouchers, which can only be done by an authorized user.

Multi-currency transactions are possible by defining one of the currencies as a base currency & specifying the conversion rates with respect to other Currencies.

ADRoit Finance provides the flexibility of user-definable rates for taxes and deductions, excise and freight.

ADRoit Finance also allows generation of statutory tax reports.

A particular month or year can be frozen for making entries at any time without closing the financial year or the financial period. Also a new financial year can be opened & accounts of previous year can be transferred to the next year without closing the financial year, so that user can still make entries for the previous year.

In case of a customer defined in ADRoit Sales, user can specify whether a receipt is against an Invoice, or on account, or an advance is being adjusted. Similarly, payment voucher for cash or bank can be made for any account.

For a supplier / sub-contractor defined in ADRoit Purchase, it can be specified whether payment is made against the Purchase Bills or on account, or as an advance.