The Financial Accounting has been specifically designed to solve any difficulties of the accounting and financial tasks. It is also designed in conformity with the Generally Accepted Accounting Standards, related laws and the Revenue Code in Thailand. Moreover, it also provides a lot of reports which may be required from management team and fully integrated with the operational modules.
General Ledger
General Ledger handles all general accounting tasks. It import most data from Accounts Receivable, Accounts Payable and Cash and Bank Control sub-modules, however, you are still able to do the data entries directly to General Ledger if you need.
With General Ledger you can:
Design chart of accounts to suit your company’s organization. You can create account groups to classify your account as needed, however, General Ledger provide standard chart of accounts for you with a minimize customization.
Create segments which represent as the company’s profit and cost center.
Record accounting transactions on the screen designed friendly and easily to use. Document number can be assigned up to 20 character length together with the sufficient entry explanations.
Design financial reports and accounting forms in any formats and unlimited quantities. Besides the reports and printing forms are able to be exported as files of Excel, Acrobat and other popular application.
Trial Balance and Financial Statement General Ledger generates Trial Balance and Financial Statements as soon as the posting of transactions
General Ledger Listing This report prints all transaction movement grouping in account code and job number.
Accounts Receivable and Payable
Accounts Receivable and Payable handles all accounting transactions and reports related to receivable and payable. You are able to use the modules to create invoices and track sale, purchase, receipt and payment transactions of each receivable and payable. Besides, the modules are fully integrated with the Cash and Bank Control and General ledger.
Implement your own document numbering formats. The formats which comprise prefixes and sequence numbers are to be automatically assigned to all documents generated from these modules.
Service codes with accounting assigned invoices and vouchers creation under these modules will be no longer complicated.
Create both local and oversea invoices/vouchers with job number reference according to Job Costing System and value added tax point supported.
Specify document date as printed date and another one for revenue and cost recognized date.
Adjust and write-off accounts receivable and payable from sub ledger with “Adjustment Notes”.
Print receivable and payable outstanding reports as soon as the transactions are added.
Create reports and printing forms in any formats and unlimited quantities. Besides, all reports and printing form are able to be exported to Excel and PDF.
Accounts receivable and payable inquiry screens display details of invoices/vouchers, receipt/payment and outstanding of each receivable and payable.
Customer and vendor transaction movement reports These reports include the movement of invoices/vouchers and receipt/payments in specified period. The reports can be printed in Thai Baht and oversea currencies.
Documents aged balance reports These reports include outstanding balance of accounts receivable and payable , ages of the documents (total number of days between document date and data specified) and overdue days (total number of days between due date and reports printed date). The reports can be printed documents cut off by document date and accounting date.
Cash and Bank
Cash and Bank Control handles all transactions related to cash and bank accounts. You are able to use this module to enter receipt and payment transactions and print business and tax related forms. Cash and Bank Control also fully integrated with other modules of Forwardpro Xpress.
Record local and oversea receipts by cash, cheque and transferring and proceed transaction offsetting. You are also able to record prepaid tax and print receipts, tax invoices, advance receipt and so no in any formats and unlimited quantities.
Record local and oversea payments by cash, cheque and transferring and proceed transaction offsetting. You are also able to record withholding income tax, print payment voucher, cheque forms and so on in any formats and unlimited quantities.
Record unlimited prepayments or advanced receipt. The receipt and payments will be matched with original invoice or vouchers as soon as both of them are posted.
Print receipts and tax invoices showing applied invoice details and/or service description details.
Specify document printing date differently from the general ledger date.
Print value added reports, withholding income tax certificate and its attached sheets.
Print post dated cheque movement report and outstanding balance.
Fixed Assets
The fixed assets module make asset control and depreciation better and reduce the mistakes that can occur from fixed asset control and depreciation with Excel.
Create an unlimited number of Asset Items with complete details.
Create unlimited Asset Components per asset items and depreciate the assets under the asset component according to the accounting standards.
Record purchases and sales in the Accounts Receivable and Payable (RP) module and create journal entries once then transaction added (Real time).
Monthly depreciation can be done all items at the same time or only items specified.
Change estimation of age and residual price of the assets. The depreciation of the new estimation will be recalculated accordance with accounting standard.
Split assets from one to many as needed and then new assets' cost and accumulated depreciation will be recomputed.
Print various reports such as the outstanding and movement of assets and accumulated depreciation at the end of the month and etc.