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Financial & Accounting Management

Accuracy

The SoSME ERP Finance & Accounting module empowers businesses to manage their finances with accuracy, transparency, and full compliance. Designed for SMEs and modern enterprises, it simplifies complex financial operations and provides real-time insights for smarter decision-making.

01

General Ledger

  • Journal Entries with Manual or Auto-Posting                  Transactions from all modules are posted automatically — ensuring your ledgers are always up to date.

  • Accrual Accounting Support
    Record revenues and expenses in the period they occur, not when cash changes hands — ensuring true financial visibility and compliance.

  • Recurring Journal Vouchers
    Automate repeating entries like rent, provisions, and depreciation with customizable schedules and approval workflows.

  • Progress Invoicing                                                          Create multiple partial invoices for a single sales order or contract as work progresses.

  • Retention Payments                                                    Hold back a portion of the payment until the completion of a project or service. 

  • Intercompany & Multi-Company Support
    Seamlessly manage financials across multiple entities, with intercompany journal entries, due-to/due-from tracking, and consolidated reporting.

  • Accurate, Consolidated Financial Statements
    Generate real-time balance sheets, P&L, trial balances, and cash flow reports — filtered by company, branch, cost center, or group level.

02

Monthly & Yearly Closing

  • Month-End Closing                                                            Validating and posting all pending transactions, including invoices, receipts, and accruals, followed by reconciling bank and cash accounts. After reviewing and finalizing journal entries, key reports such as the trial balance and profit & loss statements are generated. Periods are then locked to prevent unauthorized changes.

  • Year-End Closing Automation                                          Automatically transferring profit or loss to retained earnings, carrying forward balances to the next fiscal year, and finalizing depreciation and other closing adjustments. Financial data and audit trails are securely archived to ensure compliance and facilitate future audits.

  • Periods control                                                                             Periods are securely locked to prevent unauthorized changes, with admin override rights available only to designated personnel for controlled access

  • Seamless Billing with CRM & Sales Integration
    Manually or Auto-generate invoices from approved sales orders, quotes, or recurring service contracts — directly linked to your CRM and sales pipeline.

  • Customer Receipts, Credit Notes & Statements
    Record payments across cash, bank, or digital channels. Issue credit notes for returns or discounts, and generate customer account statements on demand.

  • Real-Time Aging & Overdue Alerts
    Instantly track receivables by aging bucket, customer, or region. Get alerts for overdue invoices to prioritize collections and reduce DSO (Days Sales Outstanding).

03

Accounts Receivables

04

Accounts Payables

  • Supplier Invoice Management & 3-Way Matching
    Automatically match supplier invoices with purchase orders (PO) and goods received notes (GRN) to prevent overbilling and fraud.

  • Payment Scheduling & Batch Payments
    Plan and automate payments based on due dates, cash position, or vendor terms. Generate batch payments by bank transfer, check, or cash.

  • Aging Analysis & Payables Dashboard
    Real-time visibility of outstanding payables by vendor, aging bucket, or due date to improve cash flow and supplier relations.

  • Vendor Reconciliation & Debit Notes
    Reconcile vendor accounts with statements and issue debit notes for returns or adjustments — fully integrated with inventory and procurement.

Cash Management 

05

  • Define Physical Cash Registers or Petty Cash Boxes
    Set up individual cash accounts for front desks, retail counters, or administrative departments — with clear naming and tracking.

  • Assign to Specific Users, Locations, or Departments
    Control access and responsibility by linking each cash account to authorized personnel, branches, or cost centers.

  • Set Opening Balances and Cash Limits
    Establish initial cash-in-hand and enforce daily cash caps to reduce misuse and improve control.

  • Support for Multi-Currency Cash Accounts
    Handle local and foreign currencies in separate cash boxes with automatic currency conversion and reporting.

Bank Management

06

  • Bank Reconciliation with Multi-Bank Support
    Manage multiple bank accounts across entities and branches. Import statements and match transactions effortlessly for faster, accurate reconciliation.

  • Cash Flow Visibility & Forecasting
    Monitor real-time cash balances and predict future cash positions based on inflows, outflows, and scheduled payments — empowering smarter financial decisions.

  • Check Printing & Digital Payment Processing
    Issue postdated or immediate checks with full tracking, or process payments through online transfers, credit cards, and gateways — all audit-logged and approval-controlled.

07

Fixed Assets Management

  • Track Assets from Acquisition to Disposal
    Maintain detailed records for each asset including purchase details, location, custodian, and status.

  • Auto-Calculated Depreciation
    Support multiple depreciation methods (straight-line, reducing balance, etc.) with scheduled, automatic calculations.

  • Revaluation and Transfer Features
    Easily revalue assets or transfer them between departments or locations with full audit trail.

  • Integrated with General Ledger
    All asset transactions and depreciation postings flow seamlessly into your GL for accurate financial reporting.

08

Financial Statement

  • P&L, Balance Sheet, Trial Balance & Cash Flow
    Generate comprehensive financial statements that reflect your company’s true performance and position.

  • Cost Center-Based Analysis & Budgeting Tools
    Drill down into financial results by department, project, or business unit, and track budgets vs. actuals with ease.

  • KPI Dashboards for Real-Time Financial Performance
    Visualize key metrics with customizable dashboards to monitor profitability, liquidity, and efficiency at a glance.

  • Custom Report Builder
    Create tailored reports to meet unique business requirements without relying on IT.

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