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Nominal Ledger,
Cash Book and Bank Reconciliation
The FOP Nominal Module presents you
with the financial nerve center you
can rely on for management decision-making.
It provides an instant complete financial
picture of the company, by bringing
together all your income, expense
and balance sheet items. You can easily
measure the performance of your company
and project its profitability.
Real time or batch posting FOP
supports real time or batch posting
of transactions. It is normal in the
publishing industry to summarize monthly
sales and purchase transactions and
only post the batch totals per nominal
code to the nominal ledger. However
FOP system can be switched to a real
time mode where each sales and purchase
transaction is posted instantly to
the nominal ledger.
Innovative Previous Year Posting FOP
Nominal Module has the sophistication
to enable you to close the previous
year naturally, commence posting transactions
into the current year, and yet be
able to post into previous year periods,
until the accounts are signed off.
Posting against balance sheet items
in the previous year automatically
carry forward to the current year.
Unlike most other accounting systems
which delay year-end routines until
all journals and auditors' adjustments
have been passed, which might take
months, this innovative previous year
posting enables you to effectively
run two years side-by-side and carry
on with your transactions unhindered.
3-Years Financial Summaries FOP
Nominal Module holds 36 periods of
monthly figures. You are thus able
to view and print the Trial Balance,
Profit and Loss Summaries and Balance
Sheet as at any period in the current
and two previous years.
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Back [For
more information, please contact
us for a copy of the new brochure]
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FEATURES
- Provides
an instant complete
financial picture of
the company.
- Transactions
may be posted in real
time or batch mode.
- Posting
into any previous year
period
- Unlimited
combination of debits
and credits in journals.
- Automated
prepayment journals.
- Automated
provisional journals
with automatic reversal.
- Posting
of opening year audit
journals.
- User
definable sub headings
within fixed overall
headings.
- Structured
nominal accounts chart.
- Unlimited
bank accounts and cash
transfers between accounts.
- Each
bank account can be
individually reconciled,
with printed reconciliation
reports
- Holds
36 periods of monthly
figures.
- 3-Years
Audit trail report by
period.
- Production
of trial balance, profit
and Loss Summaries and
Balance Sheet as at
any period in the current
or previous year.
- Comparison
of current year actual
and current year budgets
- Comparison
of current year actual
and previous year actual
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