Accounts Management

---

Accounts management accounts receivable module of Integra ERP provides wide control over the financials and integration of financial information of the company. This module provides the ability to centrally track financial accounting data within the framework of company’s activities, cost centers and modules

Totally integrated accounting across all other modules of ERP such as purchase, sales and marketing, payroll, service, projects etc. All financial aspects are accounted in real-time and give updated information in the financial and accounting reports at any point of time. 

Account grouping

Grouping in financial accounting generally refers to group similar accounts together to make them easier to manage. Integra ERP follows the international double accounting standards and as per the financial accounting concept, it provides flexible account grouping facility to generate final accounting reports like Balance sheet and profit & loss account along with trail balance. No human intervention is required to generate and tally such reports. All reports will be available at any point of time for any given period. All other substantial schedules of group ledger balances, general ledgers and individual ledgers of each account will be maintained automatically when a financial transaction or voucher is entered into the system. 

Cost center. 

Cost center is part of an organization which may or may not contribute to company’s profit. Cost center may be an internal department or may be the branch of a company. Such cost centers which could be branches or departments may be at multiple locations and it may be doing same business or may be carrying out different business activities. Integra ERP provides the flexibility to create multiple cost centers and at the same time integrate all the activities of the organization including such cost centers into one accounting system. This helps the management to monitor and manage the entire business activities of the organization through a single solution. 

Revenue cost centre and Non-revenue cost centers concept in Integra ERP. 

Revenue cost centers: These cost centers/ branches are doing direct business and generate profit for the companies. 

Non revenue cost center: These cost centers are not doing direct business or not making any revenue to the company but stands as a support department to help the revenue department. For example: Administration, HR, testing, advertisement department etc. All the expenses incurred for such cost centers/departments are distributed in a pre-assigned ratio to revenue department. This will be treated indirect cost of revenue department and give proper analysis of productivity and profitability of the revenue cost centers. 

Following illustrations are samples of different accounting and administrative scenarios as may be applicable to various firms and companies according to its size and operations.