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  • Itacware General Accounting System serves the financial management requirements in the company and it works in full interdependence where the flow of information between different systems and transfers into the general system at the other end. Such integration means that the limitations of the financial impact of various movements such as payable accounts, receivable accounts, and funds will be reflected automatically on the general ledger accounts defined in advance by those involved in financial management without having to manually enter these records. The system also provides a flexible and practical query screens for all reports and previous statements with the advantage of following-up available information on the screen down to the lowest level of the movements in the financial statements database. The General Accounting System consists of the following features:

  • Building chart of accounts in an easy and flexible manner.
  • Providing unlimited number of levels in the chart of accounts structure.
  • Controlling the accounts' digits, numbering techniques, and levels' structural coherence.
  • Flexibility in entering initial balances of the accounts.
  • Possibility of recording simple or complex daily records with more than one type of accounting record.
  • Flexibility in numbering daily records on a monthly or daily basis automatically.
  • Obtaining any information related to the accounts mentioned in the record through the screen immediately without the need to close it.
  • Connecting the daily record with the reference data to facilitate the process of recourse.
  • Possibility of keeping the frequently used records in the favorites making it easier to be used several times without being re-written.
  • Possibility of reversing any accounting record with another separate record directly through the record's screen and in real time constraint.
  • Possibility of replicating current record's data based on earlier data without the need to rewrite it again.
  • Defining unlimited number of levels to cost and profit centers.
  • Possibility of linking the accounts to their cost and profit centers.
  • Allocating the share of each cost center with a certain percentage of the total value with the possibility of distributing it automatically when creating the record.
  • Defining the structure of the accounts associated with the cash flow and the nature of its effect automatically.
  • Requesting cash flow statements during any period of the current or expected movements.
  • Defining accounts associated with concluding statements if it is an income or budget list while specifying its nature and categorization automatically.
  • Defining the clarifications and opinions for the accounts linked with the concluding statements whether is an income or budget list, while linking it to the accounts relevant to its appearance in the final lists automatically.
  • Requesting concluding statements whether it is an income or budget list during any period.
  • Processing fees paid in advance with the establishment of records automatically.
  • Defining unlimited number of funds and dealing with them easily.
  • Transferring movements between funds and the establishment of records automatically.
  • Registering issued cashing orders with the possibility of adoption for recording bills of exchange.
  • Defining receipt sub-bonds books and link them automatically to collectors in order to prevent tampering or theft.
  • Registering receipt bonds and linking them to the based upon reference data to facilitate the process of returning to it. It can also be linked to receipt sub-bonds or collectors with the overall comparisons between the received and handed to the representative or collector.
  • Registering receipt and exchange bonds in more than one way to pay cash, checks, or credit cards and transferring records automatically to each payment method of the linked accounts.
  • Defining unlimited number of bank loans and linking them with related accounts.
  • Paying the loan automatically to a bank with interest and commissions and transferring records automatically.
  • Possibility of recording sales invoices, bids, purchase orders, and invoices for purchases of the services sector.
  • Determining the budget estimates at the account level or cost center with the possibility of comparing and calculating the excess ratios and analyze them.
  • Comparing financial periods either in a yearly, monthly, or specific periods form for accounts and cost and profit centers.
  • Integrating comprehensively with other financial systems like salaries, assets, and other.
  • Reporting financial events, requesting approvals, or sending the accounts and other assets by SMS.