ASWAQ6 includes a robust and high performance general ledger module that integrates seamlessly with all the other modules. It can handle millions of transactions and entries with utmost efficiency and stability.
Extremely flexible chart of accounts
The chart of accounts can branch hierarchically up to 16 levels! ASWAQ6 does not impose any rules on accounts' coding system. Implementers and users can choose accounts codes in any form they like. Opening foreign currency accounts is a snap. ASWAQ6 provides enough facilities to re-evaluate foreign currency local equivalent, with proper reflections to exchange rate profit and loss.
Balances In ASWAQ6
Fully Supports Cost and Profit Centers
In ASWAQ6, cost centers allow tracking profits of subsidiary activities within the accounting unit, such as tracking certain project or branch. Implementers can create cost centers branched hierarchically up to 5 levels. ASWAQ6 will simply generate financial statements and reports for any cost center.
Advanced yet Simple Budgeting
Different budget scenarios can be defined for accounts, or accounts and cost centers combinations. These budget scenarios can be modified or amended. Follow up of actual versus budgeted amounts also take place in clear and organized windows.
Logical and Sensible Voucher Entry Windows
ASWAQ6 provides a very logical approach to voucher entry. The data entry windows resemble printed vouchers, allowing users complete freedom in moving among the document, adding accounts and narrations per line, or on the documents as a whole. Transactions can take place in local or foreign currency, and ASWAQ6 handles exchange rate and currency relations seamlessly.
Reverse Documents in ASWAQ6
Complete and Thorough Integration
Payment and receipt vouchers are tightly integrated with the rest of ASWAQ6 modules. Payments can be made against an invoice, and ASWAQ6 will automatically handle debt age related issues. In addition, checks can be coupled with a payment or receipt voucher while maintaining the proper relationship with commercial papers module of ASWAQ6. Both payment and receipt vouchers enable compound multi-line entries, and provide facilities on the degree of control users have over changing affected account.