LOGIC General Ledger application is considered the heart and backbone for any financial and accounting solution. Therefore we have empowered it with one of the most analytical engines there is, it's simply has been build to go where no other application in the market can go. It provide everything you need to have confidence in your financial results
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LOGIC Journal Voucher screen designed in a simple way that
allows the user to create JV,s that cannot be created from other screens (Reconciliations
- Depreciation) and can do the following:
- Create a simple JV by two parties (debit - credit).
- Create a multi-party JV with more than one (debit - credit).
- Distribute the expenses and revenues to the cost and
profit centers, either manually or through the fixed cost and profit center
models in the Co. .
- Create the opposite JV on closing financial periods.
- Knowledge and identification of all the characteristics of
the JV such as:
* Status of enrollment (under
study - references - financial transfer).
* Source of registration
(general accounts - sales - purchases - stores ..... etc).
* The JV creation date, user name who create the JV and all edition data if any.
LOGIC Receipts screen allows you to work on an endless
number of safes and banks, with different types of receipts ( Receivable –
Payable ) – ( Cash – Checks ). That’s all In addition to a number of other
processes during the issuing of these receipts :
- Links between General Accounts & all other modules in
LOGIC systems .
- The possibility of issue one receipt for an unlimited
number of checks ( Receivable – Payable ) including the details of each
check (amount - date - check number ... etc).
- The possibility of distributing any amounts collected or payed
to the account of bills of exchange or any other installment on each bill in a
single receipt .
And securing wise, Receipts screen in LOGIC system can issue
the journal voucher immediately after saving the movement, or save the movement
without issuing the journal voucher until the responsible manager approval .
LOGIC software designed this screen to facilitate the
follow-up and reconciliation of the permanent and temporary loans with a 100%
control. By linking all the following:
·
Loan payable receipt.
·
Return receivable receipt.
·
Expenses through this loan.
And finally the issuing of the accounting Journal Vouchers
for these reconciliations as soon as they are reviewed and approved by the
responsible manager.
LOGIC II General Ledger module presents more than 250 reports
and sub-reports that includes all the data and results required from the
accounting processes carried out within the program, including for example:
- Basic data reports.
- Accounts and cost centers reports.
- Treasury reports (cash - checks) / (receipts – daily movements).
- Ledgers, account groups, and daily movement of accounts.
- Movements, balances and trail balance of cost and profit
centers and their relationship to the accounts.
- Fixed assets depreciation.
- Trail balance and advanced trail balance.
- Income statement and balance sheet.
In addition, LOGIC can design reports for each activity
according to the operational and control needs of the various establishments.