Introduction
The Financial module is the backbone of momentohs® where financial data from related modules are transmitted seamlessly and automatically into the respective accounts of the General Ledger. It generates multiple user defined reports other then the standard profit & loss, balance sheet and budgets.
The Financial module automates internal accounting process and serves as an auditing tool with storing of data from the Front Office and Food & Beverage modules. The Financial module computes transaction data and prepares reports and journals, providing the finance department with an efficient tool to manage profit & loss, balance sheet and budgets.
User defined hierarchy of on-line approvals based on value or organizational tree is built-in to simplify the approval process, and minimise the circulation of forms or documents throughout the business process.
Daily Revenue Report
- Account for Daily Revenue & Collections
- Print in a form of a report, with comparisons with Budget, Month-to-date figures and statistics
- Automatic transfer of Revenue & Collection data to GL based on used defined criteria
General Ledger
General Ledger module is based on double entry book keeping principles of accounting.
- Maintains five basic day books: Bank, Cash, Sales, Purchase & General Journal
- Facilities for user-defined multiple cash & bank accounts
- Bank reconciliation
- Subsidiary and General Ledger are a result of authorization of the basic documents
- Subsidiary ledgers for AR & AP accounts
- MIS Reports consisting of Department wise profitability, Profit & Loss, Balance Sheet and Budgetary Variance Reports
Accounts Receivable
AR Module picks up data from basic books of accounts.
- Allocate invoice-wise receipts at the time of receiving or do it subsequently
- Collection forecasting
- Reminder letters
- User defined Ageing analysis
- Statements of Accounts
Accounts Payable
AP Module picks up data from basic books of accounts.
- Allocate bill-wise payments at the time of making payment or do it subsequently
- Payment Due Report
- User defined Ageing analysis
- Statements of Accounts
- Volume of Business Analysis