Accounting

VSERP Accounting is a complete bookkeeping system that provides you with all the invoicing, banking, communications and reporting tools you need to manage your entire business. Work with computerized system, you need software that automates your finances simply and efficiently. The software easy enough to use without an accounting degree and yet, powerful enough to grow with your company. VSERP Accounting management solutions provide the tools to succeed in the traditional economy and enable companies to capitalize on global opportunities, drive profitability, and build a smarter business.

VSERP Accounting is the windows-based software solution for corporations and manufacturers that developed and supported by Visasoft. The system is fully optimized to native SQL server and supported on online/offline Web system technology.

Flexible Fiscal Period

• Have over 12 periods in a fiscal year to adjust the GL
• Keep transaction details open for over 5 years or as you want.
• Built-in an utility to cutoff and restore any old data anytime
• Select our optional Data Mining solutions for critical data consolidation to plan ahead your business future with historical forecast and statistics reference.

General Ledger

The General Ledger is used for generating financial closing statements (balance sheets and profit and loss statements) which are required by law. It records transaction figures from G/L accounts and is managed in the currency of the respective country. The General Ledger is the central component of Financial Accounting. The G/L summarizes accounting transactions using sub-ledgers and direct account assignment. It is therefore a required component in the VSERP.

• Hierarchy account ledger finder lets you find accounts faster
• Built-in fund transfer & bank reconciliation module
• Departmental & Project based management
• Multi-currency supported
• Reports:
• Chart of accounts listing
• Account balance listing
• Account history
• General ledger journal listing
• General ledger activity
• Trial balance
• Fund Statement
• Income statement (general and detail, group by departmental)
• Balance sheet (general and detail)
• Bank balance listing
• Bank transactions listing
• Daily cash flow and bank book
• Bank reconciliation statement (list of unpresented  cheque, list of uncredited cheque)

Accounts Payable

Sub-ledger accounting that represents the business transactions with vendors. Accounts Payable accounting records and manages the accounting data for all vendors. It is also an integral component of the purchasing system; deliveries and invoices are recorded for each vendor. The system automatically posts data in response to these operating transactions. Furthermore, the Cash Management component is supplied with values from these invoices in order to optimize liquidity planning.

• Supports partial payment, full payment and prepayment;
• Supports additional charges, foreign exchange loss and discount processing;
• Supports payment receipts on cheque printing;
• Reporting:
• Account Payable ledger listing (by vendor, by range, by period)
• Outstanding payment listing (by vendor, by range, by period)
• aging report and more…

Accounts Receivable

Sub-ledger accounting that represents the business transactions with customers. The system provides a range of tools which you can use to monitor open items; for example, account analysis, alarm reports, due date lists and a flexible dunning program. You can individually formulate the printed material linked to these components to suit your requirements. This includes payment notices, balance confirmations, account statements and interest settlements.

• Easy settlement procedure with step by step wizard
• Supports partial payment, full payment and prepayment;
• Supports additional charges, foreign exchange loss and discount processing;
• Supports official receipts auto-print on settlement;
• Unlimited remarks storage to store the voucher comments
• Reporting:
• Account Receivable ledger listing (by customer, by range, by period)
• Outstanding invoice listing (by customer, by range, by period)
• Outstanding deposit listing  (by customer, by range, by period)
• Official receipt
• Periodic statement
• aging report and more…

Joint Venture Accounting

A joint venture in the VSERP is a summarization of cost objects whose costs are split up among partners. A joint venture is usually lead by an operating authority, who is responsible for the costs incurred. At the end of a period, all of the costs incurred are split up and allocated to the partners involved.

Bank Accounting

Sub-ledger accounting that records all business transactions processed via the bank. Bank Accounting is used to manage bank master data, to carry out cash balance management (check and bill of exchange management), and to create and process incoming and outgoing payment transactions. The user can define all features that vary from country to country, such as specifications for manual and electronic payment methods, payment forms, or data media.

Cash Journal Accounting

You can use Cash Journal Accounting for managing cash on hand. The cash journal significantly reduces the time needed to process cash movements and enables the user to monitor

Project Cost Accounting

Project accounting (sometimes referred to as job cost accounting) is the practice of creating financial reports specifically designed to track the financial progress of projects, which can then be used by managers to aid project management.

Standard accounting is primarily aimed at monitoring financial progress of organizational elements (geographical or functional departments, divisions and the enterprise as a whole) over defined time periods (typically weeks, months, quarters and years).

Projects differ in that they frequently cross organizational boundaries, may last for anything from a few days or weeks to a number of years, during which time budgets may also be revised many times. They may also be one of a number of projects that make up a larger overall project or program.

Consequently, in a project management environment costs (both direct and overhead) and revenues are also allocated to projects, which may be subdivided into a work breakdown structure, and grouped together into project hierarchies. Project accounting permits reporting at any such level that has been defined, and often allows comparison with historical as well as current budgets.

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