PANACCOUNT System provides a generic approach to accounting needs of practically any kind of business.
This computer program has modules to computerize all kinds of accounting requirement. It contains programs for General Ledger, Accounts Receivable, Accounts Payable and Fixed Assets Systems. It contains Cost Accounting and Budgeting Modules.
The system can work for general trading, services, construction and manufacturing environments. All modules are fully integrated, end user driven, with on line inquiries and with several operational and management reports.
Features: Light weighted, Robust, Secure
Best For: Business
Can be used in: Generic approach to accounting needs of practically any kind of business
The suit consists of an excellent General Ledger system where all the accounting transactions converge. All the front end modules have interface to the General Ledger. The GL System is modern in design. It has a transaction based architecture with almost, entire data maintained on line. Accounting period can be maintained flexibly, e.g., 12 periods, 13 periods or 52 periods - for that matter any number of periods. Change in accounting periods over the years is allowed. System enables current period posting as well as future period posting, if required. An easy to enter GL Transaction Entry program exists.
An organization needs several assets and equipment for its overall functioning. These assets are acquired at different times and located in different departments. At times they are moved from one department to another. Keeping track of all assets on a regular basis becomes a difficult task.
The Fixed Asset Module caters to this situation comprehensively. Additionally, the equipment are depreciated on a monthly basis and charged to the concerned department. System provides for acquiring new equipment/assets as well as early retirement thru write off or sale.
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