Unlock seamless financial management with our integrated ERP system’s Financial Account Services. Designed to streamline complex financial processes, our system provides real-time insights into financial data, enhancing decision-making and operational efficiency. From managing accounts payable and receivable to overseeing budget allocations and financial reporting, our solution ensures accuracy and compliance, empowering businesses to focus on growth and strategic planning. Experience a unified approach to financial management that aligns with your business goals.

  • You Need Account Balances

  • You want No More Late Payments

  • You want to track your income and expenses

  • You want Quick and Easy Account Reconciliation

  • You want Budget Planning on time

  • You need Tax Time Easier

  • You want to Track and Analyse Investments

  • You want to Determine Your Net Worth

On Premise

Total Cost of Ownership – Since you only pay for your user licenses once, an on-premise solution can have a lower Total Cost of Ownership (TCO) than a cloud system.

Complete control – Your data, hardware, and software platforms are all yours. You decide on the configuration, the upgrades, and the system changes.

Uptime – With on-premise systems, you do not rely on internet connectivity or external factors to access your software.

On Cloud

Anywhere and anytime access – You can access your applications anytime and anywhere via a web browser from any device.

Affordable – Cloud requires no upfront costs, instead, you make regular payments which makes it an operating expense. While the monthly cost adds up over time, maintenance and support services are included removing the need for annual contracts.

Predictable costs – Benefit from monthly payments covering software licenses, upgrades, support, and daily back-ups.

Financial Accounts Modules

  • Cash Account
  • Bank Book
  • General Journal

A budget is a financial plan to estimate revenues and expenditures for a specific period. It is a management and planning tool, not just an accounting document. It assists in the allocation of resources. A budget allocation is the amount of funding designated to each expenditure line.

Systitech Solutions Financial Accounts offers;

  • Budget Allocation
  • Budget Monitoring

  • Bank Receipt Voucher
  • Bank Payment Voucher
  • Cash Receipt Voucher
  • Cash Payment Voucher
  • General Journal Voucher

Voucher Posting

When you post a Voucher, the General Ledger is automatically updated.

After a Voucher is posted you can no longer make changes to it. To edit any data in a posted Voucher you must un-post it first. For more details see un-posting a Voucher.

Voucher Un-Posting

In certain situations, you may need to reverse the process of posting a Voucher.

Un-posting a Voucher enables you to reverse the posted entries in your General Ledger and make corrections to the Voucher. The General Ledger keeps a record of the posted and un-posted transactions so that you have a complete audit trail of the changes.

A general ledger account is an account or record used to sort and store balance sheet and income statement transactions. Examples of general ledger accounts include the asset accounts such as Cash, Accounts Receivable, Inventory, Investments, Land, and Equipment.

A trial balance is a bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit columns. A company prepares a trial balance periodically, usually at the end of every reporting period. The general purpose of producing a trial balance is to ensure the entries in a company’s bookkeeping system are mathematically correct.

Defining Summary Accounts. General Ledger uses summary templates to create summary accounts, whose balances are the sums of multiple detail accounts. Use summary accounts to perform online summary inquiries, as well as to speed the processing of financial reports, Mass Allocations, and recurring journal formulas.

A statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period.

A profit and loss statement (P&L) is a financial statement that summarizes the revenues, costs, and expenses incurred during a specific period, usually a fiscal quarter or year.

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