FACT is the other name of Realtime Enterprise Business Solution. Starting from the most basic of the facilities, which cater to your fundamental accounting requirements, to the advanced features, which answer your complex accounting needs – FACT is a fascinating combination of unique facilities, which give you a feel of the dynamic business environment of the new millennium.
Beginning with an extremely user-friendly mode of installation, which runs through a graphical Installation CD-ROM Browser, to a good number of Reports that reflect your transactions in a stunning colourful look, each element of FACT constitutes a package environment, which addresses different segments of business accounting.
You can maintain as many Accounts as you may wish in FACT , and further, use multiple currencies for your transactions, with the flexibility of posting the Foreign Currency transactions in the Local Currency, too. Additionally, there exists a well-defined chain of modules in FACT, which ensure the desired way of handling of your Sale and Purchase transactions right from the time of entering the Proforma Invoices/Quotations for goods till when they are invoiced out to the buyer.
If you own a Manufacturing Company, FACT is, most certainly, the accounting solution of your choice, because it has a well-designed Inventory module, which is integrated with accounting. You can maintain your Stock in multiple Warehouses, and track your Products on the basis of Serial Numbers and Batch Numbers. Moreover, you can get a detailed picture of your current Stock Status, including the total of Purchase Orders, Stock In Hand, and Sales Order for each Product – in a jiffy.
In sum, FACT offers you with a truly integrated business accounting solution.
Features – Accounting Made Easy
FACT provides you with a wealth of facilities, which make Data Entry and Analysis, easier than ever. Some of the major features, which will facilitate hassle-free day-to-day business accounting, are being mentioned, underneath:
Real time Computing Power
FACT brings to you Real Time Computing Power. You can print all your Source Documents (like, Vouchers, Purchase Orders, Delivery Orders, Invoices, Receipts, to name a few), online. Your Accounts will never be backlogged now. You need not do any Postings, manually. All Updates and Postings are carried out, instantaneously, as soon as you enter the Document.
One Entry does it all
The moment you enter a Payment or Receipt Voucher, FACT updates the Bank Book, General Ledger, Trial Balance, Profit & Loss Account and the Balance Sheet – all the way, instantaneously. Not just for the Voucher, but for the Sale and Purchase Invoices, too, updating the Party’s Ledger, Inventory and the General Ledger, too. All documents get updated, instantaneously. And, we assure: all that you require is: One Entry, Only Once.
Extremely Easy-to-use and User-friendly with an appealing interface
You do not need Specialists to use FACT. It is designed in simply enough to make it convenient for your current accounts staff to run it without hassles. And, the same holds true for you, too. No need to go headhunting for your Accounts Staff, now. The smart combination of soothing colours, navigational tools, and tooltips, together, contribute to a fascinating Graphical interface. In addition, intuitive messages – at the desired hour – add the necessary user-friendly flavour to the whole FACT environment, which you would never like to quit!
24-month Accounting Period
You have the flexibility to carry on with the next year’s work, uninterrupted, till you run the automatic Year Ending process. You may note that, the Year Ending process is, in itself, a powerful facility, which ensures that, the whole set of accounting procedures – involved in closing your Books of Accounts – is taken care of in a way – as smooth as silk. All the data for the 24 months are kept alive.
You may maintain the accounts of as many Companies (Accounts) as you want on a single copy of FACT.
Multiple Bank Accounts
You may maintain up to 999 Bank Books in FACT. A separate Bank Book is generated for each Bank Account.
Powerful ‘Document Class’ feature
This is one feature, which adds a lot of power to your accounting and MIS Reports. Document Class is a fifteen-character field, which is available on every Source Document, like Vouchers, Sale and Purchase Orders, Delivery Orders, Invoices, to name a few. If you can identify the Control Points of your business, and how does it affect your Company in particular, then you will be able to exploit this feature to the fullest extremity.
You may maintain Stocks at multiple Warehouses using Document Class. The Warehouse-wise Stock Valuation and Warehouse-wise Stock Position Reports are available on Screen and on Printer.
Transaction in Multiple Currencies
FACT allows you to transact in any Currency that you wish. It takes into account, that, business accounting cannot be confined within international boundaries, and accordingly, supports the currencies of well over 100 countries all across the globe. All Foreign Currency transactions are posted in the Home Currency as well. You can maintain the daily Buying and Selling Rate Tables for all Foreign Currencies. Exchange Gain/Loss is computed at the time of the entry, and automatically, posted to the General Ledger without any extra work. The Foreign Currency Exposure Statement gives you the latest position on open Foreign Currency positions.
Accounting within the tightest Security cordon
The Accounting procedure in your Company needs to work with sensitive data. In FACT, you can set up and define your own security levels to allow the users to access only what you want them to. Nothing more, and not a trace less. FACT offers you the kind of security so long available to mini and mainframe users – all these for preservation of confidentiality and purity of data.
Proper Inventory Control – tightly integrated with accounting
FACT provides you with a very useful and handy Screen Report that gives you a detailed picture of the current Stock status. By using this MIS report – the Stock Status Query, the total of Purchase Orders, Stock in Hand and Sales Order for each Product is displayed, instantaneously. You may, also, use this report as a tool to ensure correct Stock Valuation, i.e., to check, if the Stocks of any Product are going negative. Stock taking – keep track of all your Inventory – book and physical. Instantaneous snapshot of stock differences.
Allocation of Cost Centers for Inventory
FACT supports a Manufacturing Inventory, and Cost Centers constitute an integral part of the same. You can allocate Cost Centers for the Issue and Receipt of Finished Goods. You may define the Cost Centers in a variety of manners, depending on how you want to view your figures.
Well-defined modules for Sale and Purchase transaction entry
FACT handles the documents right from the time of entering the Proforma Invoices/Quotations for goods till when they are invoiced out to the buyer. You will find clear-cut and interconnected modules dealing with the Proforma Invoices, Customer Orders for goods to be dispatched and Orders for Vendors, Sale Delivery Orders and Goods Received Notes, Service Invoices, and even, of Return of sold and purchased goods.
Reports in both ‘Text’ and ‘Graphics’ Modes
The Reports answer all your accounting needs. Virtually all the Reports are available on Screen and on Printer. You may generate all the Reports on the 80-column Printer. Reports are available in both Graphics and Text modes. The Graphics Report allows you to export any Report in various formats, such as in the MS-Word (.DOC), MS-Excel (.XLS), Adobe Acrobat (PDF) and Crystal Reports (.RPT) formats. On the other hand, the Text Reports facilitate easier screen viewing and printing on all Printers, including Dot Matrix.
Consolidation of Accounts
You may consolidate the Trial Balance, Profit & Loss Account and Balance Sheets of your subsidiaries, Joint Venture, and Group Companies, based on the percentage of equity holding and conversion of the Foreign Currency to Home Currency.
History of Transactions
You may make query on any transaction (Vouchers, Purchase Orders, Delivery Orders, Invoices, Receipts, and Debit Notes, to name a few) on Screen or on Printer for the transactions of the entire year. It will show you all the relevant information.
Data Import from one FACT installation to the other
You may have FACT installed at the Branch Offices as well as the Head Office, where data need to be updated, regularly. In order to smoothen reporting, FACT allows you to import data from one FACT installation to the other. You may, even, import data contained in your previous Accounting software. The Import utility allows data import from FoxPro .DBF files, Standard Data Format (SDF), and from Delimited Format.
‘Document Designer’ for custom Document Design
You can customise the layout (design) of your Source Documents through the Document Designer, and print your Documents on the basis of the designed layout.
Revolutionary Document Template Technology to increase your Productivity
Templates allow you to pre-define the contents of Documents that are repetitive in nature, and save them for future use. Salary Vouchers, Monthly Rent Vouchers and several such other documents are precisely the ones for which you would like to make use of the Templates facility. With the revolutionary Template Technology, you simply need to recall the template for the entry you wish to make, and save up to 75% of data entry time.
‘Entry’ modules – made more powerful with the introduction of the ‘Copy’ facility
Several Entry modules have been made more user-friendly with the introduction of the Copy facility (in the form of a button). Using this, you can recall an existing Document (a Voucher, for instance), and use its transaction details for a newly entered Document. You can, then, make the slightest modification in the key attributes of the Document in consideration, and save the entry. Document Entry in no time – typified! The Entry modules, wherein this facility, (to name a few) is available are:
– Entry / Vouchers – Receipt/Payment – One Db/Cr
– Entry / Vouchers – Receipt/Payment – Many Db/Cr
– Entry / Vouchers – Receipt/Payment – Customers
– Entry / Vouchers – Receipt/Payment – Vendors
– Entry / Sales / Invoice
– Entry / Sales / Service Invoice
– Entry / Journals / Ledger
– Entry / Purchases / Invoice
– Entry / Purchases / Service Invoice
and many more ….
Do away with all the time that you would have previously required to enter recurring expenses, incurred on a regular (even day-to-day) basis.
‘Find and Replace’ facility in ‘Many Db/Cr Voucher’ and ‘Journal Voucher’
This is one new feature, which you would simply love to use times without number. The Journal Voucher and Many Db/Cr Voucher Entry, now, come with the powerful Find and Replace facility, whereby you can find each occurrence of a word, and replace it with a different one – all at once. Much like the popular Office automation Packages, like MS-WORD, MS-EXCEL, etc., FACT, too, now, drastically reduces the drudgery of typing on your keyboard and saves substantial time during data entry thanks to this newly introduced feature!
Further, during modification of a Voucher, you can use the Find facility to track a General Ledger Code / Document Class, or any principal attribute of the Voucher for that matter, particularly with a huge number of entries.
Automatic Document Numbering Scheme
Using the Automatic Document Numbering Scheme, you may set up all your Source Documents to be numbered, automatically. You may define more than one Numbering scheme for each Document.
Multiple Layouts for Financial Statements
FACT allows you to design multiple layouts for your Profit & Loss Accounts, Balance Sheets as well as for the Cash Flow Statements. This proves useful particularly when you need to maintain separate layouts for separate departments in your Company. One of these Layouts can be defined as default.
Powerful Fraud Detection System
FACT comes with two Reports, which help you in detecting fraud in your Company, and provide you with detailed analysis of your Payments and Receipts. These are:
<a> You can track the Payments/Receipts above a certain amount, readily, by using the Ledger / MIS Reports / Cash/Bank Book on Value report.
<b>To obtain the details of all your Payments and Receipts made through a particular Entity-supplier, Employee, Contractor, etc., you can make use of the Ledger / MIS Reports / Cash/Bank Book on Payee/Payer report.
Post Dated Cheque
FACT – in its present form – comes with two Reports – the Analysis – Customers and Statement of Account – Customers reports. These reports provide you with the facility to reflect the Post Dated Cheque entries. This feature will be of prime use, especially in some countries, the post dated cheques are considered to be as good as actual cheque receipts / realisations. Thus, the actual outstanding amounts – due from the customers – should always take the post dated cheque amounts into consideration, although they may not be realised on that day, itself.
Autocomplete in ‘Voucher’ Entry
The new Intellitype Technology, drastically, reduces the amount of typing that you are required to perform while working within the One Db/Cr and Many Db/Cr Voucher Entry modules. FACT can suggest possible matches for the Payee/Payer and Narration entries by spontaneously recalling the entries made in some other Vouchers earlier.
Multi Company Merged Party Ledger
FACT comes with the Multi Company Merged Party Ledger report, which will allow you to generate and compare your Customer data that may have been archived for more than two years. Since, currently, FACT supports a maximum of two years of Accounting Period, therefore with the help of this report, you will able to process the Party Ledger for more than two years.
Cheque Printing on pre-printed stationery
You can print all the Cheques on your Pre-printed Cheque Stationery from FACT. This is possible due to the incorporation of an automated and fast system of printing your Cheques – the inevitable results being less time and fewer errors.
Auto-increment and Validation in ‘Cheque No.’
You need not enter the Cheque Numbers for each Payment Voucher. FACT, automatically, detects the last Cheque Number – entered for the particular Bank – increments the number, sequentially, and displays it for you. You can modify the Cheque Number, if required. However, you can, also, switch off the auto-increment functionality from System Controls. FACT, also, validates that you do not enter duplicate Cheque Numbers for the same Bank.
Tracking of Products – Batch Number-wise and Serial Number-wise
FACT caters to all the sectors, like Pharmaceuticals, Foods and Beverages, Chemicals, to name a few, which require Batch Number-wise tracking of Products and maintenance of Manufacturing and Expiry Dates for all inventory-related modules. FACT, also, provides you with an option of activating the Batch Number at the global and product levels, individually. Inventory Reports – providing details of Batch Numbers, Manufacturing and Expiry Dates – are available, too.
Further, all of you, who want to allocate individual Serial Numbers for your items/products, will reap benefits from this feature. This will help you to track the Sale/Purchase details of the products on the basis of the Serial Number allocated. For instance, when a product is sold, and the item/product is returned (i.e., comes back) for repair or exchange within its warranty period, then the date of sale can be retrieved according to the Serial Number of the product. Thus, the validity period can be calculated.
Reports customised to your needs
FACT provides you with several reports, which answer some of your specific requirements:
<a> Job Costing – to track the expenses involved in a particular job
<b> Salesman Commission Statement – to keep track of the total amount payable to each of your Agents based on the number of Sale transactions
<c> Petty Cash Book – to list your expenses for individual General Ledger Heads entered through the One Db/Cr and Many Db/Cr Voucher Entry modules
<d> Agent-wise Sales and Collection Register – to view the total sales and collection figures for an Agent for a specific month
<e> Consignment-wise Landed Cost Register shows original purchase and all additional expenses, and the final Landed Cost for each product.
<f> Sales Registers / Monthwise Sales Summary – and Purchases Registers / Monthwise Purchases Summary
Reports – Facility to Zoom into Source Documents from any of the reports
For example, You can zoom into the Source Voucher from within the Bank and Cash Book Reports, generated on your screen (i.e., in the Print Preview mode). You can view the Cash/Bank Vouchers – one after the other – without having to come out of the report. Many more commonly used reports are now full screen, with the facility of zooming in (drill down) down to the transaction details. Excellent for MIS and investigative reporting and a huge time-saver.
Exhaustive Online User Guide
Make use of our comprehensive Online User Guide, which provides detailed explanation to all the fields of every module with special reference to the newly incorporated ones. For the first time users, the Online Help Library is a perfect place to visit to explore the world of FACT. Other than the Online User Guide, which is shipped with the Pack, we, also, provide detailed documentations on major Enhancements and new technological concepts introduced in FACT. Moreover, we continually update the FACT Knowledge Base on the Web.
FACT Cockpit – a bird’s eye-view of your financial control points
FACT provides you a native state-of-art information panel called FACT Cockpit, which triggers a wealth of crucial and vital business information as soon as you open any of the Installed Companies. It provides a snapshot of Vendor Outstanding, Outstanding Customers, Cash Flow, Profitability with a facility to zoom right upto the document level.
Web Update – Automatic Update of FACT installation via Internet
Heard of Windows Update – the online extension of Windows that helps you to get the most recent updates and fixes for your computer via your Internet? Web Update, too, is such a built-in tool, which, automatically, downloads and installs the latest patch files / updates from our Web Server through the Internet. The tool auto-detects the updates that are necessary for your FACT installation and then, updates the current installation with the latest patch files. Thanks to the Web Update, the users of FACT will no more need the Product CD-ROM, containing the latest patch files and updates, and then run setup on the current installation again to update their installations.. If you are a licensed user, and have an Internet connection, then you can get the latest updates at any point of time. This means huge savings of time, effort and money. What it means is: you, now, have a smoother and more efficient way of updating your FACT installation.
ISR/BISR Services for Swiss Incoming Payments – Fully Incorporated
Supports automated payment processing from debtors using ISR/BISR Services through Post Office or Bank. Capture, generate and show all the ISR/BISR related information on pre-printed stationery. Integrated with the sale invoice Applicable in Switzerland only.
Source Documents Entry – Introduction of most powerful feature – “Memorandum Document”
FACT scores yet another first in the world of business accounting with the introduction of the most powerful tool – “Memo” Documents. This revolutionary and really path-breaking feature will aid to streamline your day-to-day business operations, smoothly. It is also popularly known as Maker Checker system. Memorandum documents are very useful in situations where it is not possible to show a particular transaction in your books of accounts as soon as it is recorded. In the day-to-day operations of the business environment there may arise situations where an authorized person may not be available to sanction an important transaction for a certain period. If the Accountant is aware that the sanctioning of the transaction is a certainty, then he may enter a Memorandum Document for this transaction.
Fixed Asset and Depreciation – Fully Integrated
Keep track of all the assets you have, where they are, who has them and all costs associated with an asset. Capture the asset as the purchase invoice is entered, along with the depreciation rate, life of asset, method of depreciation (Straight Line or Diminishing Value), salvage value etc.
Track maintenance costs, repairs and other expenses. Automatically calculate Monthly and Annual Depreciation and post them to the accounts. Multi-User capable. Track gross block and net block. Handles additions and disposals and automatic calculation of profit/loss upon sale of asset.
Powerful reports include Fixed Asset Register, Fixed Asset Schedule and Depreciation Schedule.
Tracking WIP – A Major component of your Inventory management and FACT helps you to keep track of the work-in-progress seamlessly including Waste Management
Track Work-in-Progress (WIP) on the factory floor or assembly line. Full wastage accounting incorporated.
Automatically post the value of raw materials / sub assemblies / intermediate goods to the accounts when generating the Profit & Loss Account and Balance Sheet. WIP reduced automatically when Finished Goods are received.
Inter-Bank GIRO – Implemented in FACT
IBG or Inter-bank GIRO is a Worldwide standard for Cashless, Paperless and internet-based electronic payment system. It is a payment system in which the account holder of a bank directs his bank to transfer funds directly from his account to the creditors account named and also notify the creditor about the transfer. It offers bank customers, be it an individual or a corporation, a secure inter-bank fund transfer system/channel with any IBG participating banks. It enables payments to be made without the need to raise paper documents such as checks, bank drafts, etc.
This is done by sending an electronic file containing the payment instructions to the Bank. The bank then performs the necessary debiting and crediting on the specified Value Date/Dates. Some Banks even provide Business Internet Banking (BIB) Service, which allows you to upload the electronic files containing the payment instructions to the Bank for processing.
Individual payment vouchers that have been processed in FACT using the IBG Module can also be emailed to the payee directly from FACT.
This module is currently available to Singapore Users who are banking with United Overseas Bank (using their BIB Service) or the Development Bank of Singapore (using their IDEAL Service) including Malaysia.
Ratio Analysis – A quantitative and qualitative tool to analyse your Profit & Loss and Balance Sheet reports – A ready reckoner of the financial health of your organisation
FACT now provides these vital comparison tools – the most commonly used in business. These are developed by use of the Income Statement and Balance Sheet. Some of these ratios include Current Ratio, Quick / Liquid Ratio, Net Profit Ratio etc.
Automated Sales Tax Calculation on Sale Entry Modules based upon Tax Category Definitions
A tax category may be defined for each tax type/jurisdiction group combinations. FACT allows you to define Sale Type Masters and set up Tax Category along-with VAT/GST Codes. You may break-up your Sales into different categories (Say, United Kingdom, European Union, Outside European Union) and mark the Customers under each Sale Type. Set up different rates of Sale Tax / GST / VAT. Define Tax Categories to indicate a linear relationship between the Products, Sale Types, Customers and Sale Tax Codes. Sale module will intelligently pick up the sale tax rates based upon the Tax Category definition.
This revolutionary state-of-the-art tool developed by FACT will have a universal acceptance and speed up your automation of your Accounts drastically. A huge bonus of saving in time during Sale Entry!!
Purchase / Sale Order Alarm Screen Trigger for Expected Date of Delivery
Monitor Expected Date of Delivery on Sale & Purchase Orders. Track the failed delivery schedules. Triggers an alarm on any deviations from the delivery schedule. Generate Overdue Purchase & Sale Orders.
Implementation of Swiss VAT – Fully Integrated
Set up TVA (Swiss VAT) Codes. Complete TVA Accounting capable. Keep track of all VAT Collections and Payments. Supports Normal TVA Rate and Average Rate conforming to Statutory regulations in Switzerland.
Incorporated Quarterly TVA Return Forms. Comprehensive TVA Journal Report in native FACT format.
FACT Xplorer – more productive, safe and fun – Quickly find your masters, documents, and view reports including printing facility with real-time updates
FACT Xplorer – a state-of-the-art native tool akin to the modern versions of the Windows operating system that provides a graphical user interface for quick retrieval and instant analysis of the FACT data. It is the component of the FACT that unveils the FACT module-wise in a browsing mode and enables the user to scan the entire FACT accounting data that includes Master data, Source documents, Layout(s), reports etc. It houses the FACT’s powerful search functionality. Scope to add/modify/delete masters, transactions including forward and back navigational buttons are other attractive add-on features of the FACT Xplorer. Print button has been provided for instant printing of the currently highlighted document. Print List button for printing the entire range of the documents listed within the currently displayed Xplorer window. Last but not the least, a Refresh button just like your browser’s refresh button. This will bring the FACT real-time information updates made through other nodes under a multi-user FACT environment.
Trial Kitty cum Issues under Inventory Issues module – Manage your Inventory better with optimum investment and sound production management
FACT has empowered the Inventory Issue module with the unveiling of a really powerful feature – Trial Kitty Cum Issues. This is a production cum sale order based inventory issues system. A most intelligent inventory tracking system has been in-built into FACT that controls the issue of raw-materials to production based not only upon the current stock position of the finished goods but also that takes into reckoning its outstanding Sale Order position too. In other words, the stock position of the finished goods including its outstanding sale order quantity determines the issue quantity that may be allowed against the Issue Memo by the system. Based upon the Bill of Materials i.e., Issue Memos, the system regulates the inventory issues so as to ensure that your investment on the inventories is kept at the most profitable level without any wastage or over stocking. Again, the system also recommends the Purchase Indent Quantity for the raw-materials based upon its current stock position including the immediate production needs. A wizard that interlinks the entire inventory system with necessary checks and balances on the stock that would disallow any issues to be made without sufficient stock position, under any circumstances.
Launching Dashboard on FACT Desktop – Focus on the modules at hand under your command – safe, elegant and innovative
In the new version, FACT launches the Dashboard that scrolls down your FACT desktop, giving you faster access to world of FACT Accounting data. Click the Plus sign on the dashboard panel that unveils the FACT Entry and Reports module-wise. You may select the modules to appear on the dashboard with consummate ease with the help of ripple effect buttons. Thereafter, the dashboard includes a suite of modules, to get started and you can add more anytime. With a click of a mouse, dashboard disappears just as easily, so you can get back to what you were doing. The dashboard is user sensitive and conforms to the highest level of FACT security.
A sophisticated data storage plan with a simultaneous Data Backup facility of all Accounts in one go – Plan Backup in your own way
Securing your data in today’s world is a must. The importance of the data backup need not be over-emphasised. It is absolutely critical that users understand that corruption happens, hard drives will fail, motherboards will short out, and mistakes will erase data. Without a full data backup, getting up and going again could cost you several days of productivity.
FACT has developed a new state-of-the art technology backup storage solution to take care of your most business critical data. A stand alone Backup Utility Module with an intelligent data storage mechanism based upon your own schema with a facility for simultaneous data backup of all Accounts Installed in FACT in one go! For the sake of maintaining security and confidentiality of data, you may provide the access to this module through User Level Security Rights/Privileges.
Line Level Invoice Terms – define invoice terms at the product level – a great leap forward in Invoice Accounting
After keeping a close watch on the various Invoice accounting practices followed through the world, FACT has brought about a paradigm shift in the methodology of setting up your Invoice Terms for invoicing purchase and sale transactions. Current accounting standards have always shaped the design and usability of FACT. You may define Invoice Terms that shall be applicable at the Product Level i.e. Line Level of your Purchase & Sale documents. For example, you may invoice products attracting different rates of discount or different rates of GST levy, on a single Sale document.
No more dissatisfied debtors on account of having to deal with too many invoices and expensive debt control. The Invoicing and debt management becomes much easier now.
Revenue Expenditure Graph – A Powerful Financial tool for Income /Expenditure analysis
FACT has unleashed a powerful analytical tool – Revenue Expenditure Graph under Ledger / MIS Reports to study the impact of the Income (Revenue) / Expenditure heads over an accounting period (as a cumulative total for calendar months). The pictorial representation of the revenue / expenditure indicating the pattern of activity over a period of time compared with the base period value aids the management in financial planning and expenditure control. The Graph would help in identifying control points of your business and how does it affect your profitability. The Graph may be generated in either of the two formats – (i) Bar Chart (ii) Line Chart. The Graph can be generated for
(i) Individual Revenue / Expenditure (General Ledger Codes)
(ii) Only Revenue Items (Income Group Type)
(iii) Only Expenditure Items (Expenditure Group Type)
Along-with the Graphs, a report is also available indicating the Revenue / Expenditure cumulative totals for the report period
Multiple Delivery Orders or Goods Received Note linked to a Single Invoice – A versatile and Powerful invoicing tool
It is quite common amongst many gasoline companies who supply fuel on a daily basis to bulk clients and raise Invoices at the end of the month for all deliveries made during the month. You could just imagine the volume of accounting to be done particularly, when there are multiple deliveries made on a single day to a bulk client, over a month (or fortnight) and the invoicing to be done for these transactions. Moreover, the Customer may wish to settle the entire dues payable by him on a single Sale Invoice and may not want to receive so many Invoices for the deliveries made. Open FACT and the “Invoice with Multiple D/Os” entry module has just been tailor-made for you. We have only discussed just one of the many scenarios possible here. This feature may come quite handy in many other similar situations too. Similarly, you may link a single delivery order for many Orders. This hugely popular feature is available on both sale and purchase sides.
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