FMS - Financial Management System
Keeping track of finances manually can be quite a hassle. Although with Financial Management System, you don’t have to worry about that anymore. It will keep track of all the transactions being performed in the institute and automatically generate accurate balance sheets and profit & loss statements for owners to have a clear view of the financial performance of their institute.
Business Financial Summary
A summary providing an overall view of your current business status with a time base structure that includes profit & loss account and balance sheet. The Power user can see the overall financial performance of the business with the click of a button.
Bank & Cash Accounts
Used to manage the cash in flows and out flows in your ERP. Users can create multiple accounts to manage multiple cashiers and bank accounts.
Payments & Receipts
Transactions of any nature are recorded under payment and receipts. Whether they belong to spending or receiving money, bank or cash transactions, everything is logged here.
Dynamic Chart of Accounts
GLOWSIMS allows their Users to develop 100% dynamic and customized chart of account for their institute.
Cash Flow
Manage cash inflows and outflows in ERP.
Assets Management
The freedom for users to manage all assets that belong to their business. Deprecations and disposal of items will also be managed here.
Capital Accounts
If an educational institute is managed by multiple partners or a particular investor wants to track their investments, then capital accounts is where this task is performed. Funds contributed, drawings, ROI is calculated here.
Journal Vouchers
Managing complex financial transactions.
Inventory Management
The process of ordering, storing, using, and selling a company’s inventory. This includes the management of components and finished products, as well as warehousing.
Tax Management
Equipped to manage any kind of tax transaction performed under an educational institute.
Balance Sheet, Trail Balance, Profit & Loss Statement
Various number of dynamic financial reports will be found here.
