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> Products > 3S Finance > Accounting & Finance Management Software - 3S Finance
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11/17/2007 12:26:00 AM
Accounting & Finance Management Software - 3S Finance
Introduction

        Running a business today is more challenging than ever. With limited resources, the business owner is often responsible for managing most of the day-to-day tasks of running the business, including handling the finances. Most business owners recognize that accounting & Finance is a vital task, yet the complexity of managing cash flow, payroll, taxes, invoicing, and expenses can be overwhelming. And the daily challenges of simply running a business make it difficult for owners to find the time to get a complete view of the financial health of the business.
        Most business owners do not have ready access to the financial data they need to assess their business. Essential information is often held by different people and spread across several places in the business such as paper files in file cabinets, e-mail messages, Microsoft Office Word documents, or Microsoft Office Excel spreadsheets. General accounting software can help perform key financial tasks, but still does not provide all the answers. Even if the business owner hires one more accountant or bookkeeper, gaining relevant information to make business decisions can be costly and time-consuming.

        The key to managing finances in a business successfully is to simplify the process and make it easier for the owner and employees to get work done. The owner and employees need a way to organize and view the critical accounting & finance information so that they can effectively perform everyday financial tasks like quoting, invoicing, or tracking billable time, without having to enter the information multiple times. Employees should be able to enter the information in the program and this information should flow into the accounting system automatically. Finally, the owner needs a way to get a complete view of the business to make the right decisions and help the business grow.

Main modules of 3S Finance 7.0
I. Financial Management
      1/ Cash Management (cash on hand, cash in bank, loans)
               Instantly tracking cash on hand and cash in bank in various currencies such as VND, USD, EUR, JPY, ...making and printing Payment note and Receipt note, Payment order right from your computer; auto calculating and treating difference of foreign exchange rate; making payment to purchase invoices, receipt of sold goods, netting off against debts.
Reports: Cashbook, Daily cashbook, Daily accounts, Register on receipt, Register of payment, Cash flow statements, Reports of cash balance on hand and in bank, etc.
      2/ Accounts receivable
Receiving data of accounts receivable from sales account subsystem; Tracking accounts receivable according to each customer, customer group, per invoice, per commerce affair, each contract and per officer in charge; accounts receivable would be managed according to payment period, value limit and due date.
Reports: Detailed accounts receivable per customer, detailed accounts receivable per various customers, Accounts receivables sheet, Reports on accounts receivable according to payment period, etc.
      3/ Accounts payable
Receiving data of accounts payable from purchases account subsystem; Tracking accounts payable according to each supplier, invoice, commerce affair, and contract. Accounts receivable would be managed according to payment period....
Reports: Detailed accounts receivable per supplier, detailed accounts payable per various suppliers, Accounts payable sheet, Reports on accounts payable according to payment period, etc.
      4/ General Ledger
To combine figures from detailed accounts subsystems: Money resources, accounts receivable, accounts payable, price costing, fixed assets, sales account, purchases account, inventories; to collect data for prepare summary reports, financial reports, taxation statements.
Apart from data receiving from specific subsystems, general accounts, it would creates such entries as allocating, carrying, auto-adjusting, book-closing in order to preparing accounting books, reports in compliance with accounting system.
Accounting books: Program would auto-combine and report preparation under 4 accounting forms such as General ledger, Voucher-register, Journal, Journal - ledger. It depends on business characteristics and management requirements that the enterprise should select which one of those accounting forms.
      5/ Tax report (the latest form)
The program would calculate and track taxes and duties to state budget. It auto-enumerates input and output taxes once as vouchers were made in subsystems, at the same time, supplemently enumerate and adjust input and output taxes.
3S Finance would update tax policies and tax forms.
Reports: Input invoices and vouchers sheet, (Form 03, 04, 05); Output invoices and vouchers sheet (Form 02), Tax enumeration sheet, Book on tracking VAT to be returned, Book on tracking VAT exemptible.
      6/ Financial statements (the latest form)
Off balance sheet, Balance sheet, Report on operating results: Profit/Loss, Obligations to State budget; VAT deductible, VAT to be returned, VAT exemptible; Statements of cash flow (on direct or indirect methods), Notes to Financial reports.
II. Cost management & cost price calcultation
Program would collect, track production cost per production, work or products group, works group, etc. according to each period.
It would state planned price, norm price, comparing actual price with planned price, norm price. Then, it gives deep analysis serving as basis for decision making and controlling business activities more effectively.
Auto-allocating, carrying cost, it allows to allocate general expenses according to various criteria.
Price calculating under methods: Direct method, norm, coefficient, reversion, combined.
Reports: Price card, summary sheet on price, Materials usage for production sheet, Sheet on salary expense, social insurance, union cost for product, Reports on expenses under sub-accounts, Reports on construction cost, Reports on profit and loss for construction cost, etc.
III. Purchasing management
               The program would manage and track on quantities, inputs value, returned goods, calculating and allocating purchase expenses under installments on each good item. It would also enumerate and track input VAT, import tax on invoices.
Reports: Input purchases sheet, Journal on purchases, Reports on purchases per supplier, per contract, per goods group, Report on purchases by 2 criteria, Summary sheet on inputs, etc.
IV. Sales management
The program would manage and track outputs on quantities and value. It allows printing retailed invoices or VAT invoice right your computer. It allows managing and recording returned goods actively.
It auto-enumerates and specify VAT, essential tax, output tax as well as sales discounts, sales-off, promotion accounts under different ways.
Reports: Report on sales accounts, which could be selected under different criteria like on invoices, goods item, customer, customer group, periods comparison, contract, commerce affair, sales officer, sales price, ... enabling managers control their sales status.
V. Inventory Management
               Program would manages inputs, outputs, in-stocks of materials in quantities and value, at the same time, receiving data from sales and purchases subsystems since retrieving exact information in order to control in-stocks, minimum and maximum in-stocks, in-stocks on each receipt note.
3S Finance allows managing goods, materials according to structures, units and converting to standard units like: Ton – kg, Carton – can, m3 – litter, etc.
3S Finance allows calculating materials price under various methods: Average on month, First – in First - out, Specific identification.
Reports: Report on inputs, Report on outputs, General Report on In – Out – On, Book on materials, Stock card, Report on in-stocks, Report on in-stocks on stock, Report on in-stocks under receipts notes, ...
VI/ Fixed assets management
Program would track increase and decrease of assets according to group, using unit, resource, using object, assets rotation over periods.
It would auto-calculate and recording depreciation of fixed assets according to resource, using purpose, using unit. Depreciation value would be actively adjusted in accordance with managing and production requirements.
Depreciation value would be calculated under straight line method and deductive method. Assets would be counted according to every group, kind and using objects.
It allows managing and allocating value of instruments to expenses of Accounts 142, 242 and reports on allocating position.
Reports: Depreciation of Fixed assets, Depreciation allocation, Detailed report on Fixed assets, Detailed counting of fixed assets, Detailed counting of fixed assets according to resources, Increase and decrease of fixed assets, etc.
VII. System management
Subsystem manages and declares system parameter, manages and save data, declare and manage the user. It allows declaring, setting up system parameter as required. Security feature allows declaring and decentralizing to carry in every function, list, functional words, every act on voucher for each user.
It also auto-maintains and auto-checks data, finds out and corrects errors so the user could detect mistakes in acts.
It enable users outprint data in/out, transferred/received and combine all figures in branches, members with figures in Head office. It supports to consolidate the general reports throughout the enterprise.
It auto-copies and saves figures as scheduled, outprint data on Excel, Word, file DBF and other useful functions.
Some outstanding features of 3S Finance 7.0

  • Accounting software for management: 3S Finance 7.0 is designed according to management direction as a tool to help managers at various level analyze and make a effective and on-time business decisions. Analyzing the multi-direction, multi-level data, considering the information in different aspects to help the manager have the overall view of the business activities. Besides, it also helps the manager to plan, compare and analyze the fluctuation between practice and plan.
  • Flexible, soft and open system:The software system can be adjusted or developed not only fitting with present demand but also at the ready for the expanding development demands in future and the change of accounting regulations and policy of the state.
  • Up – down management feature: Permit users inquiring reports from detail to general when it is in voucher updating screen. Conversely, users can query from general report into detailed books and access in arising vouchers.
  • Advanced technology: SQL Server 2005 Database is used with a system which is designed according to multi-layer models, it permits to work well with the big data quantity, high stableness, security and absolute data safety.
  • Comprehensive solution: The design of the software obeys closely the latest accounting and finance regulations. Its total modules in a united process help to avoid the same works between the offices like updating stock receipts and issues at materials department, updating sales invoice at sales department, personnel file and salary counting at personel department, the data is moved to accounting department to check and post.
  • Thoughtful and professional service: The process of approaching and deploying the project includes 9 steps by the enthusiastic, active and good specialists and it is monitored closely by quality management department and thoughtful customer care - consultancy - warranty service. 
And many other outstanding features as:
  • Manage data of multi-units, multi-activities.. Able to calculate cost and define profit/ loss for each unit, each activity of and collect for the whole company. This function makes base for implementing branch management automation.  
  • Manage data for multiple working years, make able to view inter-year data (especially for construction projects and production lines).
  • Use multiple unit of material to control goods and materials, make able to convert unit automatically.
  • Many free fields for users themselves to define. When there are changes in regulations, decisions of ministry of finance or changes in internal management of the company, customers can themselves define free fields without the customization of the producer. (this can reduce considerable investment cost for Enterprises).
  • Supplement voucher status to make management process flexible, reduce work overlap, able to follow and reflect exactly the status of work. This is a “revolutionary” function to manage “alive” information instead of “dead” information before.
  • Grant rights even for each function, each operation for users.
  • Complete the function of keeping track of users, clarify the responsibility for work, professionalize the process of dealing with vouchers.
  • Calculate the prime cost price of each item, product instantly.
  • Able to back-deduct taxes, make convenient for users to calculate tax down or upside down.
  • Make able to control materials and goods in batches so as to manage goods securely for customers.
  • Able to zoom working screens with vouchers in large or small.
  • Booking the difference of exchange rate automatically, enable to use real exchange rate or accounting rate.
  • Parameterize the system, declare the parameters of the system flexibly.
  • Able to be applied for different accounting models: General ledger, registering voucher, voucher journal and ledger journal.
  • Multi-methods of calculating cost price: dynamic average, monthly average, FIFO, original price. Declare the cost price calculating methods for each item, goods.
  • Able to manage multi-currencies: USD, EURO, VND,...
  • Friendly user interface, easy to use, with detail user guide.
  • Use two language Vietnamese – English.
  • Dictionary system is united for the whole system: account, item, goods, customer,...
  • Copy and recover data for periods, using only one mouse-click.
  • Duplicate vouchers to facilitate users and reduce time when working with nearly the same vouchers
  • Sales report in multi-currency
  • ...
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