Accounting Report is necessary for company management to manage and monitor his
company performance. If you want to be successful, please make sure you have accounting
reports at least once a month.
Most SMEs do not employ accountant. Most of them will say that the company could not
afford to add the accountant overhead cost to the already low profit. OfficeCentral Automated
Accounting feature is the solution that most of you waiting for.
Automated Accounting will read the data from the various departments on your company and
automatically do the debit and credit in the accounting automatically. If you do not have
accountant, this is fantastic. If you already have accountant, this will free him from the
tedious debit and credit work and enable him to help you on other things that are more value
Automated Accounting for CRM Sales
Your sales team will do their normal work using the OfficeCentral CRM System. He/She will
issue the invoice to his/her customers as usual. The Automated Accounting will understand what
Revenue (category) to Credit and What Debtor (customer) to debit. Practically 100% done
by computer. If you click the Profit and Loss report, you can already see the additional
revenue and the impact on profit.
If you click the Balance Sheet, you can already see the
additional value in Debtor account.
When he/she receives payment from her customer, he/she will record the payment in the CRM
Sales Credit to Debtor (customer) and Debit in the Bank. If you click the Balance Sheet, you
could immediately update on the Balance Sheet that the Debtor is already paid and the
Bank balance goes up by the same amount. Everything is done automatically. Of course, you
can see the general Ledger, Trial Balance and
Cash Flow reports immediately.
Automated Accounting for Purchasing Sales
When you use the OfficeCentral Purchasing, you can also turn on the Automated Accounting
feature. You will issue Purchase Order. You will receive Delivery Order. You will receive
the invoice from your supplier. The system will immediately update the Purchasing record
and Credit the Creditor (Supplier) and Debit the Cost of Goods Sold or the Overhead or
Asset. What account to debit is configured during the setting process earlier. You will
immediately can see the impact in the Profit and Loss report and the Balance Sheet.
You pay the supplier, the system will automatically debit the Supplier (Creditor) and credit
the Bank. The function probably done by Finance department. The Automated Accounting is
also available in Finance module.
Automated Accounting for Finance
You will do payment process using the Finance module. When you issue payment, the
Automated Accounting will be doing the debit and credit automatically. The finance
department may issue payment for purchases, payroll, staff advance and claims and others.
Automated Accounting for Payroll
Automated Accounting will also do these Payroll transactions effortlessly. The Payroll
involves many transactions such as staff salary, EPF by company, EPF by staff, SOCSO,
PSMB, Zakat, other deductions and additions. Every month there can be hundreds or
thousands of accounting transactions for the Payroll. Automated Accounting will save you
100% accountant time. If you are running a SME company, this could be the feature that you
have been waiting for. No need to add additional staff. No need to employ fulltime
accountant. Your accounting reports are prepared automatically by the OfficeCentral Automated Accounting.
Automated Accounting for Project Costing
OfficeCentral Accounting also have the feature for project Accounting. Basically, the system will give
you the Profit and Loss report for every project that you do. Many companies wanted to know the
P&L for every project that they do. The Automated Accounting feature will do the necessary debit
and credit transactions inside the system. You can click the Accounting reports on project
Accounting and will see the transactions reflected in the report immediately.
Automated Accounting will significantly increase your staff productivity. You will get your financial
reports immediately. There is no delay. You do not need to employ accounting data entry clerk. You
do not need to employ full time accountant if you could not afford it yet. It is not that you do not
need Accountant. You will now use your accountant to analyse your business performance and
advice you on what to do. They can analyse the past performance and help you predict the future.
You take action to ensure your continued growth. You take action to avoid predicted problems.