Hinawi ERP: A Suite of Integrated Modules with Full Arabic Language Support
Introduction:
The Accounting module is a fundamental part of Hinawi ERP, serving as the financial repository where all financial outputs from all modules of the software converge. Users need to navigate to the “Post to Accounts” menu within the software and perform the posting with a single click. Below is a detailed explanation.
Posting procedures from the Accounting module can be of two types: immediate posting and batch posting.
Real-time Posting:
When transactions are saved, they are automatically and immediately reflected in the financial reports. This ensures real-time updates and accuracy in financial reporting.
Batch Posting: In batch posting, the transactions are collected and held until the user approves them. Once approved, the posting is performed, and the financial reports are updated accordingly. This method allows for reviewing and verifying transactions before they impact the financial statements.
By using Hinawi ERP, companies can efficiently manage their financial operations with flexibility and precision, ensuring that their accounting processes are streamlined and effective.
Financial Impact of Software Modules on the Accounting System
Financial Impact of the HR and Payroll Module on Accounts:
The HR and Payroll module in Hinawi ERP allows the posting of prepared salaries from the HR and attendance modules. This includes the posting of vacation salaries, employee tickets, loan values, and end-of-service benefits to the accounts. Additionally, allocations for vacation salaries, travel tickets, and end-of-service benefits are posted.
Financial Impact of the School Management Module on Accounts:
The School Management module in Hinawi ERP enables the posting of all revenues and deductions related to students and tuition fees to the accounting system, ensuring the accuracy of financial records and saving the accountant from manually posting thousands of invoices.
Financial Impact of the Fixed Assets Module on Accounts:
The Fixed Assets module in Hinawi ERP allows the posting of depreciation and disposal entries to the accounting system to ensure accurate updates of financial records. This includes the monthly depreciation of assets, helping to track the value of assets precisely. Disposal entries are also posted when assets are sold or replaced.
Financial Impact of Posting Opening Balances on Accounts:
The system allows the posting of various opening balances to the accounting system to ensure accurate updates of financial records. This includes the posting of opening balances for checks under collection, deferred issued checks, used assets, and reserved insurance. It also includes the posting of opening balances for prepaid rental revenues.
By integrating these financial impacts into the accounting system, Hinawi ERP ensures comprehensive and accurate financial management, supporting seamless and efficient business operations.
Hinawi ERP Menus
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