Hinawi ERP: A Suite of Integrated Modules with Full Arabic Language Support
Introduction:
The Accounting module is an essential part of the Hinawi ERP system, serving as the central repository for financial data from all software modules. To post this financial information, users can simply navigate to the “Post to Accounts” menu and complete the process with a single click. Below is a detailed explanation of how to do this.
Posting procedures from the Accounting module can be of two types: real time and batch.
Real-time Posting:
When transactions are saved, they are immediately reflected in financial reports, ensuring real-time updates and accuracy.
Batch Posting:
In batch posting, transactions are gathered and held for user approval before being finalized. Once approved, they are posted, and financial reports are updated. This approach enables a thorough review and verification of transactions prior to affecting the financial statements.
With Hinawi ERP, companies can effectively manage their financial operations with flexibility and precision, ensuring streamlined and efficient accounting processes.
Financial Impact of Software Modules on the Accounting System
Financial Impact of Software Modules on Accounts
The Hinawi ERP system seamlessly integrates financial data from various modules into the accounting system, promoting accuracy and efficiency in financial management.
1. HR and Payroll Module Impact on Accounts
The HR and Payroll module in Hinawi ERP automatically posts prepared salaries derived from the HR and attendance modules. This includes vacation salaries, employee travel tickets, loan amounts, and end-of-service benefits. Additionally, it manages allocations related to vacation salary provisions, travel ticket entitlements, and end-of-service payouts. Automating these financial processes ensures accurate accounting and significantly streamlines payroll operations.
2. School Management Module Impact on Accounts
The School Management module in Hinawi ERP enhances the efficiency of managing student revenues and tuition fee deductions by directly posting them to the accounting system. This automated process eliminates the manual handling of vast invoice volumes, reduces the workload on accounting staff, and ensures consistent and accurate financial records.
3. Fixed Assets Module Impact on Accounts
The Fixed Assets module in Hinawi ERP ensures precise financial updates by automating the posting of depreciation and disposal entries. It facilitates the accurate tracking of asset values through monthly depreciation calculations and maintains proper documentation when assets are sold or replaced, minimizing errors in asset management.
4. Posting Opening Balances Impact on Accounts
Hinawi ERP efficiently posts various opening balances to the accounting system, covering cheques under collection, deferred issued cheques, utilized assets, reserved insurance, and prepaid rental revenues. This ensures that all financial data is accurately recorded, eliminating inconsistencies and promoting reliable financial reporting.
Comprehensive Financial Management with Hinawi ERP
By integrating financial data from multiple modules, Hinawi ERP delivers a comprehensive and accurate financial management system, enabling businesses to operate seamlessly and confidently make data-driven decisions.
A system demonstration can be arranged by contacting the mobile or WhatsApp number +971506228024
