Financial System
The financial system generally has the ability to process multiple currencies, the user can define the account currency, and can use any currency as a unit for statistical analysis. The financial system provides users with various forms of vouchers and account books in line with my country's finance, including: receipt vouchers, payment vouchers, transfer vouchers, quantity vouchers, foreign currency vouchers; bank, cash journals, quantity accounts, current accounts, multi-column accounts, General ledger, subsidiary ledger, etc. The financial system has the characteristics of rich functions, flexibility, strong versatility, easy operation, strictness and reliability. It is a core part of financial management. Provide guidance for the company's inventory, procurement, sales, production, etc., and provide timely and accurate financial information for corporate leaders' decision-making.
In addition to accounting, finance, taxation, and ERP (Enterprise Resource Planning System), the corporate financial system should also take into account business control such as sales, procurement, and mergers and acquisitions, and establish cost centers, profit centers, and investment centers according to the characteristics of operation and management. In addition to the role of decision support, business processing, control and implementation of corporate rules and regulations, the financial system also needs to develop value-added services, such as information required for integrated management. The financial system needs to study the reasons for the decline of budget control effectiveness, design a personalized internal control system, constrain and guide the behavior of organizational members, and punish violations, so as to establish and maintain trust relationships. When the trust reaches a certain level, there will be high acceptability among members, and the demand for control will decrease. If the control is still strengthened, it may lead to a decline in the degree of trust and operational efficiency. At this time, the identification of profit sources has become the focus of the financial system. Through job management accounting, the reasons for changes in costs, prices, profits and market shares are analyzed, and relevant information is provided to evaluate the effectiveness of research and development, service innovation, employee capabilities, etc., Ensure the smooth implementation of corporate strategies.
reporting tool
Example tool: FineReport
demand scenario
Through traditional systems, we can easily collect data similar to the following:
However, from this table, all kinds of data are just piled up together, and it is difficult to analyze useful information. This is the weakness of traditional systems that emphasize processes and ignore data analysis. We can see that the above report shows a lot of data in the traditional system, the format is messy, and the data has been blocked before it conveys information to us. The role of data is to generate value. Data that cannot generate value can only increase our workload and occupy effective time. It is a wise choice to block such data.
The introduction of a reporting tool can strengthen the weaknesses of traditional light data presentation and data analysis. After processing in the reporting tool, the data in the above table becomes the following form:
In this table, we can see a lot of information:
The number of projects in the northwest district in January and February was much less than that in other districts. Digging deeper is why the number of projects will be much less?
2. The focus of industry distribution is the land industry. What does it say?
If you continue to dig, you can find potential problems, adjust them in time, and prescribe the right medicine.
Financial management system combined with reporting tools
The financial system can usually be divided into 7 modules. The following is the display of each module of the financial management system after combining with the reporting tool. Each module will have corresponding business process sub-modules and report analysis sub-modules.
The general ledger management subsystem includes basic data management, voucher transaction processing, period-end processing, and account book management.
Credential processing: add, review, query, modify
Account book analysis report:
Sales Analysis
Accounts receivable management subsystem: customer information management, invoice transaction processing, collection transaction processing, and dunning management.
Accounts Payable Management Subsystem: Supplier Information Management, Invoice Transaction Processing, Payment Management.
Accounts Payable Analysis:
Fixed asset management: basic data management, asset transaction processing
