FAQ Manuals Accounts and Finance Module Finsys ERP – Page 1

FAQ Manuals Accounts and Finance Module Finsys ERP – Page 1

Instruction Manuals : Finsys ERP Usage

How to use Finsys ? You can use these manuals to train yourself. Our team is always there to help you.

Manuals : Accounts And Finance FAQ of Finsys ERP

How to use Finsys ? Finance Module — upto Bank Reconciliation, and review of Balance Sheet and P & L Account

Note = The Financial Accounts Module is quite similar for any kind of business. Whether your company makes anything from Rubber Auto Components, to large EOT Cranes and hoists, Printing Machines to Valves for Oil/Gas Energy sector; Food packaging to Noodles.  So, you can use these manuals to irrespective of the specific business you are in.


Debit And Credit Note – Rules in Finsys ERP

Type Identification

58

59

32

31

Nick Name

GST CN

GST DN

CN JOURNAL

DN JOURNAL

Purpose
CUSTOMER RELATED  CREDIT NOTE RATE DIFF, QTY DIFF —-REFLECT IN GST RETURN
CUSTOMER RELATED DEBIT NOTE RATE DIFF, QTY DIFF —-REFLECT IN GST RETURN
SUPPLIER RELATED  CREDIT NOTE RATE INCREASE, QTY DIFF ,ASK VENDOR FOR DEBIT NOTE
SUPPLIER RELATED  DEBIT NOTE  RATE DECREASE, QTY DIFF, ASK VENDOR FOR CREDIT NOTE

CHECKS AND CONTROL IN PURCHASE ENTRY.

Things to be seen before passing any Purchase voucher
1 PROPER INVOICE , ORIGINAL FOR BUYER
2 PARTY GSTN IS CORRECT
3 OUR COMPANY NAME ? ok ?
4 OUR ADDRESS is ok ?
5 CHECK OUR GSTN IS CORRECT is ok ?
6 MATCH WITH PARTY INVOICE
7 MATCH WITH P.O, TAX TYPE,RATE, AND HSNCODE
8 MATCH WITH MRR
9 HSN CORRECT
10 ITC ALLOWED OR NOT
11 PLACE OF SUPPLY MUST BE OUR STATE
12 FREIGHT TAXABLE
13 GST CLASS PROPERLY USE

 

Finsys ERP “Voucher Types” Logic and Usage

 

30 Journal Voucher Salary , wages, depreciation, etc
50 Purchase Goods with MRR Raw material purchase, consumable purchase etc
51 Service with MRR , Job work etc Job Work exp, Repair Maintenance etc
5A Purchase service without MRR Service invoice, professional, Legal , other services
53 Sale Return from Customer Sale return
5B RCM – Registered Vendor Trasnport service from Registered vendor, legal service from Registered vendor
57 RCM – Un Registered Vendor Trasnport service from Un Registered vendor, legal service from Un Registered vendor
58 Customer GST Credit Note Material Return by customer, rate reduction etc
59 Customer GST Dedit Note Rate increase
31 Supplier Dedit Note Purchase return to vendor, rate reduction
32 Supplier Credit Note Rate increase


Voucher Type Series

 


Now in Detail – Voucher Type series

PARTICULARS 50 51 5A 53 5B 57
PURCHASE SERVICE W/O MRR SALE RETURN RCM REG RCM
SERVICE NO YES YES NO YES YES
GOODS YES NO YES YES YES YES
REGSITERED YES YES YES YES YES NO
MRR YES With MRR Without MRR YES
GST YES YES YES customer invoice NO NO
Date of Booking MRR DATE MRR DATE BILL DATE MRR DATE BILL DATE BILL DATE
RCM NO NO NO NO YES YES
PRINT INVOICE YES
Examaples Purchase paper, Ink , Consumables, Machines Job Work of printing sheets, repair of capital goods Professional , other repair , AMC, Security registered in GST Sale return from customer only with Invoice Registered Transporters like jaipur golden , inland world UN Registered Transporters, Advocates etc

 

 

Link to the Website containing the Accounts Training Manuals used during Training sessions of ERP Implementation =

https://drive.google.com/drive/folders/1nX_tKo9jopTGUf_dgq3DMbl2_INlP4UU?usp=sharing

This is link to our Google Drive

 

Manuals - Standard Operating Procedures 

1

Finsys standard Accounts ledger Names 2020-6 A 

( the Recommended Ledger Accounts , in  Finsys ERP -- Right from Share Capital to Cash, GST Accounts to TDS Accounts)

Excel File
2

Accounts - SOP-- for Vendors Account Grouping. Sub Grouping, Reasons, Why and How 06 series

Accounts - SOP-- for Vendors Account Grouping. Sub Grouping, Reasons, Why and How 06 series

Excel
3

Accounts - SOP for Customer Codes (what is right Subgrouping Logic) and Why ?

Accounts - SOP for Customer Codes

4

Bank Reconciliation

 

5