Finance & Accounts

Integrated Finance and
Accounts Management

Work in-line with the accouting standards of construction organisations and experience the integrated payable,
receivable and tax management in addition to the bank management, credit facility and MIS report.

How it works

Tactive Module diagram Finance and Accounts

Features

Subledgers Concept and Role Types Concept

Map the entities master/resource master against respective ledgers with our sub-ledger process. Avoid the dupication of entuty name registration in the product with various roles and get the consolidated statement of one respective entity with various role of business associates.

Multiple Company Chart of Accounts

Employ our system to fetch multiple companies chart of accounts to arrive at group companies' reports.

Integrated Payables

Reduce the impact of other department transaction on the finance, as they get passed as automatic JV based on the configurations like - supplier payables, labour payables, salary payables and taxation payables by refereing the orders (purchase or work order etc.).

Bank Management

Prepare the bank payment/receivable vouchers, directly or by refering the respective single or multiple payment requests. Do the bank reconciliation process in our system on periodic basis to reconcile the bank ledger. Import the bank statement from Excel/PDF to ERP for reconciliation process.

Integrated GST TDS

Employ our system to define the tax slab against the country and tax value, alongside the process integration with project transaction.

Multi-currency

Handle the multi-currency transaction with ease by using our currency convertion on current rate.

Benefits

Generate an automatic project-specific trial balance, balance sheet and PL report with a specialised double-entry system.
Experience integrated payment advice regarding purchase orders, book orders, bill certifications and retentions for better control of payables with reference to payment terms.
Proper recovery of resources utilised by subcontractors, hire suppliers during their bill booking and final payments.
Nullify the need for reconciliation by generating automatic JV entries for intercompany and inter-project transactions.
Have system assistance during the issue and release of payment during bank guarantee submission.
Experience a user-friendly process while filing TDS by using our system-generated process.
User-configurable MIS report enables you to define the MIS report format based on the company policy and accounting procedure.
Creditors/Debitors Ageing Report helps to analyse and release the vendor's payment on an ageing day basis.

Tactive Exclusive

Sub-Ledger and Role Type Concept enables to reduce of the creation of multiple account ledgers for a single entity.
Get a system-generated consolidated group company financial report, and reduce the manpower and time required to prepare the same manually.
Get controls on automated prepaid and provisional vouchers.
Generate an automatic project-specific trial balance, balance sheet and PL report with a specialised double-entry system.
Experience integrated payment advice with reference to purchase orders, book orders, bill certifications and retentions.
Channelise the recovery of resources utilised by subcontractors, and hire suppliers during their bill booking and final payments.
Have system assistance during issuing and releasing payment during background submission.
Project closure journals