Accounts Management – Gold Core ERP
The General Ledger is the financial face of the business: its accounts are affected by every transaction recorded in the gold-management sub-systems.
Key functions
- Post accounting entries for the company's gold weights and cash, and track their movements and financial statements.
- Update cash boxes and banks with receipts, payments, deposits, transfers and account settlements.
- Value the current gold and cash position at any time, expressed in gold or in cash.
- Follow up operational performance and identify any shortage or surplus in the gold balance.
- Produce reports with flexible options: account statement, general journal, trial balance, profit and loss, and balance sheet.
- Carry out the reconciliations and financial settlements required between accounts.
Key features
- Track cash collected against gold weights so it can be exchanged back into gold, keeping the replacement of missing gold under control.
- Monitor and control the movements and balances of accounts, the cash box, the gold treasury, and customer and supplier balances across all operations.
- Produce reviews and financial statements for gold-weight accounts, cash amounts or both, valued at the base gold karat, the base currency or both.
- Full, day-by-day documentation of daily gold operations, with attachments archived and preserved.
- Capture new ideas and opportunities for developing the business.
- Control costs and determine the profit or loss on making charges through the related operations.
