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About Front Accounting ERP

Front Accounting is an open-source enterprise resource planning (ERP) system designed for small and medium-sized businesses. It is a web-based software solution that provides a range of features for financial management, purchasing, sales, inventory management, and payroll.

One of the main advantages of Front Accounting is its open-source nature, which makes it a cost-effective solution for businesses that want to avoid the high costs associated with commercial ERP systems. The software is also highly customizable, allowing businesses to modify it to meet their specific needs.

 Front Accounting provides a range of financial management features, including accounts payable and receivable, general ledger, and cash management. It also supports multiple currencies, making it suitable for businesses operating in different countries. The software provides robust reporting capabilities, including balance sheets, profit and loss statements, and cash flow statements.

In addition to its financial management features, Front Accounting also includes inventory management, purchasing, and sales management features. It also provides payroll management capabilities, including the ability to calculate taxes and deductions, and to generate pay stubs and reports.

Overall, Front Accounting is a comprehensive ERP solution that provides a range of features for businesses looking to improve their financial management, reduce costs, and increase efficiency.

The main features of Front Accounting ERP include:

1. Financial management: Front Accounting provides a range of financial management features, including accounts payable and receivable, general ledger, and cash management.

2. Multi-currency support: The software supports multiple currencies, making it suitable for businesses operating in different countries.

3. Reporting: Front Accounting provides robust reporting capabilities, including balance sheets, profit and loss statements, and cash flow statements.

4. Inventory management: The software includes inventory management features, such as the ability to manage stock levels, track supplier performance, and generate reports on inventory levels and movements.

5. Purchasing and sales management: Front Accounting provides purchasing and sales management features, including the ability to manage quotes, sales orders, and invoices, and to track customer and supplier information.

6. Payroll management: The software includes payroll management capabilities, such as the ability to calculate taxes and deductions, and to generate pay stubs and reports.

7. Open-source: Front Accounting is an open-source ERP system, making it a cost-effective solution for businesses looking to reduce costs.

8. Customizable: The software is highly customizable, allowing businesses to modify it to meet their specific needs.

9. Integration: Front Accounting integrates with other business software, such as banking and payment systems, to provide a comprehensive solution for business management.

10. User-friendly interface: The software has a user-friendly interface, making it easy to use even for individuals with limited accounting knowledge.

The benefits of using Front Accounting ERP include:
1. Cost-effective: Front Accounting is an open-source ERP system, making it a cost-effective solution compared to commercial ERP systems.
2. Customizable: The software is highly customizable, allowing businesses to modify it to meet their specific needs.
3. Improved financial management: Front Accounting provides a range of financial management features, including accounts payable and receivable, general ledger, and cash management, helping businesses to improve their financial management and reduce errors.
4. Increased efficiency: The software automates many routine tasks, freeing up time for more strategic tasks and improving the overall efficiency of the business.
5. Improved reporting: Front Accounting provides robust reporting capabilities, including balance sheets, profit and loss statements, and cash flow statements, helping businesses to make informed decisions and track their performance.
6. Compliance: The software supports compliance with local tax laws, reducing the risk of fines and penalties for non-compliance.
7. Integration: Front Accounting integrates with other business software, such as banking and payment systems, to provide a comprehensive solution for business management.
8. User-friendly interface: The software has a user-friendly interface, making it easy to use even for individuals with limited accounting knowledge.
9. Accessible from anywhere: As a web-based software, Front Accounting can be accessed from anywhere with an internet connection, allowing businesses to manage their finances and operations from any location.

Features of FrontAccounting Software

Sales And Accounts Receivables

  • Open Customer Accounts and Customer Branches
  • Make Sales Areas, Sales Types, Sales Groups, Salesman Groups
  • Make Sales Groups for grouping Customer Branches
  • Prepare Sales Quotations (with inquiry and creating of Sales Orders)
  • Prepare Sales Orders and Goods Delivery Notes
  • Prepare Customer Invoices and Credit Notes
  • Make Batch Invoicing for more than one delivery order.
  • All of the Sales documents are completely editable and printable
  • Point of sales definitions for better handling of cash sales
  • Customer Payments and Allocations
  • Company logos can be attached to sales documents
  • Dimensions can be selected for Sales Delivery and Invoices
  • Shipping Costs and Legal Text can be added to Invoices

Purchases and Accounts Payable

  • Open Supplier accounts
  • Make Purchase Orders, Goods Receival Notes and Payment Terms
  • Clearing of Goods Receival Notes
  • Entry of Supplier price lists & related conversion factor into purchase prices
  • Prepare Debit Notes and record Credit Notes from Suppliers
  • Supplier Payments and Allocations
  • Company logos can be attached on documents
  • Dimensions can be selected for Purchase Orders and Purchase Invoices
  • Option of attaching scanned documents with transactions

Inventory and Stocks

  • Record Stock Items
  • Define Item Categories and Item Locations
  • Record location transfers and other adjustments
  • Set re-order levels for Inventory Items
  • Automatic calculation of average material cost (per unit)
  • Application of standard and overhead costs, into material prices
  • Quantity of Items can be measured into standard units
  • Foreign codes registration for barcode scanner entry

Manufacturing

  • Prepare bills of materials, Work Center inquiries and Work Order entries
  • Feasibility of adding advanced production and simple assembling features

Fixed Assets

  • Fixed Assets Purchase
  • Fixed Assets Location Transfers
  • Fixed Assets Disposal
  • Fixed Assets Sales
  • Fixed Assets Movements
  • Fixed Assets Inquiry
  • Process Depreciations
  • Locations, Categories and Classes

Dimensions

  • Two level of Dimensions are possible. You setup this in Company Setup.
  • Two levels could be: Departments, Cost Centres.
  • One level could be Cost Centre or Project.

Cash and Bank

  • Open Bank and Petty Cash Accounts
  • Record payments, deposit and withdrawals in related accounts
  • Various currencies can be added and foreign currency translation is also done
  • Record bank enquiries and reports
  • Prepare bank accounts reconciliation
  • Transactions can be made void and reprinted

General Ledger

  • Open general ledger accounts, account classes and groups
  • Record journal entries and budget entries
  • Generate ledger accounts detailed enquiries with drill down reports
  • Make journal enquiries with an option to view journal entries
  • Closes the fiscal year and brings forward retained earnings
  • Record depriciation entries on period based
  • Make journal entries with corresponding entry in supplier / customer account
  • Filter General Ledger reports by dimensions
  • Quick entries (preset GL transactions) in bank deposit/payment, journal entry and supplier invoice/credit

Reports

  • Print, Email and Convert into PDF; all the reports
  • Export the reports in MS Excel/Open Office Calc format
  • Generate reports on periodic and financial years basis
  • Email documents directly to customers
  • Make graphical analysis (Horizontal/Vertical Bars, Dot Lines, Pies and Donuts)
  • Tag and save report selections

Access Levels and adaptations

  • Different companies can be set-up simultaneously
  • Separate financial years can be created and closed against entries
  • Multi user access with different privileges
  • Make backups and restore for companies
  • Date Picker with week numbers for all date fields
  • Simple Audit Trails
  • Extensions for customizing menu tabs and applications

Advanced Features

Multi-Currency Support

  • Historical Currency Rates
  • Multi-Currency Bank Accounts, Customers And Suppliers

Advanced GST/VAT handling

  • GST/VAT can be selected on Customer, Supplier and Item basis
  • Advanced GST/VAT report for details and outputs/inputs

Language Support

  • Full support for localization by the GNU's gettext package
  • Multi language support with right to left support in Arabic language
  • Different chart of accounts can be installed and activated
  • Jalali and Islamic calendars are supported

Other Details

  • Every document can be emailed and printed simultaneously
  • PDF can be formatted for every document
  • Projects, Cost Centers, Departments can be added, using Dimensions

Implementation Costs-

Front Accounting Costs 25,000 BDT to implement all modules with training and implementation with licensing package.


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