This module provides a complete cost accounting tool including a complete set of
operations. The general and the cost accounting are combined on the same
documents.
Main Features:
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User defined chart of accounts.
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Bi-dimensional accounting system.
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One or two local currencies + one foreign currency for each account.
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Automatic conversion to any other currency with “historically” & “at date
of” methods.
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Consolidation of up to 99 companies.
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Consolidation of accounts per cost centers and files.
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Account’s reconcilement and aging.
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Journal voucher.
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Debit and credit notes.
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Payment and receipt vouchers.
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Management of multiple types of payment documents (bills, bank transfers,
cheques,etc).
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Inventory of bills, cheques, etc.
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Automatic difference of exchange.
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Automatic end of period closing and prepaid expenses.
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Purchase and sales invoices.
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Payable & receivable accounts.
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Position, movement and aging trial balance.
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General ledger and statement of account.
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Multiple journal ledgers.
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Balance sheet.
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Profit and loss statement.
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User defined financial statement
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VAT and tax management (optional).
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Assets ledger and depreciation
entry.
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Assets Management
Socrate creates a database on the fixed assets of a company.
This database includes information on each fixed asset including the purchase
dates, amounts, depreciation rates as well as other "user defined" information.
Main Features:
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User defined database on fixed
assets (supplier, purchase date).
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Orders of fixed assets.
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Purchase and sales of fixed assets.
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Purchase and sales ledgers.
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Inventory per fixed asset and per
department.
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Fixed assets values.
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Fixed assets ledger.
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Automatic depreciation entries with
linear and digressive methods.
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Maintenance agreements on fixed
assets.
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Repairs and services on fixed
assets.
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VAT and tax management (optional).
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Interest Computation
This module computes and integrates interests on accounts.
Each entry in the accounting system is assigned a value date. Complete
information is also available for each account (debtor interest rate, creditor
interest rate, maximum credit allowed, penalties,etc).
Main Features:
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Different interest schemes that can
be defined for each period.
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Automatic interest computation
available for all accounts.
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Statement of account by value date.
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Budget
This module controls and follows up the budget of the
company. It generates reports on "budget v/s actual" per account or cost center.
Main Features:
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Multiple budgets for the same
period (optimistic, pessimistic,etc).
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Periodical and due date
multi-currency budget.
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Consolidation of up to 99 companies
& consolidation per file or cost center.
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Budget v/s actual per account
or cost center.
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Budget wizard to assist the
user in developing new budgets.
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Cash Forecast & Maturity Dates
This module records and follows up the maturity dates of each
payable and receivable amount. Listings of amounts to pay or collect are
available depending on multiple selection criteria. The software generates
charts of the cash forecast by integrating the actual cash and the future
payable and receivable amounts.
Main Features:
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Management of maturity dates
on payables and receivables.
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Reports on maturities per file,
job or date.
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Cashflow charts and forecasts.
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Inter-currency conversions.
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Interest calculation including
financial expenses and interest.
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Automatic printing of bills.
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Tracking of each collection and
payment document.
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“Recall of unpaid maturity”
mailing list.
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