About the Financial System in SmartPro

The Financial System is an essential part of ERP systems, as it is linked to several other systems such as the Sales System, the Purchasing System, and the General Ledger. The Financial System was developed to meet the needs of various companies and their financial requirements comprehensively.

The Financial System services include many flexible features that facilitate the management of financial operations and improve their accuracy, contributing to achieving the company's objectives more effectively. The financial system in SmartPro was built, reviewed, audited, and developed under the supervision of a team of experienced accountants from different nationalities.

Among the services provided in the Financial System:

• Chart of Accounts :- The chart of accounts in SmartPro is characterized by ease and flexibility in setup, level definition, and financial statement assignment, with permission management that prevents any impact on the chart of accounts whether by deletion or modification.
• Journal Entries :- Journal entries were developed based on the combined experience of accountants with long-standing expertise in accounting work, so that ease, accuracy, and flexibility are integrated into accounting operations.

There are journal entries entered from the journal entries screen or opening balances. And there are automatic journal entries that are generated automatically according to each transaction.

-Account setup and linking system operations with the financial system to generate automatic journal entries according to each transaction's settings and according to the requirements of each business activity and the method the accountant sees as suitable in their work.

• Cost Centers: Cost centers are linked to all operations in the system, and operations can be detailed by cost centers through detailed reports.
• Receipt and Payment Vouchers :- Receipt and payment vouchers were built in multiple templates according to the granted permissions, whether for small, medium, or large entities.

• Requests and Approvals

A special workflow has been developed for recording accounting operations, whether entries or vouchers, and subjecting them to electronic review and approval by specialists, whether in review or approval, through a workflow that starts with entering the entry and sending it for review, then sending it for approval. It does not affect accounting operations until approval.

Closing Reports

• Many financial reports and statements have been developed in a smooth way that handles all data formats (Excel - pdf ..) and according to flexible search filters that provide ease and accuracy in extracting financial reports and statements to determine the system's results accurately in general.
• Income Statement Report
• Balance Sheet Report
• Account Statement
• Trial Balance

-And many accounting closing reports, as well as the ability to develop reports that suit the client.

These services help organize financial operations effectively, save time and effort, and provide accurate reports that help in making strategic decisions based on the available financial data.