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💰 Finance & Controlling (FI/CO) Module

Detailed Functional Elaboration: General Ledger, Accounts Payable, Accounts Receivable, Asset Accounting, and Statutory Reporting.

📌 Financial Backbone of the ERP

The Finance & Controlling (FI/CO) module is the financial heart of the ERP. Every operational action across Procurement, Sales, Stores, and Payroll automatically triggers real-time double-entry debit/credit ledger postings, eliminating manual reconciliation.

Core Financial Sub-Modules

  • General Ledger (GL) Accounting
  • Accounts Payable (AP) & Vendor Invoice Matching
  • Accounts Receivable (AR) & Credit Management
  • Fixed Asset Accounting & Depreciation
  • Cost Center & Profit Center Controlling (CO)

Cross-Functional ERP Postings

  • Procurement: GRN posting creates inventory asset debit and unverified AP credit.
  • Sales: Dispatch creates cost of goods sold (COGS) debit and finished goods credit.
  • Assets: Automated monthly depreciation posting to cost centers.

📊 Key Reports & Financial Statements

Core Financial Entities

  • Chart_Of_Accounts (GL Code, Account Group, Type)
  • Journal_Voucher (Doc No, Date, Debit Amt, Credit Amt, Cost Center)
  • Vendor_Ledger (Vendor ID, Invoice No, Payment Terms, Balance)
  • Customer_Aging (Cust ID, Invoice Date, Due Date, Bucket)

Real-Time Financial Outputs

  • Real-Time Balance Sheet & Profit & Loss Statement
  • Trial Balance with Drill-Down to Source Documents
  • GST / VAT Return Statements (GSTR-1, GSTR-3B)
  • Cash Flow Projection & Working Capital Dashboards