Overview

A financial application provides a set of techniques that organizations (entities) use to manage their financial affairs, particularly the differences between income and expenditure and the risks of their investments. OpenBlueLab ERP contains a « Financial » plugin to help companies to manage their financial activity.

The financial activity includes this different parts :

General accounting

• Journal : any book containing original entries of daily financial transactions.

• Ledger : any book of accounts containing the summaries of debit and credit entries.

• Balance Sheet : basic FINANCIAL STATEMENT, usually accompanied by appropriate DISCLOSURES that describe the basis of ACCOUNTING used in its preparation and presentation of a specified date the entity's ASSETS, LIABILITIES and the EQUITY of its owners. Also known as a STATEMENT OF FINANCIAL CONDITION.

• Income Statement : summary of the effect of REVENUES and expenses over a period.

• VAT declaration

• Treasury

Financial accounting

• Balance sheet analysis

• Income statement analysis

• Flow tables

Management controlling

• Budgeting : Previsionnal budgets are established for next accounting period in order to envisage, in detail, expenses and revenues. Then, this budgets can be compared to the reality

• Management accounting : the phase of accounting concerned with providing information to managers for use in planning and controlling operations and in decision making.

• Dashboard : Controller manager has to construct tables containing several indicators which are important in decision making.