Financial Accounting (FI) 

Purpose

The Financial Accounting (FI) component covers the most important laws and business practices specific to Singapore. The following documentation describes these aspects of the component.

Features

FI contains one or two features to allow clerks to carry out day-to-day activities more easily, such as entering invoices net of tax. It also offers a localized version of the Vendor Payment History report and the VAT report, which accountants can use to generate goods and services tax returns.

A number of additional features are provided in Asset Accounting (FI-AA), so that you can calculate capital allowance (tax depreciation).