Financial Statements

You can create the financial statements (balance sheet and profit and loss statement) periodically with the Financial Statement program in accordance with the enterprise accounting rules and print them out in the structured format prescribed by the Chinese law.

For more information, see Financial Statements.

Cash Flow Statement

You can create the cash flow statement with the Cash Flow Statement program as required by the general accepted accounting principle and print them out in the format prescribed by law.

The program automatically determines the offsetting accounts for simple accounting documents that have only one credit or debit line item.

For complex accounting documents, you can activate the enhanced offsetting account determination. You can also determine the offsetting accounts manually with the Manual Offsetting Account Determination program.

For more information, see Cash Flow Statements.

Official Document Numbering

The system can generate an official document number to accounting documents when posting.

For more information, see Official Document Numbering.

Time Dependent Text for G/L Account

You can now make the short text as well as the long text of G/L accounts time-dependent.

For more information, see Chart of Accounts.

G/L Account Balances

You can print account balances with specific information on balances in the format as prescribed by law.

For more information, see G/L Account Balances.

G/L Account Vouchers

The system allows you to use the appropriate format to present a G/L account voucher as prescribed by law. You can set up the system so that the system fills the G/L account information in one of the supported formats:

For more information, see G/L Account Vouchers.

P&L Carry Forward

The system automates the carry forward of P&L statement account balances to retained earnings accounts at the end of the month.

For more information, see P&L Carry Forward.

Withholding Tax Reporting

You can use the generic withholding tax report to generate withholding tax forms and print them in the format prescribed by law in Saudi Arabia.

For more information, see Withholding Tax Reporting.

Bill of Exchange / Postdated Checks

You can enter incoming bills of exchange and postdated checks. You organize your bills and checks in portfolios. The system records the transactions and automates the creation of accounting documents.

For more information, see Postdated Checks.

Zakat Levy Declaration

You can prepare and create Zakat levy declarations at the end of a fiscal year. The system allows you to calculate the Zakat levy amount according to your income.

For more information, see Zakat Levy Declaration..