ITC FINANCIAL SUITE
Modernize your company’s accounting system with ITC IFS. Designed to support basic and advanced accounting modules, IFS helps centralize financial information, simplify redundant processes, and boost employee productivity.
FEATURES
- Auto-generate reversal entries in General Journal when transaction is voided.
- Ability to view posted and non-posted Financial Reports.
- Auto-generate disposal entries in General Journal When Fixed Asset is disposed with or without proceeds.
- Built-in approval feature to ensure accounts payable and disbursements are approved before processing and posting.
- Entries validation to ensure data integrity.
- Expanded Withholding Tax (EWT) mapping to suppliers.
- Value Added Tax (VAT) code mapping per transaction.
- Income Tax code mapping in Accounts Payable (AP).
- Ability to run Fixed Asset Depreciation by demand.
- Ability to view Fixed Asset Depreciation History per Asset.
- Supports Foreign Currency.
- Ability to close transactions by demand.
- Ability to create single OR for multiple Invoice.
- Automatic Generation of Template Entries in Invoice, AP, Cash Receipt, Disbursement.
- Automatic Generation of Template Entries in Invoice, AP, Cash Receipt, Disbursement.
- Mapping of COA code to default Cost Center.