Financial Management & Accounting
Finance & Accounting Managed Seamlessly in Real-Time – Built for ZATCA, IFRS & SAMA Requirements – Integrated in a Single Platform
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Financial Management & Accounting
Why Choose Our Financial Management & Accounting ERP Software?
- Automated generation of VAT on purchases and sales, along with preparing accurate tax reports.
- ZATCA-compliant e-invoicing, where it is generated by Phase 1 & Phase 2, ready for seamless integration to Saudi Arabia’s e-invoicing regulations.
- Provides audit trails, standard reporting, and secure financial hold following Saudi Arabia’s financial regulations like ZATCA-compliance, IFRS-compliance & SAMA regulations.
- Real-time financial report generating with live profit & loss statements, cash flow reports, and balance sheets with a management dashboard.
Key Features of Our Financial Management & Accounting ERP Software
NetcoreERP Financial Management & Accounting provides finance teams across the Kingdom a fully integrated, cloud-based general ledger featuring real-time transaction saving, automated VAT calculation, multi-currency support, bank reconciliation, accounts payable and receivable, and finance reporting with seamless integration with other NetcoreERP modules. The journal entries are recorded in real-time, ensuring accurate financial records, up-to-date books, and complete visibility on your purchase, sales, transactions, debits, credits, and payments.
Automated VAT Generation
NetcoreERP system automates VAT generation across invoices, expenses, purchases, and adjustments. This creates VAT summaries and formulates a complete audit trail, simplifying tax reporting and ensuring compliance with Saudi Arabia’s tax regulations.
Accounts Payable & Receivable
The system introduces automated invoice tracking, payment reminders, credit notes, payment reconciliation, and aging analysis. NetcoreERP aligns with the top in picturing what you are due and what you owe, providing your finance team with a clear aging report instantly.
ZATCA E-Invoicing Integration
All the invoices are automatically submitted to the ZATCA Fatoorah portal by the system. This results in Phase 1 & Phase to certified invoices ready for issue in real-time. The system rejection is automatically highlighted with clear instructions on how to make the proper corrections. This ensures that the invoices are completely ZATCA-Compliant without manual intervention.
General Ledger & Chart of Accounts
A fully automated entry of data in a multi-level chart of accounts customized to match the structure of your business, which complies with IFRS and GAAP regulations in Saudi Arabia. All the business transactions from sales, purchasing, payroll, inventory, and banking are posted automatically into the appropriate accounts without manual journal entries and a month-end catch-up task.
Bank Reconciliation
Our System connects your bank accounts directly to our NetcoreERP to integrate bank accounts for automated transactions. This helps in closing the books more efficiently with less time consumption to identify the mismatched entries or duplicate transactions without much manual work. With real-time visibility into the banking activities, your finance teams can accelerate month-end closing and improve cash flow management.
Multi-Currency Accounting
NetcoreERP manages your domestic and international financial transactions across several currencies by generating exchange rate management and real-time currency conversion. Our system provides consolidated financial statements for the operations and maintains accurate reporting in Saudi Riyals (SAR). This enables the finance teams of businesses in the Kingdom to easily manage cross-border transactions, ensuring accurate financial records.
Who Uses NetcoreERP Financial Management & Accounting ERP?
NetcoreERP is a solution for businesses across Saudi Arabia & the GCC. Our Financial Management Accounting ERP helps organizations operating under applicable Saudi regulatory frameworks seek better visibility of finance, regulatory compliance, and operational efficiency. The system helps diverse industries, such as businesses, from growing SMEs to multi-branch enterprises, to integrate their finance and accounting management.
Trading and Distribution CompaniesAcross the Kingdom
Dealing with high financial purchasing, sales, VAT, and inventory accounting.
CFOs and Finance DirectorsRiyadh, Jeddah, and Dammam
Require complete unified financial group reporting.
Retail and E-Commerce BusinessesSaudi Arabia
Wanted to synchronize their entire online channels, physical stores, payment gateways, and financial transactions.
Manufacturing CompaniesDammam
Will need production cost tracking, valuation of their inventory, progress work, and cost accounting.
Service FirmsGCC
Dealing with multi-currency transactions, project billing, expense management, and invoicing across the GCC.
SMEs and Growing EnterprisesAcross the Kingdom
Looking for a cloud-based system, integrated with ZATCA-compliant accounting solutions that can boost their business growth.
Compliance & Security
NetcoreERP Finance Management & Accounting business transactions are fully compliant with ZATCA e-invoicing (Phase 1 & Phase 2). Creates automated VAT calculations aligning with ZATCA, SAMA financial regulations in Saudi Arabia. All the transactions are recorded with automated controls, secure data management, and complete audit transparency.
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