Does novaERPS Support Accounting?
Yes — accounting isn't a bolt-on in novaERPS; financial management is a core module built to IFRS standards.
What does financial management cover in novaERPS?
- Integrated chart of accounts: customizable to the company's activity.
- Automated daily journals: entries generated automatically from sales, purchasing, and payroll — not only manual entry.
- General and subsidiary ledgers: detail down to each account, customer, and vendor.
- IFRS-aligned financial statements: statement of financial position, income statement, and cash flow statement.
- Monthly and yearly close: a structured close cycle at the end of each financial period.
Who is this module for?
It fits any company that needs accurate, reliable financial statements — from a single company to multi-branch groups, especially those that need IFRS-compliant reporting.
How does accounting connect to the rest of novaERPS?
Every transaction in the system — a sales invoice, a purchase order, a payroll run — automatically creates an accounting entry in the same ledger. That means financial statements actually reflect what's happening in inventory, sales, purchasing, and HR in real time, without manual posting between separate systems. Zakat and VAT are managed from the same ledger too.
Related questions
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