Functions

The various functions covered by Wings Accounting are described below, broadly.

Financial Accounting

Complete financial accounting including General Ledger, Profit & Loss, Balance Sheet, Cash & Funds Flow, Bank Reconciliation, PDCs etc.

Sales & Purchases

Complete sales and purchases, including procurement, orders, deliveries, cancellations, returns, invoicing, Discounts etc. Extensive analysis, credit management and documents management (C Forms etc).

Taxes

VAT, Sales Tax, TDS, Excise, Cenvat, Excise Invoice, Inclusive & Exclusive Taxes, Automatic & Manual tax entries, Tax Registers etc. are all supported in Wings Accounting. Reports can be generated for each tax for statutory returns and VAT returns for all states. Wings Accounting will accommodate taxes worldwide.

Receivables & Payables

Wings Accounting facilitates comprehensive debtors and creditors management, bill-wise accounting, overdue bills, interest calculations on overdue bills, user-defined ageing, reminder letters etc. You can even send SMS's to your debtors reminding them for payments.

Inventory Management

The most complete inventory management in its class. It covers infinite number of products with detailed master information, product codes and attributes.

The software also enables you to:

• Assign pictures and barcodes to products
• Manage multiple stocks and conversion factors
• Define product batches - assign manufacturing and expiry dates, and batch-wise prices
• Use multiple units of measure and conversion factors
• Manage multiple price lists etc
• Maintain inventory across multiple locations
• Manage product and branch transfers, inter-branch transfers, internal consumption etc.
• Record excesses & shortages
• Manage location wise reorders, costing, valuations etc.

 

Budgeting

Create and manage any number of budgets, for any account or group of accounts, segment-wise, for any period. You can also get a variance analysis.

Production

Account for production efficiently. Features Bills of Material, Multiple BOMs, Production Orders, Issues to and Receipts from Production, Production Variances, Variance Analysis, Standard Costing, Quality Control, Packing Material, Automatic batch creation with batch naming, etc.

Analysis and Reports

A large number of ready-to-use reports that provide deep insight about your business. Reports are fast, and can be exported to MS Excel, as PDF files and can bemailed. Reports have extensive drill down capabilities and can be manipulated to suit your requirements. Reports can also be viewed as Graphs.