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Benefits

Financials Features

General Ledger
General Ledger

The General Ledger consolidates journal vouchers from source entry in BASSnet Financials’ sub-modules. It is the main repository of financial data at account code level to serve statutory reporting needs. Based on customer preference, the system allows data accumulation up to user definable dimensions to fulfil management reporting needs. You can utilise multi-dimensional data to build reports with practical content and gain valuable insight and analysis of the business.

Accounts Payable
Accounts Payable

BASSnet’s Accounts Payable sub-module caters for the expenditure cycle which includes recording purchase invoices and carrying out settlement of invoice either by payment, offset or contra processing. The module handles automatic calculation and recognition of realised forex gain/loss upon invoice settlement, and allows the user to perform balance revaluation for foreign denominated supplier balances with auto calculation on unrealised forex gain/loss.

Accounts Receivable
Accounts Receivable

The Accounts Receivable sub-module enables you to control and manage the revenue cycle from sales invoice creation to sales invoice settlement. The module provides real-time customer aging and balance report to ease tracking on customer collection status. Customer invoices and statements of account are also available for printing and distribution to customers.

Fixed Assets
Fixed Assets

With BASSnet’s Fixed Asset sub-module, you can maintain the fixed asset register and automatically generate asset depreciation based on the setup depreciation method and asset useful life. The sub-module also caters for recording of movement entry in fixed assets such as disposal, transfer/split and revaluation.

Financial Reporting
Financial Reporting

BASSnet Financials’ Reporting sub-module is a report platform for users to set up reports with Microsoft Excel report templates. Users can upload pre-defined report templates in MS Excel and use the row and column structure setup in the system to map and populate the required account balance into the Excel templates.

e-Banking
e-Banking

The e-Banking File Generator enables users to generate payment transactions in a pre-defined e-banking file format as per the e-banking configuration that’s been set up. The e-Banking Import Adapter is also available, allowing import of the bank payment confirmation details into BASSnet Financials in order for the system to complete the e-Banking payment confirmation automatically.

Various Integration Adapters
Various Integration Adapters

Ready-made integration adapters are available to extract data from third party systems and import the data into BASSnet Financials. The Financials Invoice Adapter allows users to import sales invoice information for sales entry creation. The JV Import Adapter enables users to import Journal Voucher information for Journal Voucher Entry creation. Using the E-Banking Import Adapter, users can import Bank Payment Details to complete Payment Confirmation. Also, the Register Adapter allows users to import register data and exchange rates into the BASSnet Database.

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