The accounting module in iCore ERP gives you a complete system for managing financial operations accurately and simply, from the chart of accounts and journal entries to reports and financial statements. It links automatically to the rest of the system, so the accounting impact is created at the source of each transaction without re-entering data.
Build a flexible, multi-level chart of accounts that fits your business, as the foundation for your entries, reports and financial statements.
Record manual journal entries when you need them and let automatic entries come from the transactions themselves, with tools to post, reverse and review entries.
Accounting links automatically to your operations, so the accounting impact is created at the source of each transaction with no need to re-enter data.
Issue receipt and payment vouchers inside the system, so collections and payments are recorded on their accounts within the same accounting cycle.
Allocate financial transactions to cost centres, branches and projects, so you know where money is spent and where revenue comes from.
Prepare planning budgets for the whole company, alongside a budget for each project and budget control in purchasing.
Enter opening balances to start from the right figures, and match bank movements against your books with bank reconciliation.
Move between years and periods in an orderly, secure way: create fiscal years, set the active year, open and close posting periods and control which transaction types each period allows.
Check that the accounts are ready before closing a period or a year, and catch what needs fixing before it affects the results.
An orderly financial close: iCore closes revenue and expense accounts, posts the result to retained earnings and creates the closing and opening entries in one connected flow.
Carry balances forward into the new year and manage its opening balances, while keeping separate reports for every fiscal year.
Statements ready for review that show your full financial picture, from the trial balance and general ledger to the year-end financial statements.
Produce customer and supplier statements and financial and tax reports, and export reports and statements to PDF and Excel to share them.
Yes. The iCore accounting module covers the chart of accounts, journal entries, receipt and payment vouchers, cost centres, bank reconciliation, fiscal years, closing accounts, and financial reports and statements.
Yes. Accounting links automatically to sales, purchasing, inventory, assets, expenses, projects and manufacturing, so the accounting impact is created at the source without re-entering data.
Yes. iCore provides a flexible, multi-level chart of accounts that you build to fit your business.
Yes. Beyond financial accounting (entries, vouchers and closing accounts), iCore is integrated financial management software: fiscal years and posting periods, cost centres, branches and projects, bank reconciliation, and the trial balance and financial statements.
You first review readiness by checking unposted entries, verifying the accounts balance and previewing the closing results. Revenue and expenses are then closed, the result is posted to retained earnings, closing and opening entries are created and balances move to the new year. The year can be reopened by permission.
Yes. Reports and financial statements, including the trial balance, income statement and balance sheet, can be exported to PDF and Excel.
Tell us about your company and we will walk you through iCore with your own data and processes.