Multi-Branch Accounting
Manage Multi-Branch Accounting with WrkPlan
WrkPlan extends real-time assistance for independently maintaining Multi-Branch Accounting. The system manages inventory, value traded, closing stock, and outstanding payment position for a specific period, and determines the unit’s profit position. This Branch Account is integrated quarterly or annually into the Main Account of the Head Office for use in the overall accounting process.
Branch Accounting is now Easier and Faster
Each Branch’s dedicated ledger is kept at the Central Point (Head Office). Both the branch and the head office can access the Ledger as soon as the information has been entered or any other manipulation is made.
Advantages of using WrkPlan’s Multi Branch Accounting System.
Keep track of all the in-branch operations from one unified control system.
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Branch Accounting Treatment That Is Distinct And Combined
It may be necessary to combine several branches into one branch for administrative and financial reasons. In this case, other branch accounts are merged with the transferee Branch, and consolidated Accounts/Reports are generated as a single entity.
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Fund Transfer Between Branches
With prior approval from the head office, this system allows for the transfer of funds and materials from one branch to another. Appropriate accounting procedures are followed by both the transferor and recipient branches.
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Segregated Final Reports
By branch With the preparation of the budget for the following planning period, final reports about each Branch’s working position, including total sales, credit position, territory- and product-specific sales and profit contribution, periodic/annual profit & loss, are generated with the utmost precision.
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Branch-Specific Stock Management, Sales, And Purchases
Our cloud-based ERP system has a reliable built-in system for managing sales, purchases, and particularly stock management. In order to minimize or completely eliminate lost sales, stock management is maintained for total maintenance, re-order point signaling, and purchase action initiation.
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Gst And Other Statutory Payments Report For Each Branch
There are provisions for Branches to accurately calculate GST and other statutory compliances, pay on time, submit returns, and handle assessments and other matters.
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Quick Approval Of Branch Reports
The branch head can view all of the expense reports from each of the branch’s verticals on a single integrated dashboard via web or mobile, and can even accept or reject them with a single click if something goes wrong.
