WrkPlan extends real time supports for maintaining Multi Branch Accounting on a stand-alone basis. The System takes care of Inventory, value traded, closing stock, outstanding payment position for a particular time period and ascertain Profit position of the Unit. Quarterly/Annually this Branch Account is integrated to the Main Account of the Head Office for overall Accounting process.
Dedicated Ledger is maintained at the Central Point (Head Office) for each Branch. As soon as any data is entered or any other manipulation is done into the Ledger this is accessible to both Branch and Head Office.
Branch office operates with the Ledger data and with constant check & balance work on order execution, invoice raising and collection of fund within the stipulated time. Approval sought from the Head Office for any extraordinary items such as credit limit extension, time line for payment or any other matters.
For Administrative and economic reasons it might be a necessity to amalgamate several branches to one branch and in that event other branch accounts are merged with the transferee Branch and consolidated Accounts/Reports are generated as a single unit.
This system provides provisions for transfer of money, materials from Branch to Branch, with prior approval from the Head Office, and suitable accounting provisions are done by both transferor & transferee branches.
Branch wise Final reports about each Branch’s working position i.e , total sales, credit position, territory wise and product wise sales and profit contribution, periodic/annual profit & Loss are generated with utmost precision with next planning period budget preparation.
A sound in-built system is there in our Cloud ERP system for management of sales, purchase and especially stock management. Stock management is maintained for total maintenance, re-order point signalling, initiation of purchase action so that lost sales are minimal or completely eliminated.
There are provisions for Branches to compute GST and other statutory compliances and in time payment, Return submission and attend to Assessment and other matter with utmost precision.
The branch head can view all the expense reports of the different verticals in a branch at one integrated dashboard by web or mobile, and can even accept or reject it in a click if there happens to be any malfunctioning.