Lab Imagination ERP

Features: -

Sales(Accounts receivable)

• sales
• unlimited number of customers
• customer branches
• sales quotations (with inquiry and creating of sales orders)
• sales orders (can be printed as quotes)
• delivery to invoice
• separation of customer invoice issue and goods delivery.
• invoicing (with optional payment link)
• credit notes
• documents can have more than one row with the same stock id.
• direct deliveryy.
• direct invoice.
• batch invoicing for more than one delivery.
• template delivery and invoicing. can be marked in sales order inquiry.
• most of sales documents are editable.
• links to print documents after entry.
• links to print documents in inquiries.
• line descriptions in sales documents can be edited and printing of documents handles multiple line of descriptions.
• point of sales (POS) definitions for better handling of cash sales
• sales groups for grouping customer branches.
• recurrent invoices
• dimensions can be selected on sales delivery and invoices.
• accumulating of shipping costs and legal text on invoices
• new printed document layout
• deposits, single and batch, allocations.
• immediate allocation when paying.
• sales areas
• sales types
• sales groups
• salesmen
• salesman provisions and breakpoints for calculating provisions for salesmen. salesmen report.
• shipping companies

Purchase(Accounts payable)

• unlimited number of suppliers
• purchase orders
• goods receival notes (GRN).
• direct GRN.
• direct supplier invoice.
• option for GRN Clearing.
• supplier invoices, with received items and GL items
• supplier price lists.
• conversion factor in purchasing prices
• purchasable prices with up to 6 decimals.
• various payment terms.
• supplier credit notes show only invoices for a period
• ‘credit this’ link in supplier inquiry
• immediate allocation when paying.
• attachment of scanned documents

Inventory

• unlimited number of stock and none-stock items
• item categories
• item locations
• price lists also in various currencies
• adjustments
• location transfers
• re-order levels (option: email notification when stocks available are below re-order levels).
• automatic calculation of average item material cost from po delivery and work order entry.
• automatic calculation of prices from home currency and base sales type settings.
• automatic calculation of prices from percent addition on standard costs. prices rounded to nearest xx cent.
• quantity decimals now use the item units if any.
• item kit sets for order/sales speed up
• foreign codes registration for barcode scanner entry.

Manufacturing

• bills of material
• work centre inquiries
• advanced production and simple assembling
• work order entries
• printing/emailing of work orders

Dimensions

• use up to 2 levels
• dimensions can be used as
  • projects
  • cost centres
  • departments
  • inventories (the general ledger can be selected over several years)
  • or whatever you define them to be
• dimension view shows account balance
• dimension due date and costs follow-up.

Bank

• several bank accounts
• detailed payments and deposits
• currencies
• currency rates by date (historical)
• bank inquiries and reports.
• bank accounts reconciliation

General Ledger

• unlimited number of accounts
• account classes
• account groups
• manual journal entry with dimensions entry
• budget entry even on dimensions.
• the account list follows the keying of accounts.
• detailed inquiries with drill downs and reports.
• journaleEnquiry with edition/view of journal entries
• quick entries (preset GL transactions) in bank deposit/payment, journal entry and supplier invoice/credit. Also balance based with period percent for depreciations and so
• closing a fiscal year also closes the balances and brings forward retained earnings
• deleting a fiscal year removes all transactions and convert into relevant open  balances

Reports

• a considerable amount of reports can easily be printed out into PDF.
• you can also select the destination Excel (XLS).
• most general ledger reports can be filtered by dimensions
• period selections can be made over seleral financial years.
• documents with forms and logos can be batch printed out and automatically emailed customers – invoices can be selected with an electronic payment link.
• customer/supplier balances with open balance
• several reports can be supplied with Business Graphics. Options are charts with Horizontal bars, Vertical bars, Dots, Lines, Pies and Donuts.
• tag selections in severalreports.
• option for saving report selections.

Access Level

• unlimited number of companies can be created, and their databases can be placed anywhere in the world.
• if you only have access to one database, a table-prefix can be used enabling you to have all your companies placed inside one database.
• unlimited number of financial (fiscal) years. Financial years can be closed against entries.
• multi-user access with different priviliges. Renewed in 2.2.
• voiding of transactions
• reprinting of transactions
• backup and restore of companies.
• more than one GST (VAT) levels.
• a date picker alongside all date fields including weeknumbers.
• a simple audit trail (stamping GL transactions with username)
• module addons for creating export/import to/from FrontAccounting.
• extension addons for creating own menu tabs and applications.

Advanced GST(VAT) Handling

• several GST (VAT) definitions with GST (VAT) groups
• definition of GST (VAT) included
• GST (VAT) can be selected on a per customer, supplier or item level
• advamced GST (VAT) inquiry and report showing details and outputs/inputs.

Multiple Currency Supports

• historical currency rates
• multi-currency bank accounts, customers and suppliers.