The Financial Accounting module is a fully standalone software solution, and it reaches its full efficiency when integrated with other modules of the 4D WAND business information system. It can also be defined as an accounting program. Financial Accounting covers the tracking of accounting transactions defined by the company’s chart of accounts. You can use a predefined chart of accounts (RRiF, TEB or RiF), and you may update it or create your own. Accounting can be managed for an arbitrary number of companies, each with any number of cost centers and document types. Balance sheets and account balances are constantly updated and available at any time while working in the program. Posting entries (“journal vouchers”) are managed by serial number and by type. The Financial Accounting module provides:

• Journal of postings
• General Ledger
• Customer and Supplier sub-ledgers
• Automatic VAT calculation – printing VAT and VAT-K forms, VAT-S form, ZP form, and export of these forms to the e-Tax application
• URA and IRA ledgers
• Tax records for acquisition of goods, services, imports, etc.
• Financial analyses and planning (custom reporting)
• Profit and Loss Statement printout
• Balance Sheet printout
• PD form
• Annual statistical report (GFI-POD)
• TI-POD statistical report
• TZ, SR, OKFŠ forms
• Forms for non-profit organizations (PR-RAS-NPF, S-PR-RAS-NPF)
• Cash receipts and disbursements ledger
• Cost centers – operating by cost center and printing reports by cost center
• Automatic bank statement posting
• Calculation of FX differences on foreign currency customer and supplier accounts
• Automatic closing of income and expense accounts
• Automatic closing of minor differences for partner accounts
• Automatic transfer of initial financial balances
• Automatic postings based on predefined posting schemes
• Ability to create an unlimited number of journal vouchers

Automatic postings

The program has advanced automatic posting options which allow the user to freely create posting templates for every individual document type (invoices, reversals, delivery notes, goods received notes, commissions, etc.). Thus, all document postings are performed automatically according to predefined posting schemes.

Important note: With its 4D Wand software solution, 4D does not sell consulting regarding business processes, nor consulting of any other kind. This means that templates for automatic posting must be created by you or the accounting service that keeps your company’s books.

Sub-ledgers (Salda-konti)

There are numerous actions for simple and high-quality tracking of sub-ledger analytical records. It is possible to retrospectively link journal voucher items with items from the inventory module. The actions enabled by the software solution include:

• automatic and manual matching of open items
• viewing open items
• batch printing of open items, closed items and reminders (overdue items)
• proposal for open item compensation
• partner records directly from the address book, which serves the entire 4D WAND system
• printing of “lazy payer” reminders
• batch printing of “lazy payer” reminders
• partner ledger card by period
• partner balance on a given date
• account balance on a given date
• all postings by partner, and many more
• printing of open items by period
• printing of due dates by period

Reports

It is possible to create more than a hundred different report combinations based on conditions you define yourself (period, currency, account, cost center, etc.). All reports from the application are printed in a format that can be directly opened in MS Word for Windows, allowing you to adjust and modify each list according to your needs, load it into MS Excel, archive it, or send it by email…

It is also possible to print payment slips and bank transfer orders, as well as practically everything done by a specialized payment slip management program.

Master Data

Chart of accounts, customer/vendor register, document types, templates for automatic posting, cost centers, exchange rate list…

Financial Analyses and Planning (FAP)

Financial Analyses and Planning, as part of the Financial Accounting module, is designed so that based on accounting data recorded within the company, it enables free creation of reports and business plans, with the aim of gaining a comprehensive view of operations and making accurate and timely management decisions. Naturally, this assumes that the necessary data has been created in other 4D Wand modules.

The core principle of such reporting is that it is not necessary to assign a report position directly to an account – instead, account values can be freely assigned to an unlimited number of reports according to selected keys. The values taken from accounts can be chosen from: opening balance, debit turnover only, credit turnover only, turnover with or without opening balance, by cost center, partner group, region, salesperson, etc., which practically allows mixing “apples and oranges” where desired. With a well-prepared chart of accounts, it is easier to design reports based on posted transactions.

A particular emphasis is placed on the ability to create financial statistical reports which can be exported into prepared FINA MS Excel templates. After export, these can be electronically submitted to FINA. 4D has prepared a number of reports in advance for unrestricted use in your business (GFI-POD, PD, TI-POD, PR-RAS-NPF, TZ, ...).