Integrated Finance Management Solutions
Connect Operations, Simplify
Accounting, Drive Growth
Integrated Finance Management Solutions
Connect Operations, Simplify Accounting, Drive Growth
Comprehensive Financial Control System
Manage Locations, Currencies, Business Operations
Multi-Level Account
Organize Finances, Classify Transactions Efficiently
Having the right chart of accounts makes a huge difference for your organization. It helps you classify your transactions correctly and generate meaningful reports to help you run your business more efficiently. Cquens Financial Management Software assigns your organization a default chart of accounts when you start on Cquens.
We can even import a chart from your previous accounting system, or generate your own custom chart. The Chart of Accounts includes all the accounts you need to track for your small business: assets, liabilities, equities, income and expenses.
Post/Unpost Journal
Edit, Post or Unpost Journals Easily
Using Cquens accounting software post/Unpost allows users to edit the journals before it affects the finances.
This allows the accounts managers to make decisions on what expenses are to be paid and when.
Tax (VAT)
Track, Calculate and File VAT
Our VAT accounting Software automatically generates VAT return in one click and keeps track of how much tax is received or owed. With full support for Tax calculation, now you only have to apply the tax rate in the tax settings and Cquens will calculate the tax breakdown.
Cquens Tax process is optimized to be in compliance with Saudi laws.
Cost Center
Allocate, Monitor and Control Project Expenses
The cost center in Cquens Financial Management software refers to an organizational unit to which costs or expenses can be allocated during transactions. For example, you can use the cost center to see the effectiveness of each project.
Keeping track on a cost center allows you to manage expense and income efficiently.
Pre Payments
Record Advance Expenses With Accurate Reporting
Prepayments are amounts paid in advance for goods and services and comprise both critical Expense and Asset components that require careful financial management. As such, it is extremely important to know when and how to accurately reflect prepayments in the Profit & Loss statement for proper financial reporting and compliance.
Businesses prepay their expenses frequently across various operational areas all the time. Most of the common examples include prepaid insurance policies, prepaid rent agreements, prepaid advertising campaigns, prepaid royalties, office supplies and many other advance payments. Cquens financial management system helps you track and manage these prepayments effectively, ensuring proper allocation and recognition in your financial statements over the appropriate periods.
Bank Reconciliation
Match Transactions, Detect Errors, Prevent Fraud
With Cquens Financial Management software, bank Reconciliation matches the balances in a company’s accounting records with the corresponding bank statement. Its purpose is to detect any and all discrepancies between the company’s accounting records and that of the bank’s other than those due to in the time they were recorded.
It’s extremely important to perform regular bank reconciliation to ensure that the recorded cash is correct, to avoid overdraft fees, to keep a check on bounced, stolen, or altered checks and any other fraudulent activities. With regular reconciliation, any unforeseen problem or error could be detected and resolved in time.
A/R & A/P Aging
Track Aging, Improve Cash Flow
In accounting the term aging is often associated with how much money is coming into your business and what is owed. In order for the company to minimize its cash flow problems and potential losses from customers who are unable to pay, Cquens accounting software routinely prepares an aging of accounts receivable which allows managers to quickly see which customers are behind in meeting the terms agreed upon.
A/P payable or supplier aging is particularly useful if your cash flow is tight and you cannot pay your invoices on time. You can refer to it and decide who should get paid now and which payments can be delayed.
Recurring Payables & Receivables
Save Time, Avoid Manual Entries
If you have expenses and receipts with regular billing such as monthly charges, amortization, pre-paid expenses, rent payments etc. you don’t have to enter the same information every time. Simply create one expense and receipt voucher with a recurring option and specify how often it should recur. Cquens Finance Management system helps you to generate all of your company’s recurring expenses and receipts with just one click.
It is well worth the initial setup time to save you hours of precious time and avoid a endless repetitive work in the future.
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Have questions or need assistance? Our team is ready to provide support and guide you every step of the way.