Being developed around several modules the TurnQuest FMS provides comprehensive enterprise accounting functionality. These modules include:
General Ledger
The built-in flexibility meets both the current and future financial needs of organizations of all types and sizes. It provides a robust feature set designed to meet even the most demanding budgeting and processing needs. You can customize the General Ledger by using the many tools inherent in the system, including a built-in financial report writer that provides you with a timely picture of your company's fiscal activities. General Ledger fully integrates with all the other TurnQuest series modules and is the key to maximizing the efficiency and accuracy of your financial data. This module simultaneously maintains all financial data like actual budget, summary, and foreign currency in a single balanced ledger.
Cashbook
The TurnQuest FMS provides simple and flexible cash book functionality designed to manage your financial liquidity. The cashbook module is fully integrated with the other TurnQuest systems, such that there is a central point of printing cheques. It handles cash management and bank reconciliation for the organization. Your cash position, cash movements and key financial indicators are easily and securely accessed with the cashbook module. Standard entry screens for all transactions, bank reconciliation and cash processes, together with seamless integration throughout the TurnQuest FMS, make data-entry easier and save time on cash related processes.
Suppliers
TurnQuest FMS suppliers' module (accounts payable) was designed to efficiently handle large transaction volumes and provides tools that enhance the productivity of the accounts payable function. The supplier module gives users full support for supplier information and payment flows. It helps manage your expenditures by recording transactions and obligations to your suppliers.
The TurnQuest FMS suppliers' module streamlines routine accounts payable transactions such as invoice processing, transaction vouchers and receipting.
Customers
Superior service and efficient accounting and billing are vital to a firm's success.
Equally important is the firm's ability to collect payments from clients for services rendered. To effectively manage the collection process, firms need a powerful tool that is flexible enough to accommodate their unique culture. TurnQuest FMS customers' module provides unprecedented flexibility in automating the process of tracking and collecting receivables and provides management with the current status of these efforts. The TurnQuest FMS customers' module is the most effective tool for monitoring the company's cash flow. It not only allows for effective collection of outstanding debts but also allows for easy planning in the company's other departments. The TurnQuest FMS customers' module takes care of accounts receivables activities such as invoicing, tax calculations, receipting collection and revenue recognition.
In addition to the feature rich financials solution, there are supplementary systems that integrate into TurnQuest FMS that complement its robust functionality. These systems include:
TurnQuest Inventory System
The Inventory function entails the monitoring of current goods in stores and providing updated information on item usage, current levels and when to make an order.
TurnQuest Fixed Assets System
The fixed assets module provides functionality that assists in fulfilling the stewardship responsibilities for the company's assets.
TurnQuest Investments & Properties System
The Investments System enables the automation of company's investment processes. This ensures effective and reliable processing of investment data.
The system handles investment income generated from: -
· Car Loans: - Interest earned on loans given to employees
· Mortgages: - Interest earned on mortgages
· Securities: - Interest on such securities in the money market
· Treasury Bills & Bonds: - The system tracks information on bills and bonds from issuance to maturity.
· Quoted / Unquoted Shares
· Deposits with Financial Institutions
· Inter-Company borrowings
The TurnQuest FMS has unique features that distinguish it as a world class system.
These are:
The system is divided into modules as per the requirements of the company. Each module is designed to perform an act from the beginning to the end, and this makes it easy to have segregation of staff duties.
The system allows the user to transact with multiple organizations all under the same company, and produce a consolidated report.
The system is able to accept various currencies used by the company and convert them to the home currency, to identify a profit or loss on exchange. It is also able to print reports in multi currencies.
The system is able to have multiple branches per organization
TurnQuest FMS is able to keep a trail of what was done, when it was done and who did it, thus making it easier to make adjustments and corrections.
Once the budget has been captured, a trail is maintained for comparison with actuals and the variance is easily highlighted.
Reports can be obtained at each level of the modular structure
- Hierarchical Chart of Accounts:
This unique feature of the TurnQuest FMS allows the user to have a chart of accounts that is able to sub divide an account into smaller sub accounts to suit the users needs.