Process General Accounting in SAP ERP Solutions For Apparel and Footwear

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General Accounting process: Collect reports,Receive and check financial accounting reports to discover data variance and quickly adjust this mistake,3. Prepare the Trial Balance,Prepare the Statistical reports

1. Collect reports

• Collect sale revenue data, quantity of manufacturing goods receipt from the Knitting & Dyeing factories and the Sewing Factories.
• Collect sale revenue data and quantity of manufacturing yarn receipt from Spinning Division
• Collect sale revenue data and quantity of chemical and dyestuff receipt
• Collect sale revenue data and quantity of manufacturing cotton/fibre/yarn receipt
• Collect sale revenue data and quantity of manufacturing rough fabric receipt.
• Collect imported and export goods data from Export Division, Sales Division and Branch
• Collect fuel and energy statistic report.

General accounting in SAP ERP Solutions For Apparel and Footwear

2. Receive and check financial accounting reports to discover data variance and quickly adjust this mistake.

• Check the original documents against doubtful posted entries
• Check the accounting posting by collecting information from each division
• Collect and reconcile accounting figures to Tax Accountant
• Collect and reconcile accounting figures to Cash Accountant
• Collect and reconcile accountant figures to Bank Accountant
• Collect and reconcile accounting figures to Sales and Receivables Accountant
• Collect and reconcile accounting figures to Payables Accountant
• Collect and reconcile accounting figures to Advance Accountant
• Collect and reconcile accounting figures to Raw Material, Work in Process, Finished Goods Inventory Accountants
• Collect and reconcile accounting figures to the Spinning Division and Branch Accountant
• Collect and reconcile accounting figures to the Costing Accountant, Collect figures from Costing Accountant

3. Prepare the Trial Balance
4. Prepare the Statistical reports

• Prepare financial reports including: balance sheet, profit and loss statement, cash flow statement, report on liabilities to the State, notes to the financial report
• Prepare the corporate income tax (CIT) declaration and CIT finalization
• Prepare the personal income tax (PIT) declaration and PIT finalization
• Report on total production output
• Report on export and import activities
• Report on sale revenue
• Report on industrial production value
• Report on achievement of the target plan
• Payroll allocation is calculated according to sale revenue of Yarn /Knitting/Dyeing/Sewing/Outsource/Export Division

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