Cielo ERP

Financial Management System

a comprehensive fully integrated accounting system

Cieloib Financials Management System is a comprehensive fully integrated accounting system that lies at the heart of Cieloib ERP and comprises of four sub-systems: General Ledger, Accounts Receivable, Accounts Payable and Fixed Assets. Cieloib Financials may be used as standalone, or as an integral part of a total business solution.


Salient Features 

General Ledger

  • User-defined Chart of Accounts
  • Multi-currency
  • Budgets - comprehensive suite of routines
  • Cash & bank reconciliation
  • Foreign currency revaluation
  • Multiple financial years
  • Multiple user-defined Report Groups
  • Multiple user-defined Department Groups
  • Multiple user-defined Location Groups
  • User-defined Financial Statements Design
  • Enquiry routines
  • List views with filtering and export (to excel) options
  • Comprehensive reports & illustrations

Accounts Receivable

  • User-defined Customer Groups
  • Customer addresses, contact details, credit details & turnover
  • Multi-currency transactions
  • Open item ledger
  • On-line ageing of balances
  • Allocation of receipts
  • List views with filtering and export (to excel) options
  • Messaging (Email, SMS, MMS)

Accounts Payable

  • User-defined Supplier Groups
  • Supplier addresses, contact details, credit details & turnover
  • Multi-currency transactions
  • Open item ledger
  • On-line ageing of balances
  • Payments schedules
  • Cheques (Saudi Banks formats), Bank Transfers & Remittance Advices
  • Allocation of payments
  • List views with filtering and export (to excel) options
  • Comprehensive reports & full credit analysis
  • Messaging (Email, SMS, MMS)

Fixed Assets

  • User-defined Fixed Asset Groups
  • User-defined depreciation methods for each Asset Group
  • Automatic creation of Fixed Asset record from source document
  • Fixed Asset revenue & expense
  • Depreciation journals
  • Transfer journals
  • Scrapping journals
  • Sales of Fixed Assets
  • List views with filtering and export (to excel) options
  • Comprehensive reports

Transaction

  • User-defined Transaction Types with individual access rights
  • Multiple transaction processing centres with independent transaction numbering sequence
  • Transaction analysis by:
    • Account Code & Sub-account
    • Department & Sub-department
    • Location
    • Factory, Store, Workshop, Cost Centre, Project (or contract),Customer, Supplier, Fixed Asset & Employee (where applicable)
  • Option to record Transaction Currency, Account Currency & Local Currency amounts on each transaction
  • User-defined transaction approval process for each Transaction Type
  • Periodical Entries
  • Automatic reversals of Accruals & Prepayments journals
  • User-defined list of Services with corresponding account codes and prices for Service Invoicing
  • On-line and Batch Posting
  • Audit trail of transactions logged with User Id & Input Date
  • Enquiry
  • List views with filtering and export (to excel) options
  • Comprehensive reports

System Screenshots 

Need a Consultation? Call Jeddah: 012 6522 391 / 360