Accounting System: Agenda Where are we now? – Inform vendors of status/formal reply – Cost considerations – Option to build branch accounting in MIFOS New working schedule Gigi needs accounting report formats, copy of sign-offs

KMBI Branch Accounting Cashiering JV Entry for non-MIFOS transactionsBankingCash FlowBudgetingAccounting ReportsChart of AccountsAccounting Periods

Collections Track collections with OR information Facility to accept non- MIFOS payments Print OR (future) Disbursements Prepare CV and check Link CV to MIFOS disbursements Prepare post-dated checks Cancel CV/checks Print CV Print Check (future) Cashiering

Receivables (usually advances) Set up receivable Call up the receivable in the cashiering function when payment is made Aging Receivables (non MIFOS transactions)

Data entry Automatic JV numbering Recurring entries Reversing entries Automatic or batch posting On-line approval before posting Print JV JV Entry (non-MIFOS transactions)

Depository bank master file and ledger Automatic posting of all banking transactions from MIFOS/Cashiering/JV entries into the bank ledger Tagging of cleared items upon receipt of statement Banking

Generate weekly cash flow Cash Flow

Create a budget Generate a new budget based on actual expenses but should be able to change the amounts, if needed See Budget vs. Actual Budgeting

Trial Balance P&L Balance Sheet Bank Recon Statement Others (DBA, Peso, MI, etc.) Journals: Cash Receipts Cash Disbursements General Journal Weekly cash flow Budget vs. Actual Interface to HO Accounting System Accounting Reports

User definable chart of accounts Define accounts by type Combined branch and MIFOS accounts Support for active/inactive accounts Chart of Accounts

User definable accounting periods Close period permanently to stop posting to that period Accounting Periods

General, High-level Flow Mifos Branch Daily Trial Balance Interface File HO Accounting System