Compiere ERP for Healthcare products assembling & distribution

The following Master Records can be created & managed in ERP Compiere

Product

• Manage Product
• Bill of Material Product listing
• Manage Product Categories
• Manage Unit of Measure
• Manage Tax Rates
• Manage Price List
• Category Level Ledger Mapping
• Manage Product License No
• Manage HSN Codes for Products & Services
• Create Services as Products & classify Product Type as Services
• Manage Product Groupings for Internal MIS Analysis

Inventory

• Manage multiple warehouse/locators
• Inventory Tracking by LOT(Specific batch of an item) & Batches
• Attribute wise product costing
• Warehouse Transfers for branches

Business Partner Group

• Manage Vendors details
• Manage Customers details
• Manage Employee Details
• Track Statutory Registration
• Manage License Number
• Manage Multiple Address
• Group Level Ledger Mapping
• Manage Business Partner both as Vendor & Customer with same ledger postings
• Manage License Number
• Manage Multiple Address
• Group Level Ledger Mapping
• Manage Business Partner both as Vendor & Customer with same ledger postings

The following Master Records can be created & managed in ERP Compiere

Organization

• Maintain Multiple Organization
• Manage Chart of Accounts
• Manage Multiple Document Types
• Manage multiple currency with exchange rates
• Manage multiple payment terms
• Manage Multiple Document Sequence Numbering for different Document Types in same Organisation
• Manage Multiple Sales Regions for internal MIS Analysis
• Manage creation of multiple users & assigning multiple roles for User Approval Matrix

Taxes & Banks

• Maintain Multiple Tax Category
• Manage Multiple Tax Rates
• Tax Rate level account postings
• Manage Multiple Bank Accounts
• Bank Level Account Postings
• Manage Check In Transfer /Check unallocated Receipts for unallocated Payments & Receipts
• Manage Bank Reconciliation through Contra Entries between Banks
• Manage Petty Cash for handling internal company day-to-day expenses

Managing Opening Data Setup

• Manage Import of Business Partners including Customers, Vendors & Employees
• Manage Import of Chart of Accounts for Organisations
• Manage Import of Product with Lot, Serial Numbers
• Manage Import of Opening Stock through Physical Inventory Process
• Manage Import of Opening Balances (Trial Balance) for various Organisations
• Manage Import of Open Invoices (Partially Paid Invoices)

Timely control of Cost & Inventory is the role played by the Purchase Department for procurement of Products

Purchase Order

• Creation of Purchase Orders – Local, Interstate, Import
• Automatic Tax Rate for products
• Print of Purchase Order
• Generating Material Receipt

Material Receipt

• Lot Based Product Receipt
• Manual Lot creation
• Automatic Unit of Measurement
• FIFO Based Costing
• Manage partial Material Receipts for a single Purchase Order
• Manage Barcode scanning & printing

Invoice Vendor

• Creation of Purchase Invoices from Material Receipt – Local, Interstate, Import
• Non-Product based Service Invoices
• Selection of Payment Terms
• Allocation of Landed costs
• Posting based on exchange rate
• Posting to correct Ledger A/c
• Manage Foreign Exchange Gain/Loss when Debit Note is allocated with an Invoice Vendor & Bank Payments
• Manage combination of GST & TDS taxes with correct ledger postings
• Manage combination of RCM & TDS taxes with correct ledger postings
• Manage GST Postings with correct ledger postings

Ensuring Damaged products are returned back to vendor, received back from customer in a time bound manner is handled by the Returns Department

Vendor Return

• FIFO based return of product
• FIFO based Costing
• Generate Debit Note
• Manage Lot Based Product Return
• Manage FIFO Based Product Return for NON-LOT Products
• Creation of Debit Notes from Vendor Return – Local, Interstate, Import

Debit Note

• Creation of Debit Notes from Vendor Return – Local, Interstate, Import
• Posting to correct Ledger A/c
• Posting based on exchange rate
• Correct Adjustment against Invoice

Customer Return

• Sales Order based Customer Return
• Direct Customer Return without Sales Order
• FIFO based return of the product
• FIFO based Costing
• Generate Credit Note
• Manage Lot Based Product Return
• Manage FIFO Based Product Return for NON-LOT Products

Credit Note

Selling of fast-moving goods to Customers to enhance profitability for the Company is taken care by Sales Department

Sales Indent

• Creation of Sales Indent/Quotations to Customers – Local/Interstate & Export
• Managing Document Level Discounts through % Percentage feature
• Generating Partial Sales Orders for Sales Quotations
• Loading Pending items as a new Sales Indent
• Assigning Warehouses & LOT for Products to be sold
• Automatic Tax Rate for Products

Sales Order

• Creation of Sales Orders – Local, Interstate, Import
• Automatic Tax Rate for products
• Print of Sales Order
• Generating Dispatch from Sales Order

Shipment

• Manage Lot Based Product Dispatch
• Manage FIFO Based Product Dispatch for NON-LOT Products
• Automatic Unit of Measurement
• FIFO Based Costing
• Print of Shipment Document
• Manage Multiple Shipments for 1 Sales Order

Invoice Customer

Accuracy in Financial Statements, correct reconciliation for Banks/Debtors/Vendors, timely payment of salaries, government taxes are handled by the Finance Department

Bank Payments & Receipts

• Bulk Payment against Business Partner
• Allocation of amount against Multiple Invoices
• Accurate Invoice wise Forex Gain/Loss
• Manage Taxes related Payments
• Bank Reconciliation Statement

GL Journals

• Provision entries for Expenses/Income
• Salary Entries for Employees
• Accurate Book Closure
• Manage Other Expenses like Travel, Annual Bonus, Leave Travel Allowance, Leave Encashment

module and name of reports

Procurement

• Purchase Register Report
• Purchase GST Report
• Accounts Payable Report
• Product Cost Factor Report
• Debit Note GST

Sales

• Sales Register Report
• Sales GST Report
• Accounts Payable Report
• Accounts Receivable Report
• Credit Note GST

Accounting Management

• Day Book Report
• Cash Journal Report
• Party Ledger Detailed Report
• Bank Reconciliation Statement
• TDS Report
• Trial Balance
• Balance Sheet
• Profit & Loss Statement
• Product Profitability Statement
• Outstanding Ageing Receivable & Payable Summary Report
• Bank Day Book

Inventory

• Product Ageing Report
• Age of Product Report
• Warehouse Transfer Report
• Stock Valuation Report
• Material Issue/Return Report

Assembling

• Bill of Material COGS(Cost Of Goods Sales)
• Bill of Material Issue Register