FreeBalance® Accountability Suite
FreeBalance Revenue
The FreeBalance Revenue module manages revenue collection, including accounts receivable (AR) billing and collection of cash receipts and government sales. It has a powerful billing system for tracking amounts owed to the government in real-time.
FreeBalance Revenue Highlights
- Billing System - simplifies billing processes and improves overall efficiency by creating and maintaining accurate and detailed invoices and reports.
- Cash Collection System - records and tracks all cash sales, sales vouchers, debit notes, credit notes and cash receipts transactions, and provides automatic management of aging, overdue and delinquent accounts.
- Integration with Taxation and Customs - FreeBalance Revenue integrates with third party electronic government taxation and customs management systems such as ASYCUDA, which is distributed by the United Nations.
The FreeBalance Revenue module can be added and integrated with FreeBalance Financials during any stage of the Integrated Financial Management Information System (IFMIS) implementation process.
Supported Standards
- World Bank Treasury Reference Model (TRM)
- IMF Code of Good Practices on Fiscal Transparency
- United Nations Common Functions of Government (COFOG)
- IMF Government Finance Statistics (GFS)
- International Federation of Accountants International Public Sector Accounting Standards Board International Public Sector Accounting Standards (IPSASs)
- Medium Term Expenditure Frameworks (MTEF)
- Generally Accepted Accounting Principles (GAAP)
|
