Requirements
Accounts Receivable (AR)
- Customer payment tracking and overdue notifications
- Customizable aging reports to monitor outstanding receivables
Accounts Payable (AP):
- Vendor management with detailed payable tracking
- Automated expense categorization and approval workflows
- Real-time tracking of due dates and payment status
- Comprehensive payable aging reports
Management Reporting:
- Consolidated financial dashboards to monitor key performance indicators (KPIs)
- Detailed revenue and expense tracking by product type, location, or period
- Customizable report templates for financial summaries, profit/loss analysis, and cash flow
- Real-time variance analysis to track performance against budgets (assuming we will do the costing feature for tour products)
Commission Reporting:
Sales Personnel:
- Real-time tracking of commissions earned based on sales performance
- Configurable commission structures (e.g., fixed rate, tiered incentives) based on a fixed time period. For example, the condition is that collection is not done by a fixed date say X date of invoice + 45 days, the commission given will be reduced
Channels:
- Detailed reports for commissions earned by distribution Channels (e.g., agents, resellers)
- Automated tracking and payout scheduling (if possible)
Affiliates:
- Dedicated reporting for freelance and other affiliate partners
- Support for unique commission rules based on product type, geography, or volume
Mall Sales Reporting:
- Generate reports for mall-based sales, segmented by:
- Daily reporting for certain outlets/Channels
- Monthly reporting for others/Channels
GST/VAT Reporting:
- Automated generation of GST/VAT reports
- Compliance tracking for regional tax regulations
- Integration with AR/AP for seamless tax calculations and filings