Many NGOs need to track expenses/revenue by department or by project. Wings supports seggregation of transactions with respect to branches, divisions, projects and sub-projects. This allows report generation by branch, project, sub projects and divisions across the organization.
Advanced Budgeting
Preparing and managing budgets in Wings Accounting NGO is easy and flexible. Wings allows defining of multitudes of budgets for each account or a group of accounts for any period. The user can define monthly or quaterly budgets that helps him to accurately spot real changes and revise the budget accordingly.
It supports allocation of budgets to branches, divisions, projects and sub-projects. Wings offers variance reports that calculate and compare actuals against budgeted figures.
Standard & Ad Hoc Reports
Wings Accounting NGO supports all the standard reports required by an NGO. The list of these reports is:
Income & Expenditure Report
Receipts & Payments Report
Balance Sheet
Budget Variance Report
Bank Reconciliation
VAT Accounting
Wings takes care of accounting for VAT. With Wings, the process of defining VAT groups and VAT rates for selected customers and products is easy. It offers you the capability to automatically and accurately calculate taxes and generate valuable reports.
MIS
The powerful reporting of Wings Accounting NGO enables the top management to stay informed about the financial aspects of the company.
Wings can be used as a very efficient communication tool within the various departments of the company.
Financial Accounting
Wings maintains complete books and records required for financial accounts of a non-profit organizations. This includes the General Ledger, Cash, Bank, Sales and Purchases Books (where required), the Journal, Debit & Credit Notes Registers, etc. In addition, it offers several useful features.
Apart from the basic accounting features it also handles Excise Duty, Sales Tax, VAT, Post Dated Cheques Management and Bank Reconciliation.
Functions
