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Al Shamil Millennium Suite

Al Shamil products: 

 
 
General Ledger
Gives you the power and flexibility to mange all your financial activities over multiple companies.
 
With its graphical, tree like chart   of accounts, the General Ledger makes the accounts definition an easy process that can be performed by any user. The segmentable account code enables you to build the accounts tree in a way that mirrors the structure of your chart of accounts. The number of financial years and periods is limited only by your needs and expectations.
 
Statement of Account Report 
Journal Vouchers Listing
Journal Transactions Report
Budget Analysis Report
Trial Balance Report 
Income Statement Report
Balance Sheet Report

 
GL Capabilities
  
Integrates with all applications of Al-Shamil Millennium  
Double-entry system (Debit/Credit)
Unlimited number of accounts per company 
Segmented alphanumeric character account
Graphical tree for parent and detail accounts 
100 characters account name 
Concurrent periods processing ( across different years) 
Out-of-balance entries will not be accepted 
Open number of transactions limited only by disk space 
Multiple currency support
Updateable exchange rates
Editable description fields available on all user-defined entries 
All reports displayed on the screen, saved to a file or printed 
Warning messages to guide the user to take the right procedures
Open account balances can be maintained for multiple years
Concurrent period processing
   
Accounts Receivable
There's more to accounts receivable than getting out the invoices.
Tracking customer credit lines and past conversations means you're in control of your receivables and your customers know it. This module reflects your company's internal policies and reporting practices because you design all the operating characteristics, including, charges, discounts and aging periods. Al-Shamil Millennium's Accounts Receivable module provides a full range of functions to speed the collection of revenues. Accounts Receivable comprehensively tracks both balance forward and open item customers, and maintains a detailed credit history for each customer. The system handles all the transactions types; including invoice debit notes, and credit notes. The system also allows partial payment and adjustment.
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A/R Capabilities
   
Multi-corporate and branch structure
Automatically posts to the General Ledger module
Completely integrated with the package's modules
Maintains extensive customer profile information
Allows unlimited partial payments on open invoices
Handles recurring transactions for repeating orders
User-defined credit limit to ensure payment 
Alerts you when a vendor exceeds credit limit 
Manages payments in multiple currencies through a single interface 
Automatic allocation of expenses according to predetermined percentages
User defined alert messages 
User defined financial terms to organize discounts and charges 
User defined descriptions to assure accuracy and to save time 
Multiple currencies transactions in the light of defined exchange rates
Reports can be viewed on the screen or printed to paper or saved as files 
Drill downs and search facilities
Instantaneous retrieval of vendor data via inquiries
Automatic and user-defined adjustment of payments
Statement of Accounts
Receivables Aging
Customer Activity 
Receivables Turnovers 
Customer Credit Risks
Transactions Listings 
Journal Transactions 
Unadjusted Advances
   Accounts Payable
Accounts Payable
Al-Shamil Millennium’s Accounts Payable is a high-productivity accounting solution that helps maintain strong controls, maximize vendor discounts, prevent duplicate payments, and pay for only the goods and services ordered and received, while still maintaining the flexibility needed to ensure ease of use. It provides an optimum solution for maintaining strong vendor relations. An easily accessible vendor aging information feature facilitates accurate, timely payments, enhancing vendor account management. In addition, you can retrieve detailed transaction history by document or account.
 
 
 
A/P Capabilities
 
Multi-corporate and branch structure
Automatically posts to the General Ledger module
Completely integrated with the package's modules
Maintains extensive vendor profile information
Allows unlimited partial payments on open invoices
Handles recurring transactions for repeating orders
User-defined credit limit to ensure payment 
Alerts you when a vendor exceeds credit limit 
Manages payments in multiple currencies through a single interface 
Automatic allocation of expenses according to predetermined percentages
User Defined alert messages 
User Defined financial terms to organize discounts and charges 
User defined descriptions to assure accuracy and to save time
Multiple currencies transactions in the light of defined exchange rates
Reports can be viewed on the screen or printed to paper or saved as files
Drill downs and search facilities
Instantaneous retrieval of vendor data via inquiries
Statement of Accounts
Payables Aging
Vendor Activity
Transactions Listings 
Journal Transactions
Unadjusted Advances
 
  
 
 
Cash Manager
 

For best management of  checks, deposits, transfers and the other bank related transactions. All the transactions originating in any application modules are transferred into the Cash Manager automatically in real-time. Bank accounts can be reconciled including transactions originating in other modules. 

A reconciliation report can be generated for audit purposes. All transactions entered in the system are available for review at any time, performance of the system is not effected by number of transactions.

 
 

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