Run every aspect of your company’s financials using enterprise class accounting software that can scale up to manage multiple locations, currencies and lines of business.
Finance Management
Connect all Areas of Your Business to Your Finance.
Multi-Level Account
Tranquil offers a multi-level account chart to effectively handle financial transactions with multiple profit centers, departments, divisions, business units, or companies. Replace the default chart with a custom chart or import from your old system.
Seamlessly track multiple segments of the organization, view financial data at different levels of the business hierarchy, and generate reports at multiple levels, from a department or facility to a business unit or company, or even at a consolidated enterprise level.
Tax (VAT)
Enjoy centralized tax configuration, management and reporting with Tranquil ERP. Gather tax data from all financial documents in one centralized location and generate requisite reports to file taxes. Track your tax liability and stay in compliance with Saudi laws and international regulations.
Tranquil ERP provides support for VAT and reverse VAT in addition to sales, withholding, etc. set multiple rates with varying start and end dates, maximum and minimum tax amounts, and calculate tax for every line item separately or for the whole document.
Post/Unpost Journal
Post journals individually or in batches to the right ledger account, ensuring you get an accurate view of the financial transactions especially accounts payable and receivable. Keep track of your expenses and incomings, and ensure a steady cash flow.
Unpost journal entries when you receive new information about an account before it impacts your finances. Repost once the new data is uploaded. Make informed decisions regarding accounts payable and watch accounts receivable closely.
Bank Reconciliation
Ensure that your bank statements match the corresponding records in your books of account. Detect discrepancies in time and find the root cause. Ensure correct records to get the right picture of your organization’s financial health.
Track checks issued and received, avoid overdraft charges, remedy errors in time, and detect fraud and financial anomalies with the seamless bank reconciliation feature in Tranquil ERP’s financial management module. Stay in compliance with financial regulations and avoid penalties.
