Unlock the Power of Advanced Accounting

Leverage the Benefits of Numla ProACT

by Muhammad Kamran

Advanced accounting software is crucial for businesses seeking to streamline their financial operations. By automating tasks like invoicing and tracking expenses, businesses can save time and reduce errors. Additionally, these tools provide valuable insights into financial performance through features such as reporting and analysis. Ultimately, accounting software helps businesses maintain control of their finances and make informed decisions.

If you are looking to streamline your financial operations, Numla's advanced accounting system, Numla ProACT offers powerful features designed to simplify your business's complex financial management.

Why Choose Numla’s Accounting System & Services?

At Numla, our accounting team is dedicated to driving financial success for our clients. With a blend of expertise and innovative tools, we ensure that all financial processes are executed with precision and efficiency. Numla confidently simplifies your financial management and provides you with a robust and transparent foundation.

Numla's accounting system offers numerous benefits, particularly for companies seeking a comprehensive, flexible, and scalable solution. Here’s how Numla ProACT stands out:

Comprehensive Functionality

Numla Accounting Services encompasses many features to meet all your accounting needs. Our accounting system is designed to manage and streamline a company’s financial activities. It provides a comprehensive suite that supports financial management and compliance and offers a unified view of a company's financial health. Here’s a look at our core functions:

Function Description
General Ledger Acts as the central repository for all financial transactions and records, supporting charts of accounts, journal entries, and trial balances.
Accounts Payable (AP) Manages vendor invoices, purchase orders, and payment processing while tracking due dates and outstanding payments to avoid penalties.
Accounts Receivable (AR) Simplifies customer invoicing and collections, enabling you to track payment terms, generate invoices, and record incoming payments easily.
Bank Reconciliation Matches bank statement data with internal records to ensure accuracy, and helps detect discrepancies or unauthorised transactions.
Financial Reporting Generates customisable reports such as balance sheets, profit and loss statements, cash flow statements, and ageing reports for real-time insights into your financial health.
Fixed Asset Management Tracks asset acquisition, depreciation, and disposal. Calculates depreciation automatically and provides asset valuations.
Inventory Management Monitors stock levels, facilitates reordering, and tracks the cost of goods sold (COGS), essential for businesses with physical products.
Payroll Management Manages employee payments, tax deductions, and benefits. Tracks payroll liabilities, tax compliance, and generates payroll reports.
Tax Management Facilitates tax calculations and compliance, generating reports to ease the filing process and reduce compliance risks.
Budgeting and Forecasting Helps set and manage financial goals, comparing them to actual performance. Enables planning and resource allocation by predicting revenue and expenses.
Expense Management Tracks and categorises business expenses, integrating with accounts payable for streamlined reporting.
Multi-Currency Support Facilitates transactions in different currencies with automatic currency conversions, essential for global operations.
Compliance Management Ensures alignment with accounting standards (like GAAP, IFRS) and regulatory requirements. Tracks audit trails and generates compliance reports.
Audit Trail Maintains a record of all financial transactions and changes made within the system, providing transparency and traceability for audits.
Purchase Requisition Facilitates the internal process of requesting goods or services, ensuring proper approvals and tracking.
Deferred Revenue & Expense Aligns revenue and expenses with the accrual accounting principle, providing clarity in financial reporting.

Robust Reporting Capabilities

Numla’s advanced accounting system has robust reporting capabilities that provide actionable insights for maintaining financial health. Here's an outline of each key report:

Report Description
Aged Receivables and Payables Report Breaks down outstanding amounts by age, typically grouped by 30, 60, 90, and 120 days. Helps in managing overdue receivables and payables, aiding cash flow management.
Balance Sheet Summarises assets, liabilities, and equity at a given point, offering a snapshot of the financial position, essential for investors and stakeholders.
Profit & Loss Statement Shows revenue, expenses, and net income over a period. Assists in evaluating profitability and operational efficiency.
Executive Summary A high-level report summarising key financial metrics like net income, cash flow, and debt ratios, useful for quick reviews by executives and board members.
Customer Profitability Analysis Analyses revenue, costs, and profit generated by each customer, helping to identify valuable clients and optimise resource allocation.
Depreciation Schedule Report Tracks depreciation expenses for fixed assets over time, ensuring compliance with policies and informing asset replacement planning.
Dashboards for KPIs Provides visual summaries through charts, graphs, and key performance indicators, enabling quick monitoring of financial performance and trends.
Partner Ledger Print View Shows transactions with business partners (customers and suppliers), facilitating reconciliations and detailed partner account reviews.
Project Profitability Report Measures revenue and costs associated with specific projects, aiding in assessing project efficiency for better pricing and budgeting.
Summarised Statement of Account Presents a concise view of account balances and recent activity, useful for periodic reviews and sharing summaries with stakeholders.
Trial Balance and General Ledger The Trial Balance lists all ledger account balances to verify that debits equal credits, while the General Ledger provides a comprehensive record of all transactions.
Unrealised Foreign Currency Revaluation Report Tracks the impact of currency fluctuations on foreign-denominated accounts, assessing financial impact and adjusting balances as needed.
VAT Register Compiles details of all transactions subject to VAT, essential for VAT reporting, compliance, and tax preparation.

Management Reports

Numla ProACT’s management reports go beyond standard financial statements, offering insights that empower strategic planning and performance assessment. Key reports include:

Report Description
Indirect Cash Flow Analysis (FP&A) Analyses cash flows from operating, investing, and financing activities using the indirect method. Essential for Financial Planning & Analysis (FP&A), it assesses cash generation efficiency and assists in forecasting cash needs.
Financial Highlights (Full-Year Performance Overview) Summarises key financial metrics and projections for the fiscal year, enabling stakeholders to evaluate growth, profitability, and trends at a glance.
Executive Summary (Budget vs. Actuals) Compares year-to-date performance against budgeted figures, helping executives spot variances and make adjustments to stay on track with financial goals.
Statement of Changes in Equity Tracks changes in shareholder equity over time, including net income, dividends, and additional adjustments, providing valuable insights for tracking equity growth and investor contributions.
Custom Balance Sheet A tailored balance sheet with custom formatting and additional metrics, perfect for highlighting specific financial insights like segmented or comparative views.
Customised Financial Statements with Annotations Adds a personalised touch with comments and annotations for each line item, making it easier to clarify variances and offer context on key financial data for stakeholders.
Customised Income Statement A modified income statement with tailored categories or specific performance metrics, offering targeted insights by department, product line, or project for in-depth profitability analysis.

These management reports enhance a company’s financial analysis by providing tailored insights, facilitating better budget control, and supporting data-driven decision-making.

Seamless Integration with Microsoft Power BI

Numla ProACT’s integration with Microsoft Power BI enhances financial reporting, providing powerful, real-time, and customisable insights that support strategic planning and agile business decisions.

Executive Summary

Power BI’s visual summaries consolidate essential KPIs and financial metrics, offering a high-level overview of financial performance in a single view for quick decision-making.

Decomposition Tree for Variance Analysis

Analyse budget variances down to specific categories—such as departments or regions—to identify root causes and enable precise financial adjustments.

Financial Statements with Annotations

Interactive financial statements in Power BI allow for comments or annotations, adding clarity to variances and highlighting key insights for stakeholders.

Receivable Aging Report

Track overdue customer balances with an interactive receivables ageing report, helping manage collections and monitor cash flow effectively.

Net Working Capital Tracking

Visualise and manage liquidity with real-time net working capital data, ensuring operational resources are well-managed.

Waterfall Charts

Power BI’s waterfall charts break down cumulative financial changes, offering clear visuals on revenue trends, cost adjustments, or profit shifts for easy analysis.

Automated Invoice Processing

Integration with OneDrive allows for automatic fetching and processing of invoice files stored in Excel or CSV formats. This reduces manual data entry and minimises errors. The system can auto-create invoices by extracting key details like invoice numbers, amounts, and due dates.

ZATCA Compliance

Numla ProACT ensures compliance with ZATCA (Zakat, Tax, and Customs Authority) e-invoicing standards by generating invoices in PDF and XML formats, ready for electronic filing and direct submission to the ZATCA portal for seamless adherence to Saudi Arabia's regulations.

Customisation and Flexibility

Numla’s advanced accounting system is highly customisable, enabling businesses to adapt it to specific workflows. Customisable features include:

  • General Ledger Management
  • Accounts Payable/Receivable
  • Bank Reconciliation
  • Asset Management with QR Code Printing
  • Automated Invoicing and Billing
  • Tax Management and Reporting
  • Purchase Requisition
  • Request for Quotation and Purchase Order
  • Approval Matrix with Custom Scenarios and Notifications
  • Forceful Approval Option with Notifications
  • Enhanced Analytical Accounts Management
  • Automatic Multi-Currency Rate Updates with Exchange Rate Display
  • System Lock Date Enhancements
  • Enhanced Journal Item Views
  • Deferred Revenue/Expense Journal Entries
  • Historical Data Import
  • Intercompany Transactions with Automated Invoice/Bill Generation
  • Consolidation of Multi-Company Accounts
  • Outlook 365 Integration for Direct Email Sending and Receiving

What’s More in Numla ProACT?

Numla ProACT provides a full suite of advanced accounting capabilities, along with added benefits designed for efficiency and scalability:

Seamless Integration

Integrates with ERP, CRM, and payroll systems for smooth data flow across functions.

Task Automation

Automates repetitive tasks like bank reconciliation, invoice generation, and payment tracking.

Real-Time Reporting

Offers real-time financial reports and customisable analytics for informed decision-making.

Scalability

Scales to meet the needs of businesses of all sizes, handling large transaction volumes seamlessly.

User-Friendly Interface

An intuitive user interface for easy navigation, designed with non-technical users in mind.

Flexible Deployment

Available as a cloud-based or on-premise solution, providing options for data accessibility and security.

Cost-Effective

Modular pricing makes Numla ProACT more affordable, allowing businesses to pay only for what they need.

Robust Support

Backed by documentation, and a team of experts that continually contribute to system improvement, and help users troubleshoot issues and customise their setup.

Enhance Financial Efficiency with Numla ProACT


Transform your financial processes into a seamless experience. Discover how Numla ProACT can empower your business!

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