Financial Accounting
The heart of Horizon ERP system. Designed for UAE/Middle East accounting standards with complete VAT compliance. Covers General Ledger, Accounts Receivable, Accounts Payable, and Management Accounting as per IFRS standards.
Complete Financial Control
The Financial Accounting Module is the heart of the Horizon ERP system, designed specially to match UAE/Middle East accounting standards and practices with complete VAT compliance.
This module is simple, flexible, scalable, and excellent in performance. It covers business accounting features such as General Ledger, Accounts Receivable, Accounts Payable, Management Accounting, and Budgetary Accounting with all essential functionalities as per IFRS Standard.
It is extremely flexible and can either be used as an independent accounting module or integrated with other modules for maximum potential - projects, procurement, inventory, sales, operations, and human resources.
Multi-Level COA
Flexible chart of accounts with unlimited hierarchy levels
Cost Centers
Multi-dimensional cost centers for branch, location, division
VAT Compliance
Complete UAE VAT with FTA audit file generation
Bank Integration
Electronic transfers with direct bank upload
Configure Accounts
Set up chart of accounts, cost centers, and voucher types
Record Transactions
Process payments, receipts, journals, and invoices
Reconcile & Review
Bank reconciliation, matching, and period closing
Report & Analyze
Generate financial statements and VAT returns
Key Features
Comprehensive tools designed to streamline your financial operations
General Ledger & Sub Ledgers
Multi-level chart of accounts with unlimited hierarchy. General ledgers and sub ledgers with powerful drill-down capabilities from balance sheet to lowest level voucher details.
Accounts Payable & Receivable
Complete AP/AR management with ageing analysis, matching/unmatching vouchers, debit/credit notes, and multi-level outstanding reports for debtors and creditors.
Payment Processing
Bulk payment vouchers with various criteria, cheque payments with bulk printing, electronic transfers with bank upload or direct integration, and payment notifications to suppliers.
Cheque Management
Complete cheque management for Current Dated Cheques (CDC) and Post Dated Cheques (PDC). Auto-generate JVs for release, bouncing, cancellation, and re-depositing.
VAT Accounting
Complete UAE VAT compliance with Input/Output VAT, recoverable/non-recoverable VAT, advance payment VAT, reverse charge mechanism, and automatic FTA audit file generation.
Period & Year-End Closing
Soft and hard month/year closing with auto year-end procedure. Auto-generation of closing JV & P&L items, auto transfer of closing balance to next year with security locking.
Key Benefits
Transform your financial operations with comprehensive accounting that ensures compliance, improves accuracy, and provides real-time visibility into your business finances.
Multi-Level Analysis
Trial balance at any level with micro and macro level analysis for complete financial visibility.
Powerful Drill-Down
Navigate from balance sheet to lowest level voucher details with intuitive drill-in/drill-out enquiries.
Flexible Cost Centers
Multi-dimensional cost centers completely flexible for defining branch, location, division, and components.
Multi-Currency Support
Multi-company, multi-branch, multi-location, multi-department, and multi-currency with consolidated accounting.
Complete VAT Compliance
Prepare tax invoices, credit notes, VAT returns with sophisticated monthly or quarterly VAT closing.
Automated Year-End
Auto-generation of closing JV, P&L items, and balance transfer to next year with reprocessing capability.
Full Audit Trail
Complete log of all user activities including data entry, editing, updates, deletes, and prints with timestamps.
Bank Reconciliation
Complete bank reconciliation with electronic transfer uploads and direct bank integration.
Extensive Search
Powerful enquiry with extensive search facility, filters, date ranges, and user-selectable sorting.
Tailored for Your Industry
Specialized solutions designed to meet the unique challenges of diverse sectors
Seamless Integration
Works perfectly with other Horizon modules for unified financial operations
Frequently Asked Questions
Find answers to common questions about Financial Accounting
Yes, the module is fully compliant with UAE VAT including Input/Output VAT, recoverable and non-recoverable VAT, advance payment VAT, reverse charge mechanism, and automatic generation of FTA audit files for VAT returns.
Yes, the module supports multi-company, multi-branch, multi-location, multi-department, and multi-currency with consolidated accounting and reporting across all entities.
The system provides automated year-end procedure including auto-generation of closing JVs, P&L items transfer, and balance carry-forward to next year. It can be processed multiple times if required with security locking.
Yes, the module supports electronic transfers with bank upload files or direct bank integration, bulk payment processing, and cheque management with automatic JV generation for CDC and PDC transactions.
The system maintains a complete audit trail for all activities including data entry, editing, updates, deletions, and prints - tracking date, time, user, and IP address for every action.
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