Accounts Payable

  • Manages the accounts payable process, including amounts outstanding and payments due alert.
  • Applies settlement discount.
  • Facilitates commission payment for external agents.
  • Caters for Foreign Exchanges contracts and advance payment invoices.


  • Allows for multiple concurrent ledgers and sales budgets.
  • Simple creation using adjusted historical figures.
  • Sales budgets on various levels, including customer, item class, item groups, individual items and/or salesperson.
  • Compare approved and latest budgets with actual.

Fixed Assets

  • Manages fixed asset classes and fixed assets.
  • Allocate assets between various business units.
  • Maintain book and tax values.
  • Scheduled and ad-hoc depreciation entries.
  • Asset tracking and reporting.

Financial Ratios

  • Analyse financial ratios, for example, the Current Ratio and the Solvency Ratio, in real-time.

Ledger Tax Report

  • Manage tax (VAT) from the system.
  • Monthly or bi-monthly basis supported.
  • Retain workings within the system indefinitely.
  • Automated payment via cashbook.

Credit Management

  • Control credit limits per organisation or organisation grouping.
  • Apply credit limits on order entry and/or invoicing.

Business Units

  • Create and maintain an unlimited number of business units (can be profit centres and/or cost centres).
  • Maintain and easily modify the organisation’s structure.
  • Perform financial reporting at a business unit level and perform consolidations.
  • Ledger and system settings are maintained at a business unit level.

Accounts Receivable

  • Manages debtors, including statements and debtor ageing, settlement discount and automatic interest calculation on overdue accounts.
  • Manages debtor balances and allows for credit management.


  • Process payments and receipts made.
  • Transfers between cashbooks.
  • Performs bank reconciliations.
  • Allows for cancelled and not honoured transactions.
  • Applies settlements from bank transaction entry.
  • Import bank statements for quicker and more accurate processing.

Financial Reporting (ledger-based)

  • Design and use any number of general ledger-based reports: balance sheet, income statement and cash flow.
  • View financial reports in real time.
  • Compare financial reports monthly.

General Ledger

  • Set up general ledger per business unit.
  • Manage transaction application per ledger account.

Manual Journals and Standard Journals

  • Use manual journals for ledger posting where the sourcing process is not managed within Forward ERP.
  • Standard Journals provide for manual journals that are performed periodically.
  • Use the manual journals also for provisions and accruals that are automatically reversed.


  • Deal with customers and suppliers in their currency.
  • Manage foreign currency cashbooks.


  • The system remains available at all times, and month-end or year-end processes do not require it to be unavailable at these times.