Financial Management & Accounting Solution
novaERPS's financial management solution brings the chart of accounts, automated journals, and IFRS-aligned statements together in one module, directly connected to the rest of the business.
The problem it solves
Companies often rely on accounting software disconnected from sales and inventory systems, needing the same data entered more than once, making accurate, timely financial statements hard to produce.
How it works inside novaERPS
Every sale, purchase, or payroll run in novaERPS automatically creates an accounting entry in the general ledger, so financial statements stay current without manual posting.
Key features
- A chart of accounts customizable to the company's activity.
- Automated daily journals from sales, purchasing, and payroll.
- General and subsidiary ledgers.
- IFRS-aligned financial statements (position, income, cash flow).
- A structured monthly and yearly close.
Who it's for
It fits any Saudi company that needs accurate, reliable financial statements, from a single company to multi-branch groups.
How it integrates with the rest of the system
It connects automatically to inventory, sales, purchasing, HR, and Zakat/tax — every transaction in any module reflects in the same ledger.
Frequently asked questions
Yes, the chart of accounts can be customized to fit the company's activity and structure.
Yes, it includes a structured close cycle at the end of each month and financial year.