Accounting & Financial Management
Your accounts are built from the work your teams already do. Leases, collections, supplier payments, utilities and assets create their own accounting entries, so finance closes from live data instead of re-keying it.
At a glance
- Automatic posting from operations
- Full PDC lifecycle
- VAT management
- Property-wise and cost-centre accounting
- Automated revenue recognition
Accounting that runs itself
Integrated with every module
Financial transactions come straight from leasing, procurement, maintenance and other operations, with no duplicate entry.
Automatic transaction posting
Lease contracts, collections, supplier payments, utilities, expense allocations, assets, revenue and tax post automatically.
Automated revenue and expense recognition
Unearned to rental income, prepaid amortisation, accruals, depreciation and revenue recognition schedules run on their own.
Easy for non-accountants
Role-based screens let operational staff complete daily finance tasks accurately with minimal training.
Receivables, payables and cash
Tenant receivables
Balances, outstanding invoices, instalment schedules, collections, deposits and credit adjustments on one screen.
Complete invoicing
Tenant, customer, supplier and general invoices, plus debit notes and credit notes.
Supplier payables
Track what is owed to whom, and when, with payments linked to purchase records.
Post-dated cheque management
Receipt, issue, deposit, replacement, hold, return, clearance, reconciliation and bounce handling for every cheque.
Cash and banking
Cash collections and deposits, bank transfers, multiple payment modes, fund transfers and bank reconciliation.
All voucher types
Payment, receipt, journal, expense and prepaid vouchers, contra and adjustment entries.
Structure, tax and reporting
Flexible chart of accounts
Multi-level accounts with ledgers and sub-ledgers, plus property-wise, department-wise, cost-centre and project accounting.
VAT management
VAT is calculated on transactions and tracked for compliance monitoring and returns preparation.
Charge and billing setup
Configure rental, utility, service, administrative, penalty and miscellaneous charges once and apply them consistently.
Period control
Monthly and year-end closing, fiscal calendars, period locking and new financial year opening.
Financial statements
Trial balance, balance sheet, profit and loss and operational finance reports in real time.
What management sees
Finance leaders get control and visibility, not just bookkeeping.
Real-time financial dashboards
Revenue, receivables, payables, cash position and collection performance at a glance.
Daily financial activity
A daily view of the transactions posted across the organisation.
Receivable and collection control
Ageing, overdue tenants and collection efficiency, so follow-up happens early.
Payables and cash flow control
Upcoming supplier commitments against expected collections.
PDC risk management
Visibility of cheques due, returned and at risk before they affect cash flow.
Approval-based governance and audit trail
Sensitive financial transactions follow approval rules, and every action is recorded.
What your organisation gains
The improvements this module is designed to deliver. Results depend on scope, data quality and adoption.
- Fewer manual entries and posting errors
- Faster month-end and year-end close
- Accurate, property-level profitability
- Stronger control over cheques and cash
- Audit-ready records
- A finance foundation ready for e-invoicing
Connected modules
Every Mithaq ERP module shares one database, so information entered once is available everywhere it is needed.
- Leasing & Property OperationsThe full tenancy lifecycle, from offer and booking to renewal, termination and final settlement.
- Procurement & InventoryRequisition to payment, with warehouses, bin locations, barcodes and serial-number tracking.
- Reports, Dashboards & ForecastingExecutive dashboards, MIS reports, market rent benchmarking and revenue forecasting, with AI on top.
All Mithaq ERP modules
See Accounting & Financial Management working with your own processes.
Book a guided demonstration. We will walk through this module and show how it connects with the rest of Mithaq ERP.