i-Account for Parking | TimeTec

i-Account
An Accounting System for TimeTec Parking
The cloud-based TimeTec i-Account is perfectly designed to help parking operators efficiently manage multiple parking sites in the e-invoicing era. Integrated with the TimeTec Parking Management System (PMS), it eliminates the tedious and error-prone manual processes of transferring data from front-end parking operations to back-end accounting systems. In addition to parking operations, property management companies will find TimeTec i-Account to be the ideal all-in-one accounting system for managing both parking and property management business activities.
Complete standard accounting modules and features
Access at anytime from anywhere with cloud-based system
Support multiple choice of payment gateways
Simplify tedious payment processes
Embed Property Management Module of landed and high-rise properties
Integrate with TimeTec Parking Management System
Provide continuous improvements on accounting features and technical support
Comprehensive Reports
e-Invoicing compliance
iAccount Features
Parking Management
  • Integrated with TimeTec Parking Management System (PMS)
  • Automated Data Transfer from PMS
  • Multiple Parking Sites P/L Accounts
  • Parking User Types
  • Payment Methods
  • Parking Daily Settlement Portal
e-Invoicing Compliance
  • Automated e-Invoice Creation & Submission
  • E-Invoices Validation, Rejection and Cancellation
  • Retrieve and Customer TIN
  • Individual, Consolidated and Self-Billed e-Invoices
  • Types of e-Invoices: Credit Note, Debit Note, Refund Note
  • Reporting and Dashboard
  • Real-Time Tracking & Secure Data Storage
Fixed Assets
  • Fixed Assets Purchase
  • Fixed Assets Location Transfers
  • Fixed Assets Disposal
  • Fixed Assets Sales
  • Fixed Assets Movements
  • Fixed Assets Inquiry
  • Process Depreciations
  • Locations, Categories and Classes
Cash & Bank
  • Open Bank and Petty Cash Accounts
  • Record payments, deposits and withdrawals in related accounts
  • Various currencies can be added / foreign currency translation
  • Record bank enquiries and reports
  • Prepare bank accounts reconciliation
  • Transactions can be made void and reprinted
Sales And Account Receivables
  • Open customer accounts and branches
  • Create sales areas, sales types, sales groups, salesman groups
  • Create sales groups for grouping customer branches
  • Prepare sales quotations with inquiries or sales orders
  • Prepare sales orders and goods delivery notes
  • Prepare customer invoices and credit notes
  • Create batch invoicing for more than one delivery order
  • All sales documents are completely editable and printable
  • Point of sales definitions for better management
  • Customer payments and allocations
  • Dimensions can be selected for sales delivery and invoice
  • Shipping cost and legal taxes can be added to invoices
General Ledger
  • Open general ledger accounts, account classes and groups
  • Record journal entries and budget entries
  • Generate ledger accounts detailed enquiries with drill down reports
  • Add journal enquiries with an option to view
  • Close fiscal year and bring forward retained earnings
  • Record depreciation entries on period based
  • Create journal entries with corresponding entry in supplier / customer account
  • Filter general ledger reports by dimensions
  • Quick entries (preset GL transactions) in bank deposit/payment, journal entry and supplier invoice/credit
Inventory and Stock
  • Record stock items
  • Define item categories and locations
  • Record location transfers and other adjustments
  • Set reorder levels for inventory items
  • Automatic calculation of average material cost (per unit)
  • Application of standard and overhead costs
  • Quantity of items can be measured into standard units
  • Foreign codes registration for barcode scanner entry
Purchases and Account Payables
  • Open supplier accounts
  • Create purchase orders, goods receival notes and payment terms
  • Clearing of goods receival notes
  • Entry of supplier price lists & related conversion factor
  • Arrange debit notes and record credit notes from suppliers
  • Supply payments and allocations
  • Dimensions can be selected for purchase orders and invoices
  • Option to attach scanned documents with transactions
Other Advanced Features
  • Manufacturing module for material bills, work center inquiries and work order entries
  • Dimensions module for projects, cost centers or departments
  • Different companies can be configured simultaneously
  • eparate financial years can be created and closed against entries
  • Multi-user access with different privileges
  • Create backups and restore for companies
  • Simple audit trails
  • Multi-currency support
  • GST/VAT handling
  • Documents can be emailed and printed simultaneously
Reports
  • All reports can be printed, emailed or converted into PDF
  • Export the reports into Microsoft Excel/Open Office format
  • Generate reports on periodic and financial year basis
  • Email documents directly to customers
  • Create graphical analysis (horizontal/vertical bars, dot lines, pie chart)
  • Tag and save report selections