Shown in IllustrationsFinancial management for waqf
Waqf fund records and financial statements, kept in one accounting system.
The Waqf Accounting System is a financial management and record system for waqf institutions. It records each waqf fund in the chart of accounts, posts every transaction through the journal and ledger, and produces the trial balance and the financial statements. The screens below are from the demonstration system.
Built for: Waqf institutions and trustees who need clear fund records, a trial balance and financial statements they can check.
The problem
What Waqf Accounting System is for
Waqf money is held for a purpose set by the donor. Records kept in separate books or spreadsheets make it hard to show where each fund's money went.
Capabilities
What it does
- A chart of accounts, including the Waqf Fund account
- Transactions posted through the journal and ledger, in double-entry form
- A trial balance that checks debits and credits agree
- Financial statements: SOFA and SOFP
- An audit trail of posted records, with corrections and reasons shown
- Accounts managed by an administrator
Modules
Modules of Waqf Accounting System
The screens are shown as illustrations of how the product works. It is not a live customer system. Ask us for the current scope before you rely on any part.
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Dashboard
Total assets, income, expenses and the number of transactions, with the accounting flow.
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Chart of accounts
Main accounts and sub-accounts, with codes generated from the account class.
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Trial balance
Debit and credit totals for each account, to check the books balance.
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Audit trail
Posted records with status, who entered them, and any corrections and their reasons.
Screens
See Waqf Accounting System in use
Select any screenshot to view it larger. Use the arrow keys or the buttons to move between them.
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Chart of accounts
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Trial balance
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Audit trail
How it works
From start to result
- 1Set up the chart of accounts, including the Waqf Fund
- 2Record each transaction
- 3The journal and ledger are updated
- 4Check the trial balance, then produce the SOFA and SOFP
Next step
Talk to us about Waqf Accounting System
Tell us what you need and we will reply to start a conversation.