Newton Freight

Newton Logics, 207, Sahar Cargo Estate, J. B. Nagar, Andheri (East), Mumbai: 400099. Maharashtra, India.

Agreed Rates – Tariff, Long term, Spot for both Revenue and Cost
Operations
1. Air – Export, Import, Domestic, Consolidation
2. Sea – Export, Import, Domestic, Consolidation
Billing – Revenue and Cost
Accrual – Revenue and Cost
Accounts – Chart of accounts, Bank and Cash Transactions, Journals, Bank reconciliation
E Documentation: Upload feature to upload all scanned export documents with linkage to Jobs, Billing and Accounts in the system
Technology

Operations: Air & Sea

Way bill Stock Maintenance – Carrier and House both
Export, Import, Domestic all covered
Assign job to executing office
Provision for Consolidation / Deconsolidation
Provision to capture Transshipment Details
Provision for Capturing Routing Details
Capture user defined Activities for Job
- Useful for tracking jobs
- Definition of Internal and Client Milestones
- Useful for Activities based billing (Both revenue and cost)
Way bill charges to be printed on the document
Billing sheet for capturing revenue and cost charges and seeing jobwise profitability
E-Documents – Provision to upload all scanned documents against job
Discussion notes for a job (both internal and external)
Standard reports for jobs – POL, POD, Country, Shipper Consignee, Carrier etc.
Job profitability report across all services

Billing: Revenue & Cost

Billing can be captured for Job and General Services
Provision to Create Invoice, Debit note, Credit Note
Revenue
- Credit note can be General or against Invoice and Debit Note
- Debit Note can be General or against Credit Note
Billing currency can be different from base currency
Provision to pull charges from Job
Tax details are populated automatically based on configuration
Summary of charges in both billing and base currency
Provision for authorization of billing
On authorization posting of details to accounts
On payment, Receipt and adjustment details are shown against documents for visibility of outstanding adjustments
E-Documents – Provision to upload all scanned documents against billing
Discussion notes for billing (both internal and external)

Accrual: Revenue & Cost

Can be defined
- Accrual - Revenue and Cost Recognition of all unbilled and open jobs
- Work in progress – removing profitability for all billed and open jobs
Can be set as Periodic
- Monthly
- Quarterly
- Yearly
Generation of accrual for a particular period will show
- Charge details with jobs
- Account wise summary which will be posted in accounts at the end of period and reversed next day
Provision for authorization of accrual
On authorization posting of details to accounts
E-Documents – Provision to upload all scanned documents against accrual
Discussion notes for accrual (both internal and external)

Accounting

Definition of Chart of Accounts and grouping
Bank and Cash Transaction
- In document currency and base currency
- Outstanding adjustments (both Sales and Purchase) in both document and base currency
- Automatic exchange gain loss JV
- Provision of booking TDS / Withholding tax and auto creation of TDS JV
- Printing of Advice and Voucher in both document and base currency
Journal Voucher
- Separate journal vouchers – Normal, On authorization of bill, Exchange gain loss, TDS / Withholding tax, Accrual
- Printing of journal voucher in base currency
All standard reports – Bank book, Cash book, Journal register, Ledger, Trial Balance, Outstanding, Ageing etc.
Bank reconciliation
- Manual entry of upload of bank statement
- Auto debit and credit flagging
- Provision for manual flagging in case of mismatch
- Previous or cheque reversal flagging
- Reports Flagged and unflagged data, Tally sheet and Periodical final reconciliation statement

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