iCARAT Vantage (ICTV) is our full featured web based accounting system that you can use from any device with a web browser.
It runs from our web server in the Internet and you simply start your web browser, type in its URL and run it. Nothing is installed in your computer(s).
ICTV contains up to four ledgers and many supporting modules.
This ledger allows you to manage cash and bank transactions for receipts and payments. Journal adjustments, debtors' receipts/adjustments and creditors' payments/adjustments are also supported. Once you have entered your transactions, you may prepare bank reconciliation statements, print the trial balance, profit and loss account and balance sheet. The general ledger is a core suite of modules and is the minimum required for anyone who wants to keep track of their accounting records.
This ledger is for those who sell on credit. An invoice and delivery order is issued for goods or services delivered and a payment by the debtor is received later. If you collect payments immediately after sales, you do not need to use this ledger. In addition to issuing sales documents, this ledger allows you to issue credit and debit notes for adjustments against earlier issued invoices.
At the end of the month or at other designated intervals, you may print the statement of accounts for sending or emailing to debtors and also the ageing report to check the amounts owing by debtors and for how long.
The debtors' ledger supports sales and service tax (SST) functions.
This ledger is for those who buy on credit. You receive a purchase invoice for goods or services received and you pay the creditor later. If you pay immediately when you buy something, you do not need to use this ledger. In addition to recording purchase invoices, this ledger allows you to record credit notes and issue debit notes for adjustments against earlier received invoices.
At the end of the month or at other designated intervals, you may print the ageing report to check the amounts owing to creditors and for how long.
The creditors' ledger supports SST functions.
This ledger allows you to manage physical stock as well as maintain a list of services you provide. For example, pencils are stocks while repairing air-conditioners is a service. If you do not sell items that require delivery or do not need to track and analyse stocks you sell/receive and/or services you provide, you do not need to use this ledger.
You may enter stock receipts, issues and adjustments manually here but the debtors' ledger handles stock issues and returns inwards automatically once you save the transactions. The creditors' ledger takes care of stock receipts and returns outwards. At periodic intervals, you may print various analytical reports such as price lists, stock reorder and excess stock reports. When you are ready to conduct a stock count, you may print the stocktake worksheet to assist you in doing so.
The stock ledger supports SST functions.
ICTV is available in 3 editions. They are Cash Edition (CE), Advanced Edition (AE) and Premium Edition (PE).
ICTV CE contains the general ledger, ICTV AE contains the general, debtors' and creditors' ledgers while ICTV PE has everything.
Subscriptions And Support
If you are interested in evaluating iCARAT Vantage, click this link. After the login window appears, click the Eval button to access the evaluation data. Aside from backing up data, which is disabled, all functions work similar to a licensed account. Do be aware that the evaluation data can be accessed by other potential users at the same time and they may change as you are evaluating it. The evaluation data is reset on a weekly basis.
From now until 30th June 2022, save RM100.00 per year when you purchase a subscription. Get your iCARAT Vantage at the lowest prices before the offers end! Check out our store for details.