Best Practice Guidelines: Accounting Management


1. Introduction to Accounting Management

1.7. GoodX as a fully integrated practice management system

Fully financial integrated

GoodX is an Integrated financial medical practice management system that has the following components:

  1. Debtors management and control
  2. Creditors management and control
  3. Stock management and control
  4. Accounting (Open item system)
  5. VAT control

This integration eliminates the following risks of having to manage multiple systems:

  1. Double data capturing that is time-consuming and open to human error;
  2. Having insufficient audit trails;
  3. Higher operational expenses;
  4. Stock loss.

If you use GoodX, you will reap the following benefits from our financial period system:

  1. You can draw multiple reports based on the date of service OR transaction date;
  2. You can draw accurate management reports based on multiple ledger levels;
  3. You can provide SARS with reports and create payments from these reports;
  4. Debtors, Creditors and Cashbook recons on one system;
  5. You can provide your auditors with accurate financial figures.

We trust that your practice will make full use of all the functions available in GoodX to reap all the benefits.